LG Display layoffs, on the record
Every job cut, severance charge and restructuring LG Display reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 66,418 to 53,049.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 20-F for 2023 | 66,418 | December 31, 2023 |
| 20-F for 2024 | 60,792 | December 31, 2024 |
| 20-F for 2025 | 53,049 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryThe company reduced its production capacity of TFT-LCD panels for televisions at its manufacturing facilities in China.
Word for word“In 2022, we reduced our production capacity of TFT-LCD panels for televisions at our manufacturing facilities in China.” 20-F for 2023
Our summaryThe company closed several TFT-LCD fabrication facilities (P5, P7 and P62) to shift its focus toward OLED panels and reduce TFT-LCD production.
Word for word“Between 2022 and 2023, we closed certain TFT-LCD fabrication facilities, including P5 (where we had produced TFT-LCD panels for notebook computers and mobile and other products), P7 (where we had produced TFT-LCD panels for televisions) and P62 (where we had produced TFT-LCD panels for notebook computers and desktop monitors), in light of our continued efforts to increase the proportion of OLED panels in our product mix and the production capacity for such panels and further reduce our production level of TFT-LCD panels, which we believe to be relatively more sensitive to market conditions and generally allow for fewer opportunities for product differentiation.” 20-F for 2025
LG Display 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 LG Display’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 2026-04-28. 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.