H World Group layoffs, on the record
Every job cut, severance charge and restructuring H World Group reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 26,985 to 26,458.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 20-F for 2023 | 26,985 | — |
| 20-F for 2024 | 28,502 | — |
| 20-F for 2025 | 26,458 | — |
Job cuts, severance and restructuring
Our summaryLegacy DH recorded restructuring costs, alongside higher intangible asset impairment, which lowered its adjusted EBITDA.
Word for word“Legacy DH’s negative adjusted EBITDA from 2024 was RMB154 million (US$21 million), representing a decrease from its adjusted EBITDA of RMB84 million in 2023, primarily due to increased impairment loss from intangible assets and restructuring costs incurred in 2024.” 20-F for 2024
Our summaryGeneral and administrative expenses fell in 2025 because the company had lower restructuring costs and fewer employees at Legacy DH than in 2024.
Word for word“The decrease was mainly due to lower restructuring costs incurred and decreased headcount in Legacy DH as compared with 2024.” 20-F for 2025
Our summaryLegacy DH's adjusted EBITDA turned positive in 2025, mainly because it had lower restructuring costs and a smaller headcount, along with a smaller impairment loss on intangible assets.
Word for word“Legacy DH’s adjusted EBITDA from 2025 was RMB499 million (US$71 million), compared to its negative adjusted EBITDA of RMB154 million in 2024, primarily due to lower restructuring costs incurred and decreased headcount, as well as decreased impairment loss from intangible assets.” 20-F for 2025
Our summaryLegacy DH's adjusted EBITDA turned negative in 2024, partly because of restructuring costs incurred that year.
Word for word“Legacy DH’s negative adjusted EBITDA from 2024 was RMB154 million, representing a decrease from its adjusted EBITDA of RMB84 million in 2023, primarily due to increased impairment loss from intangible assets and restructuring costs incurred in 2024.” 20-F for 2025
H World Group 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 H World Group’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 2026-04-24. 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.