Brookfield Property Partners layoffs, on the record
Every job cut, severance charge and restructuring Brookfield Property Partners reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 30,200 to approximately 24,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 20-F for 2023 | approximately 30,200 | — |
| 20-F for 2024 | approximately 25,700 | — |
| 20-F for 2025 | approximately 24,000 | — |
Job cuts, severance and restructuring
Our summaryIncome tax expense rose in 2024 partly because of the restructuring of certain subsidiaries.
Word for word“The increase in income tax expense for the year ended December 31, 2024 compared to the prior year is primarily due to an increase in pre-tax income, restructuring of certain subsidiaries, and tax expense uncorrelated with accounting income.” 20-F for 2024
Our summaryThe company suspended contractual payments on about 5% of its non-recourse mortgages and is in modification or restructuring talks with creditors.
Word for word“excluding debt obligations on assets in receivership, we have suspended contractual payment on approximately 5% of our non-recourse mortgages and are currently engaging in modification or - 79 - restructuring discussions with the respective creditors.” 20-F for 2024
Our summaryAn internal restructuring led the partnership and related entities to guarantee certain BPO preferred shares and debt securities.
Word for word“In connection with an internal restructuring completed in July 2016, the partnership and certain of its related entities agreed to guarantee all of BPO’s Class AAA Preferred Shares and all of BPO’s debt securities issued pursuant to BPO’s indenture dated December 8, 2009.” 20-F for 2024
Our summaryBrookfield Corporation's ownership interest in the partnership was restructured and the management fee structure was amended.
Word for word“On July 26, 2021, Brookfield Corporation’s ownership interest in the partnership was restructured, including the issuance of CanHoldco Non-Voting Common Shares to Brookfield Corporation and the management fee structure was amended.” 20-F for 2024
Brookfield Property 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 Property 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 2026-02-27. 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.