Brookfield Business Partners layoffs, on the record
Every job cut, severance charge and restructuring Brookfield Business Partners reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 72,000 to approximately 57,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 20-F for 2023 | approximately 72,000 | As at December 31, 2023 |
| 20-F for 2024 | approximately 72,000 | As at December 31, 2024 |
| 20-F for 2025 | approximately 57,000 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryThe offshore oil services business emerged from its Chapter 11 restructuring with a deleveraged balance sheet, and the loan facilities were reprofiled.
Word for word“On January 6, 2023, our offshore oil services emerged from the Chapter 11 restructuring process with a deleveraged balance sheet.” 20-F for 2023
Our summaryOther income (expense) for 2022 included business separation expenses, stand-up costs and restructuring charges.
Word for word“For the year ended December 31, 2022, the components of other income (expense), net include $251 million of net revaluation losses, $296 million of business separation expenses, stand-up costs and restructuring charges, $146 million in transaction costs, $36 million of net gains on the sale of property, plant and equipment and $1 million of other expense.” 20-F for 2023
Our summaryRecorded business separation expenses, stand-up costs and restructuring charges within other income (expense), net for 2024.
Word for word“For the year ended December 31, 2024, the components of other income (expense), net include $407 million related to a provision for payment of a litigation settlement at our dealer software and technology services operation, $251 million related to provisions recorded at our construction operation, $168 million of net revaluation gains, $158 million of business separation expenses, stand-up costs and restructuring charges, $108 million of net gains on the sale of property, plant and equipment and other assets, $52 million of net gains on debt modification and extinguishment, $50 million of other income related to a distribution at our entertainment operation, $35 million in transaction costs, and $100 million of other expenses.” 20-F for 2024
Our summaryRecorded business separation expenses, stand-up costs and restructuring charges within other income (expense), net for 2023.
Word for word“For the year ended December 31, 2023, the components of other income (expense), net include $446 million of net gains on debt modification and extinguishment, $247 million loss related to a fair value adjustment as a result of the reclassification of our graphite electrode operation as a financial asset, $246 million of business separation expenses, stand-up costs and restructuring charges, $116 million in transaction costs, $93 million of net revaluation gains and $108 million of other expenses.” 20-F for 2024
Our summaryThe company recorded business separation expenses, stand-up costs and restructuring charges within other income (expense), net for 2025.
Word for word“For the year ended December 31, 2025, the components of other income (expense), net include $467 million of expenses for employee incentive payments linked to the realization of value at our operations, $236 million of net gain recognized upon deconsolidation of our healthcare services operation, $224 million of business separation expenses, stand-up costs and restructuring charges, $152 million of net revaluation losses, $128 million of net losses on debt modification and extinguishment, $125 million of gains recorded at our offshore oil services due to completed upgrades and unrealized gains recorded on reclassification of property, plant and equipment to finance leases, $44 million of transaction costs, $35 million of expense related to the write-down of an earn-out associated with the sale of our automotive aftermarket parts remanufacturer, $14 million of unrealized loss recognized on the partial sale of an interest in our work access services operation to a Brookfield-managed evergreen fund, and $112 million of other expenses.” 20-F for 2025
Brookfield Business Partners 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 Business Partners’s annual reports (20-F for 2025, 20-F for 2024, 20-F for 2023) and the financial data it files with the SEC, as of 2026-03-31. 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.