Global Business Travel Group layoffs, on the record
Every job cut, severance charge and restructuring Global Business Travel Group reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 19,000 to over 27,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 19,000 | December 31, 2023 |
| 10-K for 2024 | over 18,000 | December 31, 2024 |
| 10-K for 2025 | over 27,000 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryThe company recorded restructuring, exit and related charges, including employee severance costs of $39 million for 2023.
Word for word“Includes (i) employee severance costs/(reversals) of $39 million, and $(1) million for the years ended December 31, 2023 and 2022, respectively, (ii) accelerated amortization of operating lease ROU assets of $7 million and $0 for the years ended December 31, 2023 and 2022, respectively, and (iii) contract costs related to leased facilities abandonment of $3 million and $(2) million for the years ended December 31, 2023 and 2022, respectively.” 10-K for 2023
Our summaryRestructuring, exit and related charges totaled $49 million in 2023, reconciled in the non-GAAP Adjusted EBITDA table.
Word for word“Restructuring, exit and related charges (a) 49 (3) 52 n/m Integration costs (b) 35 34 1 3 % Mergers and acquisitions (c) 2 18 (16) n/m Equity-based compensation (d) 75 39 36 90 % Fair value movements on earnout and warrant derivative liabilities (e) (13) (8) (5) (54) % Other adjustments, net (f) 43 33 10 35 % Adjusted EBITDA $ 380 $ 103 $ 277 269 % Net loss margin (1) (6) % (12) % 6ppt n/m Adjusted EBITDA Margin 17 % 6 % 11ppt 199 % __________________________________________________ n/m — not meaningful (1) Net loss margin is calculated as net loss divided by revenue.” 10-K for 2023
Our summarySales and marketing expense commentary notes that cost savings were driven by restructuring activities.
Word for word“For the year ended December 31, 2023, sales and marketing expenses increased by $56 million, or 17%, due to increased salaries and benefits and other sales and marketing costs.” 10-K for 2023
Our summaryRestructuring, exit and related charges were recorded, including employee severance costs, for 2024 and 2023.
Word for word“Includes (i) employee severance costs of $11 million, and $39 million for the years ended December 31, 2024 and 2023, respectively, (ii) accelerated amortization of operating lease ROU assets of $4 million and $7 million for the years ended December 31, 2024 and 2023, respectively, and (iii) contract costs related to abandoned leased facilities of $2 million and $3 million for the years ended December 31, 2024 and 2023, respectively.” 10-K for 2024
Our summaryRestructuring and other exit charges, primarily employee severance from a reduction in workforce to improve operational efficiencies, were reported for 2024.
Word for word“Restructuring and other exit charges primarily comprise of employee severance due to reduction in workforce to improve operational efficiencies and accrual of certain contract termination costs related to leased facilities abandonment.” 10-K for 2024
Our summaryThe company recorded restructuring charges, mainly for actions started after reviewing the combined business following the CWT acquisition, plus severance costs from a workforce reduction to improve efficiency.
Word for word“For the year ended December 31, 2025, restructuring charges of $52 million primarily related to restructuring actions initiated by us following a review of the combined business after completion of the CWT acquisition and other employee severance costs due to reduction in workforce to improve operational efficiencies (see note 12 - Restructuring, Exit and Related Charges to our consolidated financial statements included elsewhere in this Annual Report).” 10-K for 2025
| Fiscal year ended | Severance costs | Restructuring charges | Restructuring costs incurred | Cash paid for restructuring |
|---|---|---|---|---|
| 2020-12-31 | — | $206 million | — | $99 million |
| 2021-12-31 | — | $14 million | — | $71 million |
| 2022-12-31 | — | −$3 million | — | $55 million |
| 2023-12-31 | $4 million | $42 million | $52 million | — |
| 2024-12-31 | $11 million | $13 million | $18 million | — |
| 2025-12-31 | — | $52 million | — | — |
Global Business Travel Group filed 1 restructuring notice (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Global Business Travel Group’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 2026-03-09. 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.