Xpo layoffs, on the record
Every job cut, severance charge and restructuring Xpo reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 38,000 to approximately 37,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 38,000 | As of December 31, 2023 |
| 10-K for 2024 | approximately 38,000 | As of December 31, 2024 |
| 10-K for 2025 | approximately 37,000 | As of December 31, 2025 |
Job cuts, severance and restructuring
Our summaryRecorded restructuring charges, mainly severance, in 2023 across North American LTL, European Transportation and Corporate, with a $6 million non-cash lease impairment in the first quarter.
Word for word“Restructuring costs in 2023 were $44 million, compared with $50 million in 2022.” 10-K for 2023
Our summaryRecorded restructuring charges, mainly severance, in 2022 including severance tied to the RXO spin-off, plus contract termination costs.
Word for word“Restructuring costs in 2022 were $50 million, compared with $19 million in 2021.” 10-K for 2023
Our summaryXPO recorded restructuring costs in 2024 tied to its ongoing efforts to use its resources and infrastructure well, including actions tied to spin-offs and divestments. Severance was the main component.
Word for word“Restructuring costs in 2024 were $27 million, compared with $44 million in 2023.” 10-K for 2024
Our summaryXPO recorded 2025 restructuring costs, mainly share-based compensation in Corporate plus severance and related charges from headcount reduction initiatives in European Transportation.
Word for word“Restructuring costs in 2025 were $59 million, compared with $27 million in 2024.” 10-K for 2025
Our summaryXPO said its 2025 restructuring costs mainly reflect corporate share-based compensation and severance from headcount reduction initiatives in European Transportation.
Word for word“In 2025, restructuring costs primarily reflect share-based compensation in Corporate, and severance and related charges incurred in connection with headcount reduction initiatives in our European Transportation segment.” 10-K for 2025
Our summaryXPO said its 2024 restructuring costs mainly came from headcount reduction initiatives in European Transportation.
Word for word“In 2024, restructuring costs primarily related to headcount reduction initiatives in our European Transportation segment.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2016-12-31 | $27.5 million | $62.8 million |
| 2017-12-31 | $34 million | $39.5 million |
| 2018-12-31 | $21 million | $5 million |
| 2019-12-31 | $49 million | $39 million |
| 2020-12-31 | $31 million | $31 million |
| 2021-12-31 | $19 million | $13 million |
| 2022-12-31 | $50 million | $25 million |
| 2023-12-31 | $38 million | $47 million |
Xpo 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 Xpo’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 2026-02-05. 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.