LendingTree layoffs, on the record
Every job cut, severance charge and restructuring LendingTree reported in its annual reports, 2023 to 2025, quoted from the filings.
Job cuts, severance and restructuring
Our summaryCommitted to a workforce reduction plan to cut operating costs, eliminating about 13% of the workforce, and shut the LendingTree customer call center and Medicare insurance agency operations within QuoteWizard.
Word for word“On March 24, 2023, we committed to a workforce reduction plan (the “Reduction Plan”), to reduce operating costs, which included the elimination of approximately 13% of the Company’s workforce.” 10-K for 2023
Our summaryDecided to close the Ovation credit services business, an asset group within the Consumer segment, eliminating about 18% of the workforce.
Word for word“The Ovation Closure includes the elimination of approximately 197 employees, or 18%, of the Company's current workforce.” 10-K for 2023
Our summaryInitiated workforce reductions of 14 employees.
Word for word“During September 2023, the Company initiated workforce reductions of 14 employees.” 10-K for 2023
Our summaryRecorded severance and restructuring costs for 2022 reduction actions, with separation costs paid by the end of 2023.
Word for word“All employee separation costs for 2022 actions were paid by the end of 2023.” 10-K for 2023
Our summaryCompleted the Reduction Plan, which eliminated about 162 employees; cash payments and the plan were finished by the end of the third quarter of 2024.
Word for word“The Reduction Plan included the elimination of approximately 162 employees, or 13%, of the Company’s workforce.” 10-K for 2024
Our summaryClosed the Ovation credit services business, an asset group within the Consumer segment, eliminating about 197 employees.
Word for word“The Ovation Closure included the elimination of approximately 197 employees, or 18%, of the Company's workforce.” 10-K for 2024
Our summaryReported a reduction in headcount from elevated turnover and planned severances, which the filing identifies as a business risk.
Word for word“We have experienced a reduction in our headcount as a result of both elevated turnover caused by the market as well as planned severances, which places substantial demand on remaining management and our operational infrastructure.” 10-K for 2024
| Fiscal year ended | Severance costs | Restructuring charges | Cash paid for restructuring |
|---|---|---|---|
| 2016-12-31 | — | $122,000 | — |
| 2017-12-31 | — | $404,000 | — |
| 2018-12-31 | — | $2.4 million | — |
| 2019-12-31 | — | $1 million | — |
| 2020-12-31 | — | $295,000 | — |
| 2021-12-31 | — | $53,000 | — |
| 2022-12-31 | $3.3 million | $4.4 million | $3 million |
| 2023-12-31 | — | $10.1 million | — |
| 2024-12-31 | — | $508,000 | — |
| 2025-12-31 | — | $1.6 million | — |
LendingTree 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 LendingTree’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.