Brookfield Asset Management layoffs, on the record
Every job cut, severance charge and restructuring Brookfield Asset Management reported in its annual reports, 2022 to 2025, quoted from the filings. Headcount went from over 2,500 to over 5,800.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 20-F for 2022 | over 2,500 | — |
| 10-K for 2024 | approximately 250,000 full-time operating employees | — |
| 10-K for 2025 | over 5,800 | — |
Job cuts, severance and restructuring
Our summaryCompleted an internal reorganization on November 30, 2022 to separate Brookfield's capital business from its asset management business (the 2022 Restructuring), which is a corporate restructuring rather than a workforce reduction.
Word for word“On November 30, 2022, OCG completed an internal reorganization to facilitate the separation of Brookfield's capital business and asset management business (the "2022 Restructuring").” 20-F for 2022
Our summaryThe filing reports non-recurring restructuring costs in its asset management fee-related earnings reconciliation, with none in 2024 and a charge in 2023.
Word for word“Non-recurring restructuring costs (i) — 35 — Fee Revenues from BSREP III & other (j) 10 20 25 Fee-Related Earnings $ 2,456 $ 2,241 $ 2,108 Cash taxes (k) (301) (196) (98) Equity-based compensation expense and other (l) 208 199 86 Distributable Earnings $ 2,363 $ 2,244 $ 2,096 (a) This adjustment removes the impact of income tax provisions on the basis that we do not believe this item reflects the present value of the actual tax obligations that we expect to incur over the long-term due to the substantial deferred tax assets of our asset management business.” 10-K for 2024
Brookfield Asset Management 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 Brookfield Asset Management’s annual reports (10-K for 2025, 10-K for 2024, 20-F for 2022) and the financial data it files with the SEC, as of 2026-03-02. 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.