Corebridge Financial layoffs, on the record
Every job cut, severance charge and restructuring Corebridge Financial reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from over 5,200 to over 4,800.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2024 | over 5,200 | December 31, 2024 |
| 10-K for 2025 | over 4,800 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryReported separation costs of 94 million pre-tax in 2024 in its non-GAAP reconciliation, with 245 million in 2023 and 180 million in 2022.
Word for word“Separation costs 94 20 — 74 245 51 — 194 180 142 — 38 Restructuring and other costs 287 60 — 227 197 41 — 156 147 31 — 116 Non-recurring costs related to regulatory or accounting changes 3 1 — 2 18 4 — 14 12 3 — 9 Net (gain) loss on divestiture (245) (55) — (190) (676) (43) — (633) 1 — — 1 Pension expense - non operating — — — — 15 3 — 12 1 — — 1 Noncontrolling interests 34 — (34) — 68 — (68) — (320) — 320 — Subtotal Other non-Fortitude Re reconciling items 1,406 243 (27) 1,136 1,663 516 (68) 1,079 (796) (55) 320 (421) Total adjustments 802 114 (27) 661 2,253 642 (68) 1,543 (7,637) (1,529) 320 (5,788) Adjusted pre-tax operating income/Adjusted after-tax operating income attributable to Corebridge $ 3,605 $ 714 $ — $ 2,891 $ 3,193 $ 546 $ — $ 2,647 $ 2,854 $ 483 $ — $ 2,371 * Includes all net realized gains and losses except earned income (periodic settlements and changes in settlement accruals) on derivative instruments used for non-qualifying (economic) hedging or for asset replication.” 10-K for 2024
Our summaryCorebridge reported that its 2025 restructuring and other costs consisted mainly of severance-related costs and ongoing modernization initiatives.
Word for word“(c) Adjustments include restructuring and other costs. For the year ended December 31, 2025, restructuring and other costs primarily include severance related costs and ongoing modernization initiatives.” 10-K for 2025
Corebridge Financial 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 Corebridge Financial’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-11. 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.