VSE layoffs, on the record
Every job cut, severance charge and restructuring VSE reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 1,200 to approximately 1,600.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 1,200 | December 31, 2023 |
| 10-K for 2024 | approximately 1,400 | December 31, 2024 |
| 10-K for 2025 | approximately 1,600 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryCompany recorded corporate restructuring charges tied to cancelling contracts and leasing agreements associated with the FDS Sale.
Word for word“During the year ended December 31, 2024, we incurred $ 4.2 million of corporate restructuring expenses , which are included in selling, general and administrative expenses, primarily related to the cancellation of contracts and leasing agreements associated with the FDS Sale.” 10-K for 2024
Our summaryCompany reported net lease abandonment and termination charges, including the Alexandria, VA lease, as part of higher corporate costs.
Word for word“Operating income decreased $6.6 million, or 7%, in 2024 compared to 2023 primarily attributable to an increase in corporate costs, including net lease abandonment and termination charges of $12.2 million, corporate restructuring charges of $4.2 million, and acquisition-related expenses incurred in connection with current year acquisitions, and a decrease in operating income for our Fleet segment of $14.2 million.” 10-K for 2024
Our summaryCompany said its corporate restructuring activities related to the FDS Sale are substantially complete and it does not expect further material costs.
Word for word“Our corporate restructuring activities related to the FDS Sale are substantially complete, and we do not expect to incur additional material costs associated with these activities .” 10-K for 2024
Our summaryThe company recorded corporate restructuring expenses in 2024, mainly from canceling contracts and leasing agreements tied to the FDS Sale.
Word for word“During the year ended December 31, 2024, the Company incurred $ 4.2 million of corporate restructuring expenses , which are included in selling, general and administrative expenses in the consolidated statement of operations, primarily related to the cancellation of contracts and leasing agreements associated with the FDS Sale.” 10-K for 2025
Our summaryThe company said restructuring tied to the FDS and Fleet Sales is substantially complete and it expects no more material costs.
Word for word“The Company's corporate restructuring activities related to the FDS and Fleet Sales are substantially complete, and the Company does not expect to incur additional material costs associated with these activities .” 10-K for 2025
VSE has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from VSE’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-27. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.