loanDepot layoffs, on the record
Every job cut, severance charge and restructuring loanDepot reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 4,250 to approximately 4,700.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 4,250 | December 31, 2023 |
| 10-K for 2024 | 4,675 | December 31, 2024 |
| 10-K for 2025 | approximately 4,700 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryAnnounced an additional $120 million annualized cost reduction target through restructuring efforts including headcount reduction.
Word for word“In November 2023, we announced an additional $120 million annualized cost reduction target.” 10-K for 2023
Our summaryRecorded restructuring charges for employee severance and professional services tied to restructuring efforts after the Vision 2025 announcement in July 2022.
Word for word“Reflects employee severance expense and professional services associated with restructuring efforts subsequent to the announcement of Vision 2025 in July 2022.” 10-K for 2023
Our summarySalaries and benefits expense decreased, primarily due to lower severance expenses.
Word for word“A decrease of $0.7 million to salaries & benefits primarily related to a decrease in severance expenses offset by an increase in salary expense related to headcount.” 10-K for 2024
Our summaryThe company recorded restructuring charges for employee severance and professional services tied to its restructuring efforts, as reconciled in its adjusted EBITDA table.
Word for word“(3) Reflects employee severance expense and professional services associated with restructuring efforts subsequent to the announcement of Vision 2025 in July 2022.” 10-K for 2025
Our summaryThe company described its restructuring charges as employee severance expense and professional services related to restructuring efforts.
Word for word“(4) Reflects employee severance expense and professional services associated with restructuring efforts.” 10-K for 2025
loanDepot 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 loanDepot’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.