Lincoln National Life Insurance layoffs, on the record
Every job cut, severance charge and restructuring Lincoln National Life Insurance reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 10,968 to 9,730.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 10,968 | December 31, 2023 |
| 10-K for 2024 | 9,730 | December 31, 2024 |
Job cuts, severance and restructuring
Our summaryThe company recorded severance expense related to initiatives to realign the workforce for the year ended December 31, 2024.
Word for word“(6) Includes severance expense related to initiatives to realign the workforce of $(74) million and $(7) million for the years ended December 31, 2024 and 2023 , respectively.” 10-K for 2024
Our summaryThe company recorded severance expense for initiatives to realign its workforce in 2025, 2024 and 2023.
Word for word“(5) Includes severance expense related to initiatives to realign the workforce of $(25) million, $(74) million and $(7) million for the years ended December 31, 2025, 2024 and 2023, respectively.” 10-K for 2025
Lincoln National Life Insurance 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 Lincoln National Life Insurance’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 2026-03-12. 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.