New Royal Holdco I layoffs, on the record
Every job cut, severance charge and restructuring New Royal Holdco I reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from over 5,800 to approximately 4,900.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | over 5,800 | December 31, 2023 |
| 10-K for 2024 | approximately 5,300 | December 31, 2024 |
| 10-K for 2025 | approximately 4,900 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryHeadcount fell about 9% year over year, mainly because of divestitures completed in 2023.
Word for word“Current year decrease in workforce is primarily attributable to the divestitures of operations completed in 2023 as discussed above.” 10-K for 2023
Our summaryCompany recorded severance expenses in each of the three years shown in its Adjusted EBITDA reconciliation.
Word for word“Severance expenses 149 378 228 Impairment of assets 12,072 — — Other, net 11,342 3,939 2,089 Interest expense, net 65,515 63,490 62,853 Change in fair value of derivative — — — Income tax provision 76,207 521 436 Adjusted EBITDA $ 222,522 $ 267,080 $ 291,718” 10-K for 2023
Our summaryThe company reduced its workforce in 2025 through cost-savings and operational efficiency measures at its Nevada Casino Resorts segment.
Word for word“The decrease in the workforce in 2025 compared to the prior year is primarily attributable to cost-savings and operational efficiency measures implemented at our Nevada Casino Resorts reportable segment.” 10-K for 2025
Our summaryThe company entered into a separation agreement with Mr. Haas, a former executive, giving him salary continuation and continued health benefits in exchange for a release of claims.
Word for word“Haas and Golden entered into a separation agreement pursuant to which, in exchange for a release of claims, 96 Table of Contents Mr. Haas became entitled to receive continuation of his base salary for a period of eight months ($200,000 cash severance) and 12 months of continued health benefits ($8,937), which are disclosed in the table above.” 10-K for 2025
| Fiscal year ended | Severance costs |
|---|---|
| 2020-12-31 | $3.7 million |
| 2021-12-31 | $228,000 |
| 2022-12-31 | $378,000 |
| 2023-12-31 | $149,000 |
New Royal Holdco I 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 New Royal Holdco I’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 2026-02-27. 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.