CubeSmart layoffs, on the record
Every job cut, severance charge and restructuring CubeSmart reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 3,040 to 3,121.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 3,040 | December 31, 2023 |
| 10-K for 2024 | 3,104 | December 31, 2024 |
| 10-K for 2025 | 3,121 | December 31, 2025 |
Job cuts, severance and restructuring
Our summarySeverance costs were recorded in 2022 tied to the LAACO acquisition, with no severance costs recognized in 2023.
Word for word“For the year ended December 31, 2022, transaction-related expenses include severance expenses ($10.3 million) and other transaction expenses ($0.2 million).” 10-K for 2023
CubeSmart 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 CubeSmart’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 2026-02-27. 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.