Layoffs in 2024: what 348 companies told the SEC
Every 2024 job cut that companies filing with the SEC put on the record: 141 restructuring notices, the cuts their annual reports describe, and the severance they reported, each quoted and linked to the filing.
Restructuring notices filed in 2024
A company files a restructuring notice (Form 8-K, Item 2.05) when it commits to a cut it judges material. 141 were filed in 2024, newest first.
The cuts, in the companies’ own words
Job cuts that annual reports place in 2024, and the severance and positions eliminated that companies reported for fiscal years ending in 2024. Largest stated cut first.
Telecom Argentina
Our summaryHeadcount fell by 6.0%, a reduction of 19,987 employees, which the company cited as the main driver of lower employee benefit expenses in 2024.
Word for word“The decrease was mainly due to a reduction in headcount of 6.0%, amounting to 19,987 employees as of December 31, 2024, and, partially offset by increases in salaries agreed by the Company with several trade unions for unionized employees, and for non-unionized employees, together with related social security charges and an increase in severance payments.” 20-F for 2024
UPS
Our summaryUPS carried out the Fit to Serve initiative, cutting management-heavy positions during 2024 to right-size the business, and has incurred costs under it.
Word for word“In response to these factors, we began to undertake our Fit to Serve initiative with the intent to right-size our business to create a more efficient operating model that was more responsive to market dynamics through a workforce reduction of approximately 14,000 positions, primarily within management, throughout 2024.” 10-K for 2024
Ingram Micro Holding
Our summaryIn Fiscal Year 2024 the company took further restructuring steps to improve efficiency and customer service, including headcount reductions.
Word for word“In Fiscal Year 2024, we incurred restructuring charges of $ 38,354 , primarily related to the implementation of further initiatives to enhance organizational efficiency and strengthen customer service capabilities to better position us for long-term, sustainable growth, which included organizational and staffing changes as well as headcount reductions of 1,056 .” 10-K for 2025
Solaredge Technologies
Our summaryThe company announced additional measures in response to industry conditions, including cutting headcount through involuntary workforce reductions over the first half of 2024.
Word for word“On January 21, 2024, the Company announced adoption of additional measures in response to challenging industry conditions, including reducing its headcount by approximately 900 over the first half of 2024 through involuntary workforce reduction plans, followed by an additional involuntary workforce reduction in July 2024 resulting in the layoff of approximately 400 employees.” 10-K for 2025
Viasat
Our summaryCompleted a rationalization of roles in its global business, reducing the global workforce by roughly 800 positions, or about 10%, to streamline operations and cut costs.
Word for word“As part of the role rationalization, we reduced our global workforce by approximately 800 positions, or approximately 10%, and recorded total costs (primarily related to employee severance payments, benefits and related termination costs) of approximately $48 million during fiscal year 2024.” 10-K for 2024
Catalent
Our summaryCatalent cut headcount by about 700 employees and incurred $39 million of employee separation and other restructuring costs under its restructuring plans, expecting annual run-rate savings of $90 to $100 million.
Word for word“In connection with these restructuring plans, during the fiscal year ended June 30, 2024, we reduced our headcount by approximately 700 employees and incurred $39 million of cumulative pre-tax employee separation and other restructuring related costs.” 10-K for 2024
Our summaryCatalent reported that the restructuring plans reduced headcount by about 700 employees and carried $26 million of employee-related charges, mostly cash severance programs.
Word for word“In connection with these restructuring plans, the Company reduced its headcount by approximately 700 employees and incurred cumulative employee-related charges of $ 26 million, primarily associated with cash severance programs through June 30, 2024.” 10-K for 2024
International Paper
Our summaryAnnounced a corporate overhead restructuring plan that reduced the workforce by approximately 650 employees, substantially implemented in the fourth quarter of 2024.
Word for word“For example, on October 15, 2024, we announced a corporate overhead restructuring plan to reduce operating costs, optimize organizational structure and better align our workforce with the needs to our customers, pursuant to which we reduced our workforce by approximately 650 employees.” 10-K for 2024
Indivior Pharmaceuticals
Our summaryDiscontinued promotion and marketing of PERSERIS, reducing headcount and terminating related contract manufacturing agreements.
Word for word“In July 2024, the Company announced the discontinuation of promotion and marketing support for PERSERIS, resulting in a headcount reduction of approximately 130 employees and termination of related contract manufacturing agreements.” 10-K for 2024
Criteo
Our summaryImplemented planned layoffs to reduce company size by approximately 100 employees under the 2024 Restructuring Plan, with impacted employees notified April to July 2024.
Word for word“In April 2024, we implemented several measures to pursue greater efficiency, including planned layoffs to further reduce our company size by approximately 100 employees ("2024 Restructuring Plan").” 10-K for 2024
Teradyne
Our summaryRecorded severance charges tied to headcount reductions of 98 people, mainly in Robotics and Semiconductor Test, including a voluntary early retirement program.
Word for word“During the year ended December 31, 2024, we recorded $5.2 million of severance charges related to headcount reductions of 98 people primarily in Robotics and Semiconductor Test, which included charges related to a voluntary early retirement program for employees meeting certain conditions, $3.6 million of acquisition and divestiture expenses, and $1.3 million of charges related to lease terminations.” 10-K for 2024
Enpro
Our summaryThe company cut administrative and manufacturing positions as part of its restructuring in 2025, 2024 and 2023.
Word for word“Workforce reductions associated with our restructuring activities in 2025, 2024, and 2023 totaled 35, 77, and 72 administrative and manufacturing positions, respectively.” 10-K for 2025
Bakkt
Our summaryAnnounced a reduction in force that terminated 28 employees.
Word for word“Further, on May 2, 2024, we announced a reduction in force resulting in the termination of 28 employees, which may limit our ability to attract and retained qualified and experienced personnel.” 10-K for 2024
Illumina
Our summaryGRAIL publicly announced a corporate restructure including a reduction in headcount and planned hires, and a substantial decrease in certain R&D projects and investments.
Word for word“In August 2024, GRAIL publicly announced a corporate restructure, including a reduction in headcount and planned hires and a substantial decrease in certain R&D projects and investments.” 10-K for 2024
Estee Lauder
GoPro
Our summaryCompany approved a first quarter 2024 restructuring plan to reduce its global workforce by about 4% and close certain office space.
Word for word“In March 2024, we approved a restructuring plan to reduce operating costs and drive stronger operating leverage by reducing our global workforce by approximately 4% and closing certain office space.” 10-K for 2024
Albany International
Cisco
Irobot
Our summaryAs part of its 2024 operational restructuring plan, the company cut roughly 440 employees, about 40% of its global workforce.
Word for word“During fiscal 2024, we initiated an overall workforce reduction of approximately 440 employees, which represented 40% of our global workforce as of December 30, 2023.” 10-K for 2024
Our summaryThe 2024 restructuring plan drove higher restructuring and other expenses, including severance-related costs and other restructuring costs.
Word for word“The increase was driven by the 2024 operational restructuring plan which began in March 2024 and includes $22.2 million of severance-related costs as well as other restructuring costs of $11.7 million, $9.4 million of which was associated with the write-offs and material liabilities related to our core floorcare business.” 10-K for 2024
Jabil
Koppers
Our summaryThe company committed to a workforce reduction program at select U.S. locations, including voluntary and involuntary reductions, to streamline operations and cut costs; it ended in the fourth quarter of 2025.
Word for word“Workforce Reduction Program – In November 2024, we committed to a workforce reduction program across select U.S. locations, which was intended to streamline operations and reduce costs.” 10-K for 2025
Textron
Trinseo
Vroom
Our summaryVroom Automotive implemented a reduction in force as part of the Ecommerce Wind-Down, affecting 774 workers.
Word for word“Beginning in January 2024, the Company implemented significant workforce reductions in order to reduce costs and streamline the business.” 10-K for 2024
Warner Music Group
ADTRAN Holdings
Acco Brands
Adient
Agco
Alcoa
Apogee Enterprises
Arrow Electronics
Axalta Coating Systems
Bumble
Our summaryReduced the global workforce during 2024, along with significant changes in senior management.
Word for word“More generally, during 2024 we experienced other significant changes in senior management and reduced our global workforce by approximately 30%.” 10-K for 2024
Corteva
Crown Castle
Dentsply Sirona
Docusign
Domtar
Dropbox
Our summaryAnnounced a global workforce reduction of about 20% to streamline the team structure and align with long-term growth and profitability goals.
Word for word“In October 2024, the Company announced a global workforce reduction of approximately 20 % to streamline its team structure and better align with long-term growth and profitability objectives.” 10-K for 2025
Elanco Animal Health
Our summaryThe company incurred charges associated with the restructuring plan, the majority of which related to cash-based severance costs.
Word for word“We incurred $44 million of charges associated with the restructuring plan in 2024, the majority relating to cash-based severance costs.” 10-K for 2024
Electronic Arts
Emergent BioSolutions
Enphase
Our summaryRestructuring actions at the end of 2024 reduced headcount and lowered research and development personnel costs in 2025.
Word for word“The decrease was primarily due to actions in connection with the restructuring initiatives implemented at the end of 2024 that lowered personnel-related expenses due to a reduction in headcount by $7.7 million and lowered equipment, supplies and professional services costs by $4.6 million.” 10-K for 2025
Exelixis
Our summaryIn January 2024 the company adopted and carried out a restructuring plan to cut its workforce and rebalance its cost structure.
Word for word“In January 2024, our Board of Directors authorized, and we implemented, a corporate restructuring plan (the 2024 Plan) to reduce our workforce and rebalance our cost structure in alignment with our strategic priorities.” 10-K for 2026
Expedia Group
Our summaryCommitted in February 2024 to restructuring actions to recalibrate resources, which resulted in headcount reductions.
Word for word“In February 2024, we committed to restructuring actions to recalibrate resources as most of the Company’s organizational and technological transformation is now completed, which have resulted in headcount reductions.” 10-K for 2024
FMC
Five9
Our summaryAnnounced a reduction in force plan (the 2024 Plan) that cut global full-time employees by about 6%.
Word for word“On August 20, 2024, the Company announced a reduction in force plan (the “2024 Plan”) as part of its broader efforts to drive balanced, profitable growth, further supporting its positive, long-term outlook and focus on increasing stockholder value.” 10-K for 2025
Flex
Herbalife
Hershey
Ingevity
Intel
Intuit
JELD-WEN Holding
Keenova Therapeutics
Kenvue
Our summaryRestructuring expenses were recorded for global workforce reductions, management structure changes and shared-service transition under Our Vue Forward, including employee-related, IT and project-related, and other implementation costs.
Word for word“Restructuring expenses were $185 million for the fiscal twelve months ended December 29, 2024, driven by costs incurred under Our Vue Forward related to global workforce reductions, changes in management structure, and the transition to centralized shared-service functions in lower-cost locations, as we began strategic initiatives intended to enhance organizational efficiencies and better position Kenvue for future growth.” 10-K for 2024
Kimball Electronics
Kulicke & Soffa Industries
Leggett & Platt
Level 3 Parent
Our summaryReduced the workforce by about 7% in April 2024 as part of a transformation and cost reduction plan.
Word for word“During April 2024, we reduced our workforce by approximately 7 % as a part of our efforts to change our workforce composition to reflect our ongoing transformation and cost reduction opportunities that align with our shapeshifting and focus on our strategic priorities.” 10-K for 2024
LivaNova
Lucid
Our summaryAnnounced a 2024 restructuring plan involving a reduction of the employee workforce, substantially completed in 2024.
Word for word“On May 24, 2024, we announced a restructuring plan (the “2024 Restructuring Plan”) intended to optimize operating expenses in response to evolving business needs and productivity improvement through a reduction in workforce.” 10-K for 2024
Lumen Technologies
Lyft
Our summaryLyft reports that the 2024 reduction in headcount after the restructuring events lowered research and development, sales and marketing, and general and administrative personnel costs.
Word for word“The decrease was primarily due to decreases of $96.3 million in stock-based compensation and $62.9 million in personnel-related costs driven by a reduction in headcount after the restructuring events initiated in the third quarter of 2024 and in prior years.” 10-K for 2024
Macy's
Mativ Holdings
Maxlinear
Our summaryCompany completed a 2024 workforce reduction plan, initiated in July 2024, incurring restructuring costs including severance.
Word for word“In July 2024, the Company initiated a reduction of its workforce, or the 2024 Workforce Reduction.” 10-K for 2024
Our summaryCompany completed notifications to remaining affected employees under the 2023 Workforce Reductions and incurred further restructuring costs, mainly severance.
Word for word“In the year ended December 31, 2024, the Company completed notification to remaining affected employees of the 2023 Workforce Reductions, and incurred $ 23.5 million in restructuring costs, including $ 19.8 million in severance and related costs, or a cumulative total of $ 43.3 million pertaining to the 2023 Workforce Reductions.” 10-K for 2024
Our summaryCompany paid severance and other payments from the Workforce Reductions in 2024.
Word for word“in particular, in 2024, we collected accounts receivable of $177.6 million, which was partially offset by payments against our price protection liability of $44.6 million and severance and other payments from the Workforce Reductions of $34.5 million.” 10-K for 2024
Merck
Microchip Technology
Newell Brands
Novavax
Our summaryNovavax announced an additional reduction of its global workforce, comprising a further 9% cut in full-time employees with the rest from contractors and consultants, and expects the resulting workforce to be about 30% lower than at the end of Q1 2023.
Word for word“Additionally, in January 2024 we announced an additional 12% reduction of our global workforce, comprised of an additional 9% reduction in the Company's full-time employees and the remainder comprised of contractors and consultants.” 10-K for 2023
Omnicell
Oportun Financial
Our summaryThe filing refers to a reduction in force and other streamlining measures announced in 2023 and 2024 as a risk factor.
Word for word“developments relating to our reduction in force and other streamlining measures announced in 2023 and 2024; and • other risks and uncertainties described in these risk factors.” 10-K for 2024
PROG Holdings
Our summaryAnnounced continuation of prior cost reduction initiatives, including a reduction in workforce and office space consolidation.
Word for word“For example, in January 2024, we announced the continuation of our prior cost reduction initiatives, including a termination of certain independent sales agent agreements, a reduction in our workforce and office space reduction and consolidation.” 10-K for 2024
Pactiv Evergreen
Pfizer
Pitney Bowes
Qwest
Our summaryQwest reduced its workforce by approximately 3% as part of efforts to change workforce composition and pursue cost reduction.
Word for word“During April 2024, we reduced our workforce by approximately 3 % as a part of our efforts to change our workforce composition to reflect our ongoing transformation and cost reduction opportunities that align with our shapeshifting and focus on our strategic priorities.” 10-K for 2024
REV Group
Sage Therapeutics
Snap
Our summarySnap undertook a restructuring in the first quarter of 2024 to reduce hierarchy and concentrate team members in hub locations, cutting global headcount by about 10%; it was completed in the second quarter of 2024.
Word for word“In the first quarter of 2024, we announced a plan to reduce hierarchy and concentrate our team members in major hub locations to support in-person collaboration, resulting in the reduction of our global headcount by approximately 10 %.” 10-K for 2024
Sonos
Steris
TPI Composites
Our summaryRestructuring charges for 2024 were recorded mainly as severance, including increased severance at the Türkiye facilities and severance tied to the planned divestiture of the tooling business.
Word for word“The increase in restructuring charges, net for the year ended December 31, 2024, as compared to the same period in 2023 was primarily due to increased severance costs at our Türkiye facilities in the current period as part of our restructuring plan to rationalize our workforce in Türkiye in response to lower forecasted demand, as well as additional severance costs associated with the planned divestiture of our tooling business.” 10-K for 2024
Take Two Interactive Software
Toast
Our summaryToast announced the 2024 Restructuring Plan, which included a reduction in force and other actions to reorganize its facilities and operations.
Word for word“In February 2024, we announced a restructuring plan, or the 2024 Restructuring Plan, designed to promote overall operating expense efficiency, including a reduction in force and certain other actions to reorganize our facilities and operations.” 10-K for 2025
UiPath
Vir Biotechnology
Vishay Intertechnology
WK Kellogg
Wayfair
Our summaryWayfair recorded one-time severance and benefit costs in 2024 tied to a workforce reduction that took place in January 2024.
Word for word“During the year ended December 31, 2024, Wayfair incurred $79 million of charges consisting primarily of one-time employee severance and benefit costs associated with the January 2024 workforce reduction.” 10-K for 2025
Westlake
Whirlpool
eBay
Our summaryAnnounced a restructuring plan that included workforce reductions in January 2024, referenced as a past restructuring announcement in the risk factors.
Word for word“In addition, we have announced restructuring plans that include workforce reductions in the past, such as our announcement in, January 2024, and we may make similar announcements in the future.” 10-K for 2024
1-800-Flowers.com
Our summaryThe company recorded severance costs related to an enterprise reduction in workforce in fiscal 2024.
Word for word“General and administrative expense increased 4.7% during fiscal 2024, primarily due to higher labor costs attributable to a change in the value of the Company's NQDC Plan investments - refer to equal offset in "Other expense (income), net", as well as severance costs related to an enterprise reduction in workforce.” 10-K for 2025
AIG
Aaron's
Our summaryThe company completed a headcount reduction at its store support center and recognized severance charges.
Word for word“In January 2024, the Company completed a headcount reduction of its store support center to more closely align with current business conditions resulting in the recognition of $2.1 million in severance charges.” 10-K for 2023
AdaptHealth
Advantage Solutions
Our summaryAnnounced a cost savings program including a reduction-in-force (2024 RIF) to align cost structures with revenue levels, substantially completed in fiscal 2024.
Word for word“In September 2024, the Company announced a cost savings program to improve operational performance and align cost structures consistent with revenue levels associated with business changes, which includes termination benefits associated with a reduction-in-force substantially completed in fiscal year 2024.” 10-K for 2024
Affirm Holdings
Our summaryCompany reported a reduction in force that lowered payroll and personnel-related costs in sales and marketing expense.
Word for word“The decrease was primarily driven by a decrease of $26.0 million, or 37%, in payroll and personnel-related costs during the year ended June 30, 2024 compared to the same period in 2023, as a result of our reduction in force and cost management plans.” 10-K for 2024
Our summaryCompany reported a reduction in force that contributed to lower stock-based compensation and personnel costs in technology and data analytics expense.
Word for word“The decrease is primarily driven by a decrease of $138.1 million, or 39%, in stock-based compensation and payroll and personnel-related costs for the year ended June 30, 2024, compared to the same period in 2023, due to higher capitalized compensation costs related to internally-developed software and a reduction in force.” 10-K for 2024
Air Products & Chemicals
Albertsons Companies
Our summaryThe company reduced its workforce in the fourth quarter of fiscal 2024 and recorded employee termination costs as part of business transformation expense.
Word for word“(5) Includes costs associated with third-party consulting fees related to the Company's Customers for Life strategy and employee termination costs related to the Company's reduction in workforce during the fourth quarter of fiscal 2024.” 10-K for 2025
Alexandria Real Estate Equities
Our summaryGeneral and administrative expenses fell in 2025, mainly because of cost-control and efficiency initiatives that included a headcount reduction and restructured compensation plans.
Word for word“General and administrative expenses for the year ended December 31, 2025 decreased by $51.3 million , or 30.5% , to $117.0 million , compared to $168.4 million for the year ended December 31, 2024 , primarily due to cost-control and efficiency initiatives implemented since 2024, including reduction in headcount, restructuring of compensation plans, systems upgrades, and process improvements.” 10-K for 2025
Ally Financial
Our summaryAlly recorded restructuring charges associated with a workforce reduction, which drove an increase in noninterest expense.
Word for word“The increase for the year ended December 31, 2024, was primarily driven by higher insurance losses and loss adjustment expenses from our vehicle inventory insurance program and restructuring charges associated with a workforce reduction.” 10-K for 2024
Amcor
Amdocs
Americold Realty Trust
AppLovin
Our summaryThe company implemented workforce reduction measures in 2024, with restructuring charges for the Advertising and Apps segments, mostly one-time termination benefits.
Word for word“For the year ended December 31, 2024, the Company implemented certain workforce reduction measures, resulting in restructuring charges of $ 20.2 million for the Advertising segment and $ 5.7 million for the Apps segment.” 10-K for 2024
ArcelorMittal
Our summarySpain agreed a temporary layoff plan in late 2024 because of market conditions and extended it through 2025.
Word for word“In Spain, a temporary layoff plan was agreed upon in late 2024 due to market conditions and extended through 2025.” 20-F for 2025
Astec Industries
Avient
Our summaryThe company recorded charges for workforce reductions and plant closures during 2025, 2024 and 2023, driven by productivity initiatives and organizational changes.
Word for word“During the years ended December 31, 2025, 2024 and 2023, additional charges were recognized associated with workforce reductions and plant closures.” 10-K for 2025
Azek
Our summaryThe company recorded costs for workforce reductions in fiscal years 2024, 2023 and 2022, reported within other costs in its adjusted results.
Word for word“(5) Other costs reflect costs related to the Restatement of $5.9 million for fiscal year 2024, costs related to removal of dispensable equipment resulting from a modification of the Company's manufacturing process of $2.4 million for fiscal year 2024, reduction in workforce costs of $0.3 million, $0.5 million and $1.6 million for fiscal years 2024, 2023 and 2022, respectively, costs for legal expenses of $1.8 million, $0.3 million and $0.9 million for fiscal years 2024, 2023 and 2022, respectively, other costs of $0.7 million and $0.2 million for fiscal years 2024 and 2022, costs related to an incentive plan and other ancillary expenses associated with the initial public offering of $0.1 million for fiscal year 2022.” 10-K for 2024
BILL Holdings
Our summaryAnnounced a reduction in force affecting about 15% of global workforce and closed the Sydney, Australia office.
Word for word“During the second quarter of fiscal 2024, we announced a reduction in force (RIF) impacting approximately 15% of our global workforce and the closure of our Sydney, Australia office.” 10-K for 2024
BRC Group Holdings
Our summaryRestructuring charge recorded in 2024, primarily from reorganization and consolidation in the Communications and Consumer Products segments, consisting of reductions in workforce.
Word for word“The restructuring charges during the year ended December 31, 2024 were primarily related to reorganization and consolidation activities in the Communications segment and Consumer Products segment, which consisted of reductions in workforce.” 10-K for 2024
Bally's
Barnes & Noble Education
Bausch & Lomb
Belden
Benchmark Electronics
Our summaryCompany recognized restructuring charges in 2024 primarily related to capacity and workforce reductions at its Americas sites.
Word for word“During 2024, we recognized $6.3 million of restructuring charges primarily related to capacity and workforce reductions at our sites in the Americas.” 10-K for 2024
Block
Boeing
BrightView Holdings
Brinker International
Bristol Myers Squibb
C. H. Robinson Worldwide
Our summaryAnnounced a 2024 Restructuring Program to reduce cost structure, including a reduction in workforce, optimizing management hierarchy, and facilities consolidation.
Word for word“In 2024, we recognized restructuring charges of $ 45.7 million primarily related to workforce reductions, an impairment of internally developed software, and charges related to reducing our facilities footprint including early termination or abandonment of office buildings under operating leases.” 10-K for 2024
CVS Health
California Resources
Our summaryInitiated a workforce reduction after the Aera Merger, cutting combined headcount by 12% and recognizing a charge primarily for severance benefits.
Word for word“Following the closing of the Aera Merger, in August 2024 we initiated a workforce reduction to align the size and composition of our workforce with expected future operations and to capture synergies related to Aera Merger.” 10-K for 2024
Cardinal Health
Cencora
Our summaryIn fiscal 2024 the company recorded restructuring and severance costs, mainly for facility closures under its office optimization plan and workforce reductions in both segments.
Word for word“Restructuring and employee severance costs in fiscal 2024 primarily included expenses incurred related to facility closures in connection with the Company’s office optimization plan and workforce reductions in both of its reportable segments.” 10-K for 2025
ChampionX
Our summaryManagement approved 2024 restructuring plans in two segments to exit certain products, close facilities and reduce headcount, and recorded restructuring expense.
Word for word“During 2024, management approved restructuring plans within our Production & Automation Technologies segment and Production Chemical Technologies segment to optimize profitability, which includes the exit of certain products, facility closures, and reducing headcount across the organization to support the remaining business.” 10-K for 2024
Charles River Laboratories International
Our summaryThe company said it has cut total headcount by about 2% since the end of 2024 as part of restructuring and site consolidation.
Word for word“We have reduced our total headcount by approximately 2% since the end of 2024.” 10-K for 2025
Chemours
Chevron
Cirrus Logic
Our summaryCompany recorded net restructuring costs tied to a workforce reduction action taken in the second quarter of fiscal 2024.
Word for word“In fiscal year 2024, the Company recorded $2.0 million in net costs primarily related to a workforce reduction action taken in the second quarter of fiscal year 2024.” 10-K for 2025
Commvault Systems
Compass Minerals International
Our summaryThe company recorded severance and related charges for reductions in workforce, changes to executive leadership, and restructuring costs tied to ending its lithium development project, as part of aligning its cost structure to business needs.
Word for word“(e) The Company continued to take steps to align its cost structure to its current business needs. These initiatives impacted Corporate and Other operating results and resulted in net severance and related charges, excluding stock-based compensation forfeitures, for reductions in workforce, changes to executive leadership and additional restructuring costs related to the termination of the Company’s lithium development project recorded in Other operating (income) expense of $ 4.3 million, $ 15.8 million and $ 5.5 million for the fiscal years ended September 30, 2025, September 30, 2024 and September 30, 2023, respectively.” 10-K for 2025
Conns
Container Store Group
Cooper-Standard
Our summaryRestructuring expense in 2024 primarily consisted of employee separation costs tied to workforce reduction initiatives, plus plant closures in Europe and North America.
Word for word“Restructuring expense for the year ended December 31, 2024 primarily consisted of employee separation costs related to workforce reduction initiatives aimed at optimizing the Company’s cost structure.” 10-K for 2024
Corning
Coupang
Our summaryThe company carried out restructuring actions tied to the Farfetch acquisition, cutting headcount and exiting leases and licensing agreements.
Word for word“Throughout 2024 and 2025, we undertook restructuring actions to reduce headcount and exit leases and licensing agreements associated with Farfetch.” 10-K for 2025
Crane NXT
Our summaryInitiated workforce reductions in the Crane Payment Innovations segment in response to challenging industry conditions, with severance charges booked in 2024.
Word for word“In the first and fourth quarters of 2024, in response to challenging industry conditions, we initiated workforce reductions in CPI, incurring $ 10.1 million of cumulative severance charges, net through December 31, 2024.” 10-K for 2024
Cricut
Cummins
CyberArk Software
Dana
Our summaryAnnounced actions to consolidate certain manufacturing facilities and global headcount reductions focused on engineering and overhead costs, in response to market dynamics including delays in electric vehicle adoption.
Word for word“During 2024, we announced actions to consolidate certain manufacturing facilities along with global headcount reductions focused on reducing engineering and overhead costs in response to market dynamics, including delays in the adoption of electric vehicles.” 10-K for 2024
Deere (John Deere)
Our summaryDeere recognized pension curtailment expense tied to layoffs of U.S. hourly employees in 2025 and 2024.
Word for word“During 2025 and 2024, curtailment expense of $ 18 and $ 35 , respectively, was recognized related to U.S. hourly employee layoffs.” 10-K for 2025
Deere John Capital
Our summaryThe company conducted a reduction in workforce in fiscal year 2024.
Word for word“While we strive to reduce the impact of the departure of employees, our operations or ability to execute our business strategy may be affected by the loss of employees, such as in connection with the reduction in workforce we conducted in fiscal year 2024.” 10-K for 2024
Delek US Holdings
Dell
Our summaryDell recorded severance expense for workforce reduction activities in each of the last three fiscal years.
Word for word“During Fiscal 2026, Fiscal 2025, and Fiscal 2024, we recognized $0.6 billion, $0.7 billion, and $0.6 billion, respectively, of severance expense related to workforce reduction activities.” 10-K for 2026
Designer Brands
Donaldson
Donnelley Financial Solutions
Douglas Elliman
Our summaryThe company recorded restructuring expense, mainly employee severance and benefits tied to staff reductions, in 2025 and 2024.
Word for word“(y) Restructuring : Restructuring expense primarily consists of employee severance and benefits expensed for the years ended December 31, 2025 and 2024 associated with the reduction in staff and are cash charges.” 10-K for 2025
Dover
Our summaryRestructuring charges of $69.8 million in 2024, primarily for headcount reductions and product line and other exit costs in the Clean Energy & Fueling and Climate & Sustainability Technologies segments, with programs initiated in 2023 and 2024.
Word for word“During the year ended December 31, 2024, restructuring charges of $69.8 million were primarily related to headcount reductions and product line and other exit costs in the Clean Energy & Fueling and Climate & Sustainability Technologies segments.” 10-K for 2024
Duke Energy
Dun & Bradstreet Holdings
Eastman Chemical
Edison International
Our summarySCE recorded severance costs due to current and probable reductions in workforce, net of expected FERC recovery.
Word for word“Severance costs of $50 million ($36 million after-tax), net of expected FERC recovery, recorded in 2024 due to current and probable reductions in workforce.” 10-K for 2024
Our summarySCE recorded estimated severance costs from current and probable reductions in workforce, shown in operation and maintenance expense.
Word for word“As a result of current and probable reductions in workforce, SCE recorded estimated severance costs of $ 53 million for the year ended December 31, 2024.” 10-K for 2024
Elastic
Our summaryInitiated a plan to realign business and strategic priorities that reduced the workforce.
Word for word“During the three months ended April 30, 2024, we initiated a plan to realign business and strategic priorities which resulted in a reduction of our workforce.” 10-K for 2024
Elbit Systems
Embecta
Enbridge
Our summaryThe company had a workforce reduction in February 2024 and recorded severance costs for it; these costs did not recur in 2025.
Word for word“• the absence in 2025 of $105 million severance costs as a result of a workforce reduction in February 2024.” 10-K for 2025
Energy Co of Parana
Our summaryPersonnel expenses fell in 2024 partly due to a reduction in workforce in 2024, alongside the 2023 PDV provision.
Word for word“Our personnel and management expenses decreased by 1.1% or R$31.2 million, reflecting primarily the compensation for the second additional third of vacation for the withdrawal of benefits from the Collective Labor Agreement (CLA), amounting to R$ 138.0 million, and the provision for the Voluntary Dismissal Program (PDV) of R$ 610.0 million, both in 2023, in addition to the reduction in workforce in 2024, partially offset by the increase in administrators' fees in 2024, the salary adjustment resulting from the collective labor agreement of 4.51% in October 2023, and the provision of R$ 15.6 million related to the impacts of the CLA 2024 approved in 2025; 3) Third-Party Services .” 20-F for 2024
Enviri
Equinix
Esab
Etsy
Our summaryReverb completed a reduction in force of about 18% of its workforce.
Word for word“Given the continued pressure on GMS, Reverb completed an approximately 18% reduction in force in September 2024.” 10-K for 2024
Evercore
Everpure
Extreme Networks
Our summaryQ3 2024 Plan: a global reduction-in-force targeting research and development and sales and marketing functions.
Word for word“During the third quarter of fiscal 2024, the Company executed a global reduction-in-force plan targeted towards the reorganization of the Company's research and development and sales and marketing functions to align the Company's workforce with its strategic priorities and to focus on specific geographies and industry segments with higher growth opportunities (the “Q3 2024 Plan”).” 10-K for 2025
Our summaryQ2 2024 Plan: a global reduction-in-force to rebalance the workforce and reduce ongoing operating expenses.
Word for word“During the second quarter of fiscal 2024, the Company executed a global reduction-in-force plan to rebalance its workforce to create greater efficiency and improve execution, in alignment with the Company's business and strategic priorities, while reducing its ongoing operating expenses to address reduced revenue and macro-economic conditions (the “Q2 2024 Plan”).” 10-K for 2025
F5
Our summaryIn the first quarter of fiscal 2024, F5 initiated a restructuring plan that included a reduction in force program, recording a restructuring charge.
Word for word“In the first quarter of fiscal 2024, the Company initiated a restructuring plan to match strategic and financial objectives and optimize resources for long-term growth, including a reduction in force program.” 10-K for 2024
Our summaryF5 reported a reduction in personnel costs in sales and marketing, driven by a workforce reduction under the third quarter fiscal 2023 restructuring plan.
Word for word“The decrease in sales and marketing expense for fiscal year 2024 was primarily due to a decrease of $34.8 million in personnel costs, largely driven by a reduction in workforce as part of the third quarter of fiscal 2023 restructuring plan.” 10-K for 2024
Our summaryF5 reported a reduction in personnel costs in research and development, driven by workforce reductions under the first quarter fiscal 2024 and third quarter fiscal 2023 restructuring plans.
Word for word“The decrease in research and development expense for fiscal year 2024 was primarily due to a decrease of $36.7 million in personnel costs, largely driven by reductions in workforce as part of the first quarter of fiscal 2024 and third quarter of fiscal 2023 restructuring plans.” 10-K for 2024
Fabrinet
Flowers Foods
Our summaryIn April 2024 the company announced a cost savings program including a reduction-in-force with employee termination benefits; RIF costs of $7.4 million were incurred in Fiscal 2024 and $7.3 million were paid.
Word for word“In April 2024, the company announced a cost savings program to improve operational performance, which included employee termination benefits associated with a reduction-in-force ("RIF") and other expense optimization initiatives.” 10-K for 2024
Fluor
Our summaryNuScale announced austerity measures to reduce costs, including a workforce reduction, expected to lessen NuScale's losses in future periods.
Word for word“In January 2024, NuScale announced austerity measures to reduce cost including a workforce reduction, which is expected to lessen NuScale's losses in future periods.” 10-K for 2023
Ford
Our summaryFord is continuing to cut its global workforce and take other restructuring steps, including salaried separations announced in 2023 and 2024 and separation packages offered to some hourly workers in 2024.
Word for word“In addition, we are continuing to reduce our global workforce and take other restructuring actions, including the separation of salaried workers as announced during 2023 and 2024 and separation packages offered to certain members of our hourly workforce during 2024.” 10-K for 2024
Franklin Electric
Our summaryThe company said restructuring actions in 2024 were primarily related to headcount reductions and facility closures to optimize its cost structure.
Word for word“Restructuring actions in 2024 were primarily related to headcount reductions and facility closures to optimize the Company's cost structure.” 10-K for 2024
Frontdoor
Frontier Communications Parent
Our summaryThe company recorded restructuring charges and other costs for 2024, including severance from workforce reductions, special pension and retiree benefit enhancements for a voluntary separation program, and Verizon merger costs.
Word for word“During 2024, we incurred $ 124 million in restructuring charges and other costs consisting of $ 31 million of severance and employee costs resulting from workforce reductions, $ 12 million in pension/OPEB special termination benefit enhancements related to a voluntary separation program, and $ 81 million of costs associated with the Verizon merger and other restructuring activities.” 10-K for 2024
GE HealthCare Technologies
Gentex
Gilead Sciences
Our summaryGilead recorded restructuring charges in 2025 and 2024 mainly for workforce reductions.
Word for word“In 2025 and 2024, we incurred restructuring charges primarily related to reductions in our workforce.” 10-K for 2025
Global Business Travel Group
Global Payments
GoDaddy
Our summaryCost optimization initiatives in 2024 included reductions in headcount, along with lower rent and utilities and data center costs.
Word for word“During the year ended December 31, 2024, the Company engaged in cost optimization initiatives, including reductions in headcount, decreases in rent and utilities expenses, and reductions in costs associated with data center and systems infrastructure as we continue to migrate to a cloud-based infrastructure.” 10-K for 2024
Graftech International
Green DOT
Our summaryGreen Dot initiated a reduction in workforce affecting about 10% of its global employees, intended to improve cost structure and streamline operations.
Word for word“In February 2024, we initiated a reduction in workforce that impacted approximately 10 % of our global employees.” 10-K for 2023
H&R Block
Halliburton
Hanesbrands
Hayward Holdings
Our summaryReduction-in-force within the E&RW segment, with termination benefits recorded as an adjustment.
Word for word“Further, other adjustments for the year ended December 31, 2024 include $1.1 million of transaction and integration costs associated with the acquisition of the ChlorKing business, $0.9 million of termination benefits related to a reduction-in-force within E&RW, $0.8 million of separation and other costs associated with the centralization and consolidation of operations in Europe and $0.4 million of costs to finalize restructuring actions initiated in prior years.” 10-K for 2024
Healthpeak Properties
Heidrick & Struggles International
Our summaryThe company put in place a 2024 restructuring plan that cut its workforce to improve future growth and profitability.
Word for word“During the year ended December 31, 2024, the Company implemented a restructuring plan (the "2024 Plan") to optimize future growth and profitability through a workforce reduction.” 10-K for 2024
Honeywell International
Howmet Aerospace
Our summaryRestructuring and other charges in 2024 included a $10 charge for layoff costs.
Word for word“Restructuring and other charges in 2024 consisted primarily of a $13 net loss on the sale of a small U.K. manufacturing facility in Engineered Structures and $10 charge for layoff costs.” 10-K for 2024
Hyster-yale
IDT
ITT
Ichor Holdings
Our summaryThe company reports operating-income severance costs tied to its global reduction-in-force programs, plus a facility exit and consolidation of one U.S.-based manufacturing facility in 2024.
Word for word“(2) Represents severance costs associated with our global reduction-in-force programs, and, for 2024, the amount includes $0.5 million of costs incurred in connection with exiting and consolidating one of our U.S.-based manufacturing facilities.” 10-K for 2024
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Ingersoll Rand
Interface
Our summaryThe filing reports lower severance costs in 2024 than the prior year, linked to a headcount reduction and cost saving initiatives taken in 2023.
Word for word“Consolidated SG&A expenses increased $9.5 million (2.8%) in 2024 compared to 2023, primarily due to higher people costs of $15.7 million driven by increased variable compensation as a result of higher operating income compared to 2023, partially offset by lower severance costs of $5.6 million driven by employee headcount reduction and cost saving initiatives in the prior year period.” 10-K for 2024
Interpublic Group of Companies
JBT Marel
Our summaryCompany recorded severance and related expense within its 2022/2023 restructuring plan, with a portion released as liability no longer expected to be paid due to severance payments differing from estimates and natural attrition.
Word for word“The Company released $ 1.2 million of the liability during the year ended December 31, 2024 which it no longer expects to pay in connection with the restructuring plans due to actual severance payments differing from the original estimates and natural attrition of employees.” 10-K for 2024
Jetblue Airways
Kaman
Our summaryExpects pre-tax restructuring charges for the transformation initiatives, mostly for headcount reduction and personnel costs, with about $25.0 million of annualized savings by 2024.
Word for word“In connection with these restructuring actions, the Company currently expects to incur approximately $10.0 to $12.0 million in total pre-tax restructuring charges, consisting of approximately $9.0 to $10.0 million of cash expenditures relating to various headcount reduction and personnel initiatives and approximately $1.0 to $2.0 million of cash expenditures relating to facility closing costs, which we anticipate will generate approximately $25.0 million in total annualized costs savings by 2024.” 10-K for 2023
Kodak
Kontoor Brands
Kronos Worldwide
Our summaryClosed the sulfate process line, recording charges for workforce reductions for affected employees.
Word for word“As a result of the sulfate process line closure, we recognized charges to cost of sales in 2024 of approximately $ 2 million related to workforce reductions for employees impacted and approximately $ 14 million in non-cash charges primarily related to accelerated depreciation.” 10-K for 2024
Labcorp
Lands' End
Lazard
Lear
Levi's
Our summaryCompany began a global productivity initiative, first phase planned to cut 10% to 15% of global corporate positions, with restructuring charges expected in the first quarter of 2024.
Word for word“The first phase of the global productivity initiative is expected to occur in the first half of 2024 and is expected to include a 10 - 15% reduction in positions within our global corporate workforce.” 10-K for 2023
Linde
Lockheed Martin
Louisiana-pacific
MSC Industrial Direct
Marvell Technology
Masimo
Our summaryIn fiscal 2024, the company recorded strategic realignment charges in research and development expenses, mainly severance for workforce reductions and write-offs of capitalized costs for projects no longer supported.
Word for word“Included within research and development expenses for the year ended December 28, 2024, was certain strategic realignment initiative charges of $36.0 million, primarily consisting of severance packages related to workforce reductions, the write off of capitalized research and development costs for projects and products that are no longer being supported and/or expected to be brought to market.” 10-K for 2026
Matrix Service
Matthews International
McKesson
Medifast
Micron Technology
Middleby
Our summaryThe company said its restructuring expenses in fiscal 2025 and fiscal 2024 were mainly for headcount reductions and facility consolidations in both segments.
Word for word“Restructuring expenses in fiscal 2025 and fiscal 2024 related primarily to headcount reductions and facility consolidations within both segments.” 10-K for 2026
Our summaryThe company said fiscal 2024 restructuring expenses were mainly for headcount reductions and facility consolidations in both segments.
Word for word“Restructuring expenses in fiscal 2024 related primarily to headcount reductions and facility consolidations within both segments.” 10-K for 2026
Minerals Technologies
Mission Produce
Modine Manufacturing
Mohawk Industries
Our summaryIn 2024 the company announced further restructuring actions, including additional facility, asset and product rationalizations and workforce reductions, expected to deliver annual savings of about $140 million at an estimated cost of about $140 million.
Word for word“In 2024, the Company announced further restructuring actions, including additional facility, assets and product rationalizations and workforce reductions to further reduce costs and improve the business for the future.” 10-K for 2024
Morningstar
Nasus Pharma
Neighborhood Intelligence
Our summaryTechnology expenses fell in 2024 mainly from lower staff-related costs, partly offset by one-time restructuring costs.
Word for word“The $2.6 million decrease in technology expenses for the year ended December 31, 2024, as compared to the same period in 2023, was primarily due to a reduction in staff-related expenses, partially offset by one-time restructuring costs.” 10-K for 2024
Our summaryGeneral and administrative expenses fell in 2024 mainly from lower staff-related and third-party costs, partly offset by one-time restructuring costs.
Word for word“The $16.0 million decrease in general and administrative expenses for the year ended December 31, 2024, as compared to the same period in 2023, was primarily due to a reduction in staff-related and third-party expenses, partially offset by one-time restructuring costs.” 10-K for 2024
Nektar Therapeutics
Our summaryCompany stated it does not expect to recognize further severance expense under the 2022 or 2023 Restructuring Plans in 2024.
Word for word“We do not expect to recognize any further severance expense under the 2022 or 2023 Restructuring Plans in 2024.” 10-K for 2023
NetApp
Our summaryExecuted two restructuring plans in fiscal 2024 to redirect resources and reduce costs, including a global workforce reduction of about 1% under each plan, with charges mainly for employee severance and lease terminations.
Word for word“During fiscal 2024, we executed two restructuring plans and recognized expenses totaling $44 million consisting primarily of employee severance-related costs and lease termination costs.” 10-K for 2024
NeueHealth
New York Times
Nice
Nordson
Northern Trust
ODP
OSI Systems
Okta
Our summaryOkta also recorded lease impairments and severance for separate small workforce reductions as other charges in fiscal 2024.
Word for word“Other charges during fiscal 2024 included $ 28 million in lease impairments and $ 4 million in severance for separate insignificant workforce reductions.” 10-K for 2026
OneWater Marine
Our summaryCarried out a restructuring plan (the 2024 Restructuring) that reduced headcount and retail locations, cancelled certain dealer agreements, and cancelled certain in-process IT projects.
Word for word“During the year ended September 30, 2024, we evaluated our operations and underwent a restructuring plan (the "2024 Restructuring"), which resulted in the reduction of headcount and retail locations, cancellation of certain dealer agreements, and the cancellation of certain in-process information and technology related projects.” 10-K for 2024
Our summaryRecognized restructuring and impairment charges tied to aligning the cost structure, including a reduction of headcount and retail locations.
Word for word“During the year ended September 30, 2024, we recognized restructuring and impairment charges of $12.4 million as a result of proactive changes to better align our cost structure with the normalization of sales and margins which resulted in a reduction of headcount and retail locations, cancellation of certain dealer agreements, and the cancellation of certain in-process information and technology ("IT") related projects.” 10-K for 2024
Opendoor Technologies
Our summaryThe company explained that its 2024 restructuring expense rose because of the reduction in force announced in November 2024, plus lease terminations and consulting fees.
Word for word“The increase was attributable to the Company’s reduction in force announced on November 7, 2024 as well as the termination of certain non-cancelable leases and consulting fees incurred during the restructuring process.” 10-K for 2025
Oracle
Our summaryOracle recorded restructuring expenses in fiscal 2025 and 2024, mainly employee severance under its Fiscal 2024 Oracle Restructuring Plan.
Word for word“(3) Restructuring expenses in fiscal 2025 and 2024 primarily related to employee severance in connection with the Fiscal 2024 Oracle Restructuring Plan (2024 Restructuring Plan).” 10-K for 2025
Organon
Ovintiv
Our summaryOvintiv undertook a plan to reduce its workforce by about 10 percent as part of a corporate reorganization.
Word for word“In October 2024 , Ovintiv undertook a plan to reduce its workforce by approximately 10 percent as part of a corporate reorganization.” 10-K for 2024
PC Connection
PTC Therapeutics
Our summarySubstantially completed the workforce reduction.
Word for word“We substantially completed the reduction in workforce in January 2024.” 10-K for 2023
Paccar
Pagaya Technologies
Our summaryReduced headcount by over 20% across Israel and U.S. offices to streamline operations and cut costs.
Word for word“During the first and second quarters of 2024, we reduced our headcount by over 20% across our Israel and U.S. offices.” 10-K for 2024
Paysafe
Peabody Energy
Our summaryThe company recorded restructuring charges for 2025, 2024 and 2023, mostly for voluntary and involuntary workforce reductions.
Word for word“Included as a component of “Restructuring charges” in the Company’s consolidated statements of operations for the years ended December 31, 2025, 2024 and 2023 were aggregate restructuring charges of $ 9.5 million, $ 4.4 million and $ 3.3 million, respectively, primarily associated with voluntary and involuntary workforce reductions.” 10-K for 2025
Pediatrix Medical Group
Our summaryCompany recorded an expense line for severance and lease impairment tied to position eliminations across various shared services and operations departments.
Word for word“The expenses during 2024 reflect lease impairment and severance expenses resulting from our practice portfolio management activities, revenue cycle management transition activities, and position eliminations across various shared services and operations departments.” 10-K for 2024
Pegasystems
Our summaryThe company reported a reduction in selling and marketing compensation due to reduced headcount from optimizing its go-to-market strategy.
Word for word“The decrease in selling and marketing in 2024 was primarily due to a decrease in compensation and benefits of $27.8 million due to reduced headcount from the optimization of our go-to-market strategy.” 10-K for 2024
Peloton Interactive
Penguin Solutions
Our summaryThe company recorded restructuring charges for fiscal 2026, 2025 and 2024, mainly severance and benefits from workforce reductions, project eliminations and the wind down of Penguin Edge, and expects more such charges.
Word for word“Other operating expense in 2026, 2025, and 2024 included restructuring charges of $11.2 million , $2.1 million, and $7.1 million , respectively, primarily for employee severance costs and other benefits resulting from workforce reductions, the elimination of certain projects across our businesses and other costs associated with the wind down of our Penguin Edge business.” 10-K for 2026
Pentair
Our summaryPentair recorded a pension settlement and curtailment tied to a headcount reduction in one of its pension plans as part of transformation initiatives.
Word for word“(1) The settlement and curtailment in 2024 related to a reduction in headcount in one of our pension plans as a result of ongoing transformation initiatives.” 10-K for 2024
People
Our summaryThe company restructured its print business, including reductions in force in the third quarter of 2025 and the fourth quarter of 2024.
Word for word“In response to these trends, we have reduced our exposure to print by eliminating the print component for certain brands, reducing circulation for others, and implementing restructuring actions, including reductions in force during the third quarter of 2025 and the fourth quarter of 2024.” 10-K for 2025
Phinia
Our summaryRecorded restructuring costs for individually approved actions that mainly reduced headcount in the Fuel Systems segment.
Word for word“For the years ended December 31, 2024, 2023, and 2022, the Company recorded $ 14 million, $ 12 million and $ 11 million, respectively, of restructuring costs for individually approved restructuring actions that primarily related to reductions in headcount in the Fuel Systems segment.” 10-K for 2024
Planet Fitness
Our summaryThe company carried out a reduction in force in 2024, with severance expenses recorded for it.
Word for word“(2) Represents severance related expenses recorded in connection with a reduction in force in 2024 and the elimination of the President and Chief Operating Officer position in 2023.” 10-K for 2024
Playtika Holding
Pricesmart
Primo Brands
ProFrac Holding
ProPetro Holding
QVC Group
Our summaryQVC recorded a 2024 loss tied to the IT operating model shift, which carried a workforce reduction.
Word for word“For the year ended December 31, 2024, the loss related to the shift in QVC’s IT operating model with a resulting workforce reduction.” 10-K for 2024
QXO Building Products
Our summaryThe company reduced its headcount at the end of the third quarter of 2024 in response to market conditions, as part of an operating cost reduction initiative.
Word for word“At the end of the third quarter of 2024, in response to market conditions, we reduced headcount.” 10-K for 2024
Quad/Graphics
Quest Diagnostics
Our summaryCompany recorded pre-tax net charges primarily tied to workforce reductions and integration costs from further restructuring.
Word for word“Results for the year ended December 31, 2024 were affected by certain items that on a net basis decreased diluted earnings per share by $1.24 as follows: • pre-tax amortization expense of $127 million recorded in amortization of intangible assets or $0.84 per diluted share; • pre-tax net charges of $62 million ($27 million recorded in cost of services and $37 million recorded in selling, general and administrative expenses, partially offset by a $2 million gain recorded in other operating expense, net), or $0.42 per diluted share, primarily associated with workforce reductions and integration costs incurred in connection with further restructuring and integrating our business;” 10-K for 2024
RED Robin Gourmet Burgers
Our summaryCompany incurred severance and executive transition costs primarily related to a reduction in force of Team Members and changes in leadership positions.
Word for word“During fiscal 2024, 2023, and 2022, the Company incurred severance and executive transition costs primarily related to a reduction in force of Team Members and costs associated with changes in leadership positions.” 10-K for 2024
RadNet
Regis
Our summaryThe company executed a workforce reduction in August 2024, which it expects to lower salary and wage expenses while partly offset by severance expense and reinvestment in the business.
Word for word“SUBSEQUENT EVENTS: Workforce Reduction: In August 2024, the Company executed a workforce reduction.” 10-K for 2024
Ryerson Holding
Our summaryRecorded restructuring charges related to severance costs for headcount reductions as part of optimizing the operating model and improving productivity.
Word for word“In 2024, we recorded restructuring charges of $3.1 million, related to severance costs for headcount reductions as we work on optimizing our operating model and improving productivity.” 10-K for 2024
SPX Technologies
Sabre
Salesforce
Our summaryThe company recorded restructuring charges in fiscal 2026, 2025 and 2024, mostly for workforce reductions, plus data center exits and office space reductions.
Word for word“The Company recognized $ 586 million, $ 461 million and $ 988 million in restructuring charges during fiscal 2026, 2025, and 2024 respectively, which were primarily comprised of workforce reductions that include charges for employee transition, severance payments, employee benefits and stock-based compensation, as well as charges for data center exits and office space reductions.” 10-K for 2026
Scholastic
Schwab Charles
Our summarySchwab said lower headcount in 2024 resulted from position eliminations tied to its restructuring and the Ameritrade integration, which reduced total compensation and benefits.
Word for word“Total compensation and benefits decreased in 2024 from 2023 primarily due to restructuring costs recognized in 2023, as well as lower headcount as a result of position eliminations from the restructuring and Ameritrade integration.” 10-K for 2025
Science Applications International
Scotts Miracle-gro
Our summaryThe company made strategic reductions in its workforce during fiscal 2024, fiscal 2023 and fiscal 2022 as part of ongoing organizational changes intended to create efficiencies.
Word for word“During fiscal 2024, fiscal 2023 and fiscal 2022, we undertook strategic reductions in our workforce as part of an on-going series of organizational changes and initiatives intended to create operational and management-level efficiencies.” 10-K for 2024
Seagate Technology Holdings
Our summaryCompany made cash payments primarily for workforce reduction costs under its restructuring plans, and reported remaining future restructuring payments.
Word for word“During the fiscal year ended June 28, 2024, we made cash payments of $116 million, primarily related to workforce reduction costs under our restructuring plans.” 10-K for 2024
Select Water Solutions
SelectQuote
Service Corp International
Our summaryThe company recorded a restructuring charge in 2024 that covered retirements and position eliminations in home office and corporate roles as part of ongoing cost management.
Word for word“In 2024, we recognized a restructuring charge of $11.5 million, which included the retirements and position eliminations of various home office and corporate positions as part of ongoing cost management.” 10-K for 2025
Smith A O
Smurfit Westrock
Southwest
Our summaryThe company offered a voluntary separation program to certain employees in 2024 and carried out a workforce reduction in 2025, as it moderated staffing in line with demand.
Word for word“As a result, the Company offered a voluntary separation program to certain Employees in 2024, and the Company implemented a reduction in workforce in 2025.” 10-K for 2025
SpartanNash
Spotify
Our summaryAccrued severance costs from the December 2023 reduction in force were settled by the end of 2024, with no similar material reorganization events in 2024.
Word for word“As of December 31, 2024, we had substantially settled our obligations related to the reduction in force.” 20-F for 2024
Stepan
Stericycle
Our summaryThe company recorded about $6 million of severance charges for a workforce reduction, mainly in its North America and International segments.
Word for word“In February 2024, the Company recognized approximately $6 million of Operational Optimization severance charges, primarily within our North America and International segments, related to workforce reduction.” 10-K for 2023
Stride
Our summaryThe company reduced its workforce, with severance expense recorded in each of the fiscal years 2024, 2023 and 2022.
Word for word“During the years ended June 30, 2024, 2023 and 2022, the Company reduced its workforce, resulting in severance of $ 4.6 million, $ 3.4 million and $ 3.7 million, respectively.” 10-K for 2024
Super Group (SGHC)
Our summaryThe company stated that overall efficiencies in cost during 2024 were due to a reduction in total headcount, without giving a number.
Word for word“Overall we have seen significant efficiencies achieved throughout the year ended December 31, 2024 in cost, due to a reduction in total headcount.” 20-F for 2024
Symbotic
Thermo Fisher
Our summaryRestructuring charges for headcount reductions and facility consolidations were recorded, with annual cost savings expected mainly from lower employee and facility expenses.
Word for word“We estimate that charges for restructuring and related actions incurred for headcount reductions and facility consolidations, which resulted in charges of approximately $0.3 billion in 2024 and $0.3 billion in 2023, will realize annual cost savings of approximately $0.2 billion and $0.6 billion, respectively, primarily due to reduced employee and facility expenses.” 10-K for 2024
Thryv Holdings
Timken
TransUnion
Trinet Group
TripAdvisor
US Foods Holding
Our summaryThe company incurred net restructuring costs in fiscal 2024, mainly tied to initiatives to improve operational effectiveness and workforce reductions.
Word for word“During fiscal year 2024, the Company incurred net restructuring costs of $ 22 million primarily related to initiatives to improve operational effectiveness and workforce reductions.” 10-K for 2024
Unisys
Uniti
V F
Verint Systems
Our summaryHeadcount was reduced, mainly because the company divested its manual quality managed services business.
Word for word“The majority of the headcount reduction during the year ended January 31, 2024 was related to the divestment of our services business for manual quality managed services.” 10-K for 2024
Verizon
Our summaryVerizon recorded severance charges for its voluntary separation program for select U.S.-based management employees and other headcount reduction initiatives.
Word for word“During 2024, we recorded pre-tax severance charges of $1.7 billion, related to separations under our voluntary separation program for select U.S.-based management employees as well as other headcount reduction initiatives.” 10-K for 2024
Vestis
Our summaryDuring fiscal 2024 the company approved headcount reductions to streamline operational and administrative functions, recording severance charges within SG&A.
Word for word“During fiscal 2024, the Company approved headcount reductions to streamline and improve the efficiency and effectiveness of operational and administrative functions.” 10-K for 2024
Vontier
Our summaryThe company said its restructuring activities in 2025, 2024 and 2023 aimed at operational efficiency through targeted workforce reductions and facility consolidations and closures.
Word for word“The nature of restructuring and related activities initiated in the years ended December 31, 2025, 2024 and 2023 focused on improvements in operational efficiency through targeted workforce reductions and facility consolidations and closures.” 10-K for 2025
Waters
Our summaryThe company paid severance-related costs during 2024 for the March 2024 and July 2023 workforce reductions.
Word for word“During 2024, the Company paid $ 15 million of severance-related costs in connection with the workforce reduction that occurred in March 2024 and July 2023.” 10-K for 2025
Wells Fargo
West Pharmaceutical Services
Wix.com
Xpo
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
Xylem
ZoomInfo Technologies
monday.com
These lists cover the companies Stratrix follows: those that file with the SEC and had $1 billion or more in yearly revenue in at least one year since 2016. This one shows what they reported to the SEC, not news reports or state layoff notices; many announced layoffs never appear in a filing. Data as of October 23, 2026.
More lists: AI layoffs · Acquisitions in 2024 · Most-named competitors. How every line is checked: our methods.