P3 Health Partners layoffs, on the record
Every job cut, severance charge and restructuring P3 Health Partners reported in its annual reports, 2023 to 2025, quoted from the filings.
Job cuts, severance and restructuring
Our summaryThe company recorded restructuring and other charges that included severance and benefits paid to employees under workforce reduction plans, reported within Other in the Adjusted EBITDA reconciliation for 2023.
Word for word“Other during the year ended December 31, 2023 consisted of (i) interest income offset by (ii) cybersecurity incident loss, (iii) restructuring and other charges, including severance and benefits paid to employees pursuant to workforce reduction plans, (iv) the disposition of our Pahrump operations, (v) expenses for third-party consultants to assist us with the development, implementation, and documentation of new and enhanced internal controls and processes for compliance with Sarbanes-Oxley Section 404(b), (vi) a legal settlement outside of the ordinary course of business, and (vii) valuation allowance on our notes receivable.” 10-K for 2023
Our summaryThe company recorded severance expense within Other in the Adjusted EBITDA reconciliation for 2022, without a stated amount.
Word for word“Other during the year ended December 31, 2022 consisted of (i) income related to the release of indemnity funds previously escrowed as part of an acquisition in a prior year and (ii) interest income, offset by (iii) accounting, legal, and professional services expenses incurred related to the restatement of our consolidated financial statements for the years ended December 31, 2020, 2019, and 2018 and the condensed consolidated financial statements for the quarterly periods ended March 31, 2021, June 30, 2021, September 30, 2021, March 31, 2020, June 30, 2020, and September 30, 2020, (iv) expenses for third-party consultants to assist us with the development, implementation, and documentation of new and enhanced internal controls and processes for compliance with Sarbanes-Oxley Section 404(b), and (v) severance expense.” 10-K for 2023
Our summaryThe company reduced its workforce, cutting headcount by 11% in 2025, which lowered salary and related expense.
Word for word“The decrease in corporate, general and administrative expense was primarily driven by a decrease of $10.6 million in salary and related expense resulting primarily from a reduction in headcount of 11% and a decrease of $1.4 million in non-income based taxes.” 10-K for 2025
Our summaryThe company recorded severance expense in 2025 tied to a reorganization of its workforce, included in other adjustments to Adjusted EBITDA.
Word for word“Other during the year ended December 31, 2025 consisted of (i) interest income, (ii) loss on disposal of certain property and equipment, (iii) severance expense in connection with reorganization of workforce and (iv) legal settlements and valuation allowance on our notes receivable.” 10-K for 2025
P3 Health Partners 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 P3 Health Partners’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 2026-03-26. 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.