LifeStance Health Group layoffs, on the record
Every job cut, severance charge and restructuring LifeStance Health Group reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 9,325 to approximately 10,961.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 9,325 | December 31, 2023 |
| 10-K for 2024 | approximately 10,218 | December 31, 2024 |
| 10-K for 2025 | approximately 10,961 | As of December 31, 2025 |
Job cuts, severance and restructuring
Our summaryThe company closed centers and reduced physical office space under a real estate optimization and restructuring initiative, with related costs included in occupancy expenses.
Word for word“In addition, the increase was attributable to an increase of $17.0 million in occupancy costs, of which $11.0 million is related to our real estate optimization and restructuring charges (see Note 5, Leases, to our consolidated financial statements included in Part IV, Item 15, of this Annual Report on Form 10-K).” 10-K for 2023
Our summaryCompany announced a strategic re-focus that closed certain centers and reduced physical office space, with the changes tied to a shift to more virtual visits.
Word for word“In 2023, the Company announced a strategic re-focus, to prioritize resources and close certain centers as a direct result of changes to the Company's business model driven by a shift to more virtual visits initiated by the COVID-19 pandemic.” 10-K for 2024
Our summaryCompany substantially completed a reduction in physical space and exited underoccupied offices through lease terminations and abandonments.
Word for word“During the year ended December 31, 2023, the Company substantially completed a significant reduction in physical space and exited several underoccupied offices by both negotiating terminations of and abandoning certain real estate leases.” 10-K for 2024
Our summaryCompany recorded severance expense, included within strategic initiatives costs, that is unrelated to integration services.
Word for word“(3) Primarily includes severance expense unrelated to integration services.” 10-K for 2024
Our summaryCompany entered into a separation and release of claims agreement with Danish Qureshi.
Word for word“Separation and Release of Claims Agreement, dated as of June 30, 2024, between LifeStance Health Group, Inc. and Danish Qureshi” 10-K for 2024
LifeStance Health Group 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 LifeStance Health Group’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 2026-02-25. 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.