WillScot Holdings layoffs, on the record
Every job cut, severance charge and restructuring WillScot Holdings reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 5,000 to approximately 4,700.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 5,000 | December 31, 2023 |
| 10-K for 2024 | approximately 4,500 | December 31, 2024 |
| 10-K for 2025 | approximately 4,700 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryThe filing reports restructuring costs, lease impairment and related charges under restructuring plans, but the amounts shown are minor for 2023 and 2022, and the only restructuring-related items tied to a specific event are 2021 charges from a former executive's separation agreement.
Word for word“Included in restructuring costs for the year ended December 31, 2021 was expense of approximately $ 5.9 million recognized as a result of the modification of certain RSUs with the Transition, Separation and Release Agreement entered into on February 25, 2021, with the Company's former President and Chief Operating Officer.” 10-K for 2023
Our summaryImplemented a cost-reduction plan for certain centralized and redundant resources tied to task localization and unifying the go-to market structure, with employee termination costs recorded as restructuring expense.
Word for word“Restructuring In June 2024, we implemented a cost-reduction plan for certain centralized and redundant resources related to task localization and the unification of our go-to market structure.” 10-K for 2024
Our summaryThe company recorded restructuring costs for 2025 under its Network Optimization Plan, which exits real estate and disposes of rental equipment, mostly as accelerated depreciation.
Word for word“For the year ended December 31, 2025, we recorded restructuring costs for the Network Optimization Plan of $301.9 million, consisting primarily of accelerated depreciation of rental equipment.” 10-K for 2025
Our summaryThe company recorded 2024 restructuring costs mainly from employee termination costs under a cost-reduction plan for centralized and redundant resources.
Word for word“Restructuring costs for the year ended December 31, 2024 were primarily due to employee termination costs as a result of a cost-reduction plan implemented in June 2024 for certain centralized and redundant resources related to task localization and the unification of our go-to market structure.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2016-12-31 | $2.8 million | $3.1 million |
| 2017-12-31 | $2.2 million | $1.8 million |
| 2018-12-31 | $15.5 million | $10.1 million |
| 2019-12-31 | $3.8 million | $5.7 million |
| 2020-12-31 | $6.1 million | $5.4 million |
| 2021-12-31 | $11.9 million | $5.9 million |
| 2022-12-31 | −$86,000 | — |
| 2023-12-31 | $0 | — |
| 2024-12-31 | $8.6 million | $7.6 million |
| 2025-12-31 | $302.2 million | — |
WillScot Holdings 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 WillScot Holdings’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 2026-02-19. 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.