iqiyi layoffs, on the record
Every job cut, severance charge and restructuring iqiyi reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 4,788 to 4,603.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 20-F for 2023 | 4,788 | — |
| 20-F for 2024 | 4,673 | — |
| 20-F for 2025 | 4,603 | — |
Job cuts, severance and restructuring
Our summaryThe company implemented an efficiency enhancement initiative that reduced its number of employees over the past three years.
Word for word“Our number of employees decreased over the past three years because we implemented an efficiency enhancement initiative aimed at optimizing resource utilization and maximizing productivity.” 20-F for 2023
Our summaryThe company initiated an Employee Optimization Program that included downsizing its workforce to improve its cost structure and efficiency.
Word for word“In 2021, the Company initiated an Employee Optimization Program, which took on certain performance improvement actions which included downsizing its workforce to further enhance its cost structure and improve efficiency.” 20-F for 2023
Our summaryTotal employee severance costs expected for the Employee Optimization Program were recorded, with the program substantially completed by December 31, 2021.
Word for word“Total employee severance costs expected to be incurred in connection with the Employee Optimization Program was RMB 178,732 in 2021, for which RMB 25,709 , RMB 54,334 , RMB 98,689 were recognized as cost of revenues, selling, general and administrative expenses and research and developments expenses for the year ended December 31, 2021, respectively.” 20-F for 2023
iqiyi 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 iqiyi’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 2026-03-16. 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.