First American Financial layoffs, on the record
Every job cut, severance charge and restructuring First American Financial reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 19,210 to 19,102.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 19,210 | December 31, 2023 |
| 10-K for 2024 | 19,038 | December 31, 2024 |
| 10-K for 2025 | 19,102 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryPersonnel costs included severance expenses in 2023, 2022, and 2021, with the 2023 amount falling from 2022.
Word for word“Personnel costs included severance expenses of $12.6 million, $34.7 million, and $4.6 million for 2023, 2022, and 2021, respectively.” 10-K for 2023
Our summarySeverance expense in 2022 was higher, and the 2022 personnel cost trend was partly offset by higher severance expense.
Word for word“The decrease in 2022, adjusted for the impact of recent acquisitions, was due to lower incentive compensation resulting from lower revenue and profitability, lower expense related to the Company's 401(k) savings plan match and lower overtime expense, partially offset by higher severance expense.” 10-K for 2023
Our summaryThe company recorded severance expenses within personnel costs for 2024.
Word for word“Personnel costs included severance expenses of $8.3 million, $12.6 million, and $34.7 million for 2024, 2023, and 2022.” 10-K for 2024
Our summaryThe company recorded severance expenses within personnel costs for 2025, 2024 and 2023.
Word for word“Personnel costs also included severance expenses of $11.7 million, $8.3 million, and $12.6 million for 2025, 2024, and 2023, respectively.” 10-K for 2025
First American 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 First American 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 2026-02-18. 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.