Webster Financial layoffs, on the record
Every job cut, severance charge and restructuring Webster Financial reported in its annual reports, 2023 to 2025, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2024 | 4,297 full-time employees and 110 part-time employees | December 31, 2024 |
| 10-K for 2025 | 4,498 full-time employees and 103 part-time employees | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryStrategic restructuring costs, primarily severance, technology contract termination costs, and partial impairment of a payroll finance customer relationship intangible asset, were recorded.
Word for word“Strategic restructuring costs and other (2) 22,169 — (3,032)” 10-K for 2024
Our summaryStrategic restructuring costs and other primarily included severance, technology contract termination costs, and partial impairment of the payroll finance customer relationship intangible asset.
Word for word“(2) Strategic restructuring costs and other primarily included severance, technology contract termination costs, and the partial impairment of the payroll finance customer relationship intangible asset for the year ended December 31, 2024.” 10-K for 2024
Our summaryMerger-related expenses for 2022 included employee severance and retention costs, comprised primarily of employee severance and retention costs and executive restricted stock awards, along with a 2022 corporate real estate consolidation plan.
Word for word“(1) Comprised primarily of employee severance and retention costs, and executive restricted stock awards.” 10-K for 2024
Our summaryThe company expects non-recurring costs tied to the pending Banco Santander transaction, including retention, severance, and employee benefit-related costs.
Word for word“These costs include, or will include, legal, financial advisory, accounting, consulting, and other advisory fees; retention, severance, and employee benefit-related costs; public company filings fees and other regulatory fees; financial printing and other printing costs.” 10-K for 2025
Our summaryThe company reported strategic restructuring costs in 2024 that were mostly severance expense.
Word for word“(2) Strategic restructuring costs primarily comprises severance expense.” 10-K for 2025
| Fiscal year ended | Severance costs | Restructuring charges | Cash paid for restructuring |
|---|---|---|---|
| 2020-12-31 | $17.9 million | $28.6 million | $8.9 million |
| 2021-12-31 | −$1.6 million | $10.9 million | $20 million |
| 2022-12-31 | — | $70.2 million | $38.8 million |
| 2023-12-31 | — | $32.1 million | $44.8 million |
Webster Financial filed 1 restructuring notice (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Webster Financial’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.