WEX layoffs, on the record
Every job cut, severance charge and restructuring WEX reported in its annual reports, 2023 to 2025, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 7,200 | December 31, 2023 |
| 10-K for 2024 | approximately 6,500 | December 31, 2024 |
| 10-K for 2025 | approximately 6,600 full time employees | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryWEX commenced a restructuring initiative in October 2022 after a global review of operations, mainly involving employee separation costs.
Word for word“During October 2022, the Company commenced a restructuring initiative as a result of its global review of operations in light of the executive leadership team reorganization that became effective January 1, 2022.” 10-K for 2023
Our summaryInitiated a 2024 restructuring initiative to streamline the organizational structure, consisting primarily of employee separation costs.
Word for word“During the year ended December 31, 2024, costs incurred under this initiative were $ 12.3 million.” 10-K for 2024
Our summaryCommenced a restructuring initiative after a global review of operations, consisting primarily of employee separation costs.
Word for word“The restructuring charges related to this initiative, which primarily consisted of employee separation costs, were $ 9.2 million for the year ended December 31, 2022, $ 4.7 million of which was recorded within our Mobility segment and the remaining amount recorded between our Corporate Payments segment, Benefits segment and unallocated corporate expenses.” 10-K for 2024
| Fiscal year ended | Severance costs | Restructuring charges | Restructuring costs incurred | Cash paid for restructuring |
|---|---|---|---|---|
| 2016-12-31 | — | $7.5 million | $8.3 million | $4.8 million |
| 2017-12-31 | — | $7.1 million | $7.1 million | $10.1 million |
| 2018-12-31 | — | — | $272,000 | $7.7 million |
| 2019-12-31 | $2.8 million | — | — | — |
| 2021-12-31 | — | $5.4 million | — | — |
| 2022-12-31 | — | $9.2 million | — | — |
| 2024-12-31 | — | $12.3 million | — | — |
WEX 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 WEX’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 2026-02-13. 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.