Landsea Homes layoffs, on the record
Every job cut, severance charge and restructuring Landsea Homes reported in its annual reports, 2022 to 2024, quoted from the filings.
Job cuts, severance and restructuring
Our summaryThe filing notes that general and administrative costs rose in 2023 partly because of increased headcount and higher severance costs.
Word for word“This was partially offset by increases in employee compensation costs, including increased headcount, benefit costs, and severance costs.” 10-K for 2023
Our summaryThe company recorded one-time severance costs in 2024 that added to corporate and general and administrative expenses.
Word for word“General and administrative (“G&A”) costs also increased during 2024 primarily due to transaction costs associated with the Antares acquisition and one-time severance costs.” 10-K for 2024
Our summaryThe company carried out a reduction-in-force in the first half of 2024, which lowered compensation costs.
Word for word“Continuing compensation and other administrative costs grew as we brought on the additional employees related to the Antares acquisition, partially offset by lower compensation costs including the effects of the reduction-in-force from the first half of the year.” 10-K for 2024
Landsea Homes 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 Landsea Homes’s annual reports (10-K for 2024, 10-K for 2023, 10-K for 2022) and the financial data it files with the SEC, as of 2025-02-27. 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.