Pitney Bowes Moves Connecticut Headquarters from Stamford to Shelton After Century-Long Run

Mailing and shipping technology giant Pitney Bowes has relocated its corporate headquarters from Stamford to Shelton, ending more than a century of operations in Connecticut’s second-largest city, according to the company’s latest annual report and regulatory filings.

The headquarters move took effect Jan. 1, 2026, according to Pitney Bowes’ annual filing with the U.S. Securities and Exchange Commission. The company established its new corporate address at 27 Waterview Drive in Shelton, where it already maintained existing operations.

Pitney Bowes had operated its previous headquarters at 3001 Summer St. in Stamford since early 2014, according to the SEC filing. The company disclosed it decided in the fourth quarter of 2025 to close that corporate office, effective Dec. 31, 2025, recording a $7 million abandonment charge as a result of the move.

The relocation marks the end of a 106-year presence in Stamford, where Pitney Bowes had been headquartered since its founding in 1920. Before moving to Summer Street, the company operated from its longtime corporate campus on Elmcroft Road, which it sold just over a decade ago, according to company records.

The headquarters shift comes as Pitney Bowes continues a multiyear restructuring aimed at lowering costs and strengthening its balance sheet amid declining demand for traditional mail-related products and evolving shipping and mailing needs, according to the company’s annual report.

CEO Kurt Wolf described the headquarters move as part of broader efforts to simplify the company’s structure and streamline operations in a recent letter to shareholders. He characterized the relocation as aligning with a “cultural reset” within the organization, according to the shareholder communication.

The company, which provides mailing and shipping technology, postage meters, shipping software, mail-sorting services, and related financial offerings for business customers, reported challenging financial results for 2025. Fourth-quarter revenue totaled $478 million, down 7% from the year-ago period, according to the annual report. For the full year, revenue declined 7% to $1.89 billion.

Despite the revenue decline, Pitney Bowes posted net income of $27 million for the fourth quarter, compared with a loss a year earlier, according to the filing. Full-year net income reached $145 million.

The company highlighted capital allocation and debt reduction as priorities during the quarter. Pitney Bowes repurchased 12.6 million shares for $127 million and reduced principal debt by $114 million, according to the SEC filing.

Pitney Bowes has undergone significant workforce reductions in recent years alongside its restructuring efforts. The company reported approximately 11,000 employees in 2023, which fell to 10,500 employees in 2024, according to annual reports. That figure declined to about 7,200 employees in 2025 and dropped further to roughly 6,600 employees in its most recent annual report.

Wolf was appointed CEO in 2025 following a proxy battle and board reconstitution, according to company disclosures. The leadership change was part of multiple restructuring initiatives the company has undertaken in recent years.

The company maintains a global footprint that includes administrative offices, mail sortation facilities, service locations, data centers and call centers, according to the annual report. Pitney Bowes conducts research and development activities in Shelton, as well as in Noida and Pune, India.

The SEC filing did not specify whether the headquarters relocation will result in additional staffing or operational changes within Connecticut. Pitney Bowes did not respond to requests for comment about the move’s impact on local employment or operations.