Light & Wonder layoffs, on the record
Every job cut, severance charge and restructuring Light & Wonder reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 6,500 to approximately 6,800.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 6,500 | As of December 31, 2023 |
| 10-K for 2024 | approximately 6,800 | December 31, 2024 |
| 10-K for 2025 | approximately 6,800 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryCompany reports restructuring costs from past business improvement initiatives that included headcount reductions, facilities streamlining, and reductions in other operating costs.
Word for word“These initiatives encompassed a combination of headcount reductions, facilities streamlining, and reductions in other operating costs.” 10-K for 2023
Our summaryCompany reports pre-tax employee severance and related restructuring costs for 2023.
Word for word“The following table summarizes pre-tax restructuring and other costs for the periods presented: Year Ended December 31, 2023 2022 2021 Employee severance and related $ 16 $ 10 $ 4 Strategic review and related (1) 40 83 97 Contingent acquisition consideration (2) 19 21 ( 1 ) Legal and related (see Note 20) — 8 25 Restructuring, integration and other 17 24 42 Total $ 92 $ 146 $ 167 (1) Includes costs associated with the SciPlay Merger, ASX listing, Divestitures (including ongoing separation activities), rebranding and related activities.” 10-K for 2023
Our summaryCompany reports restructuring and other charges of $92 million for 2023 in its operating expenses, including costs tied to the SciPlay Merger and ASX listing.
Word for word“The year ended December 31, 2023 included $15 million in costs associated with the SciPlay Merger and $7 million in professional services associated with the ASX listing.” 10-K for 2023
Our summaryCompany states it has incurred restructuring costs related to its strategic review, the Divestitures, its ASX listing and the SciPlay Merger, and may take further restructuring initiatives.
Word for word“Most recently, we have incurred additional restructuring costs related to our recent strategic review, the Divestitures, our ASX listing and the SciPlay Merger.” 10-K for 2023
Our summaryRestructuring and other charges included employee severance and related costs in each of the three years presented.
Word for word“Employee severance and related $ 6 $ 16 $ 10 Legal and related (see Note 19) 79 — 8 Strategic review and related (1) 1 40 83 Contingent acquisition considerations (2) — 19 21 Restructuring, integration and other 8 17 24 Total $ 94 $ 92 $ 146 (1) Includes costs associated with the SciPlay Merger, ASX listing, Divestitures (including ongoing separation activities), rebranding and related activities.” 10-K for 2024
Our summaryThe company recorded employee severance and related restructuring costs in 2025, as part of its restructuring and other charges.
Word for word“Employee severance and related $ 15 $ 6 $ 16 Legal and related (see Note 19) 130 79 — Strategic review, acquisition and related (1) 37 1 40 Contingent acquisition considerations (2) 25 — 19 Restructuring, integration and other 12 8 17 Total $ 219 $ 94 $ 92 (1) Includes costs associated with the SciPlay Merger, ASX listing, Grover acquisition, sale of discontinued operations (including ongoing separation activities), rebranding and related activities.” 10-K for 2025
Our summaryThe company discontinued its iGaming Live Casino operations and booked related restructuring charges in 2025.
Word for word“The increase in restructuring and other was primarily due to current period charges related to certain legal matters of $130 million (primarily related to the Aristocrat settlement), as compared to $79 million in the prior year.” 10-K for 2025
| Fiscal year ended | Restructuring charges |
|---|---|
| 2016-12-31 | $57 million |
| 2017-12-31 | $46 million |
| 2018-12-31 | $253 million |
| 2019-12-31 | $25 million |
| 2020-12-31 | $56 million |
| 2021-12-31 | $167 million |
| 2022-12-31 | $146 million |
| 2023-12-31 | $92 million |
| 2024-12-31 | $94 million |
| 2025-12-31 | $219 million |
Light & Wonder 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 Light & Wonder’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 2026-02-24. 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.