Waste Management layoffs, on the record

Headcount, as reported

Job cuts, severance and restructuring

1. Our summaryThe filing reports restructuring expense of 5 million dollars for 2023 in the consolidated statement of operations, with a line item labeled Restructuring. Cost: 5

   Word for word“Restructuring ​ 5 ​ 1 ​ 8 (Gain) loss from divestitures, asset impairments and unusual items, net ​ 243 ​ 62 ​ ( 16 ) ​ ​ 16,851 ​ 16,333 ​ 14,966 Income from operations ​ 3,575 ​ 3,365 ​ 2,965 Other income (expense): ​ ​ ​ ​ Interest expense, net ​ ( 500 ) ​ ( 378 ) ​ ( 365 ) Loss on early extinguishment of debt, net ​ ​ — ​ ​ — ​ ​ ( 220 ) Equity in net losses of unconsolidated entities ​ ( 60 ) ​ ( 67 ) ​ ( 36 ) Other, net ​ 6 ​ ( 2 ) ​ 5 ​ ​ ( 554 ) ​ ( 447 ) ​ ( 616 ) Income before income taxes ​ 3,021 ​ 2,918 ​ 2,349 Income tax expense ​ 745 ​ 678 ​ 532 Consolidated net income ​ 2,276 ​ 2,240 ​ 1,817 Less: Net income (loss) attributable to noncontrolling interests ​ ( 28 ) ​ 2 ​ 1 Net income attributable to Waste Management, Inc. ​ $ 2,304 ​ $ 2,238 ​ $ 1,816 Basic earnings per common share ​ $ 5.69 ​ $ 5.42 ​ $ 4.32 Diluted earnings per common share ​ $ 5.66 ​ $ 5.39 ​ $ 4.29 ​ ​ ​ CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In Millions) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2023 2022 2021 Consolidated net income ​ $ 2,276 ​ $ 2,240 ​ $ 1,817 Other comprehensive income (loss), net of tax: ​ ​ ​ Derivative instruments, net ​ 14 ​ 3 ​ 9 Available-for-sale securities, net ​ ( 11 ) ​ ( 24 ) ​ ( 6 ) Foreign currency translation adjustments ​ 26 ​ ( 65 ) ​ ( 28 ) Post-retirement benefit obligations, net ​ 3 ​ — ​ 3 Other comprehensive income (loss), net of tax ​ 32 ​ ( 86 ) ​ ( 22 ) Comprehensive income ​ 2,308 ​ 2,154 ​ 1,795 Less: Comprehensive income (loss) attributable to noncontrolling interests ​ ( 28 ) ​ 2 ​ 1 Comprehensive income attributable to Waste Management, Inc. ​ $ 2,336 ​ $ 2,152 ​ $ 1,794 ​ ​ See Notes to Consolidated Financial Statements. ​ ​ 76 Table of Contents WASTE MANAGEMENT, INC.” 10-K for 2023

2. Our summaryThe company recorded severance costs tied to the acquisition and integration of Stericycle, which increased selling, general and administrative expenses in 2024. 2024

   Word for word“Selling, general and administrative expenses in 2024, as compared with 2023, have increased due to (i) severance and consulting costs incurred in connection with the acquisition and integration of Stericycle, of which a significant portion are transaction and integration costs that are not expected to recur; (ii) increased labor costs from higher annual and long-term incentive compensation and annual wage increases and (iii) increased professional fees to support strategic initiatives.” 10-K for 2024

3. Our summaryThe company recorded restructuring charges for 2025, mainly employee costs from integrating Stericycle plus retention and severance costs to support automation at recycling facilities and in some back-office functions. During the year ended December 31, 2025 · Cost: $ 51 million

   Word for word“During the year ended December 31, 2025, we recognized $ 51 million of pre-tax restructuring charges, primarily related to employee costs associated with the integration of Stericycle as well as employee retention and severance costs incurred to support automation at our recycling facilities and in certain back-office functions.” 10-K for 2025

4. Our summaryThe company reported that $31 million of its 2025 acquisition and integration costs were restructuring costs related to the Stericycle acquisition. For the year ended December 31, 2025 · Cost: $31 million of restructuring costs

   Word for word“For the year ended December 31, 2025, we incurred acquisition and integration related costs of $120 million, comprised of $89 million of selling, general and administrative costs and $31 million of restructuring costs.” 10-K for 2025

Waste Management 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 Waste Management’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 2026-02-09. 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.