Stratrix
On the Record · Happen

Happen layoffs, on the record

Every job cut, severance charge and restructuring Happen reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 1,025 to 1,075.

Headcount, as reported

Annual reportEmployeesAs of
10-K for 20231,025December 31, 2023
10-K for 20241,002December 31, 2024
10-K for 20251,075December 31, 2025

Job cuts, severance and restructuring

  1. Our summaryLendingClub announced a cost reduction plan to align its cost structure with its financial profile amid the adverse macroeconomic environment, reducing the workforce by 172 employees. On October 12, 2023

    Word for word“On October 12, 2023, we announced a cost reduction plan to align our cost structure to our financial profile given the continued adverse impact of the evolving macroeconomic environment on our 15 LENDINGCLUB CORPORATION business.” 10-K for 2023

  2. Our summaryEmployees affected by the Workforce Reduction were offered severance, extended benefits coverage and outplacement assistance.

    Word for word“For employees impacted by the Workforce Reduction, we offered severance, extended benefits coverage and outplacement assistance.” 10-K for 2023

  3. Our summaryTotal headcount fell during 2023 mainly because of the workforce reduction plans implemented during the year. In 2023 · Affected: 560 employees

    Word for word“In 2023, our total headcount decreased by 560 employees compared to the prior year, primarily due to the workforce reduction plans we implemented during the year.” 10-K for 2023
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedSeverance costs
2016-12-31$2.7 million
2017-12-31$0
2018-12-31$0

Happen filed 2 restructuring notices (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 Happen’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 2026-02-12. 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.