Paysafe layoffs, on the record
Every job cut, severance charge and restructuring Paysafe reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 3,200 to approximately 2,900.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 20-F for 2023 | approximately 3,200 | December 31, 2023 |
| 20-F for 2024 | approximately 3,300 | December 31, 2024 |
| 20-F for 2025 | approximately 2,900 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryThe company reported higher severance costs within personnel costs, which increased the year-over-year movement in selling, general and administrative expense.
Word for word“This decrease was partly offset by an increase in personnel costs primarily relating to performance compensation as well as higher severance costs.” 20-F for 2023
Our summaryThe company recorded restructuring and other costs that include restructuring costs, office closure costs and severance payments to employees.
Word for word“For the year ended December 31, 2023, restructuring costs were $3,168, and other costs were $2,893, which primarily consisted of legal costs.” 20-F for 2023
Our summaryThe company recorded restructuring and other costs that included restructuring costs, inclusive of CEO severance costs.
Word for word“For the year ended December 31, 2022, restructuring costs were $13,393, inclusive of CEO severance costs, and other costs were $50,739, which primarily consisted of a $33,603 provision related to certain customer payments and acquisition costs.” 20-F for 2023
Our summaryThe company reported total restructuring and other costs falling to $6,061 in 2023 from $64,132 in 2022, partly due to the lower 2022 provision and SafetyPay acquisition costs.
Word for word“Restructuring and other costs decreased $58,071, or 90.5%, to $6,061 for the year ended December 31, 2023 from $64,132 for the year ended December 31, 2022.” 20-F for 2023
Our summaryRestructuring and other costs rose sharply in 2025, mostly from higher legal costs on securities litigation, plus higher transformation costs for merchant platform and finance and risk process projects.
Word for word“Restructuring and other costs increased $43,188, or 834.1%, to $48,366 for the year ended December 31, 2025 from $5,178 for the year ended December 31, 2024.” 20-F for 2025
Our summarySeverance expense rose in the Merchant Solutions segment's selling, general and administrative costs in 2025.
Word for word“This was offset partially by an increase in advertising and promotion costs of $8,846, an increase in sales and other taxes of $6,260 and an increase in severance of $1,600.” 20-F for 2025
Our summarySeverance expense rose in the Digital Wallets segment's selling, general and administrative costs in 2025.
Word for word“This increase is due to an increase in credit losses of $3,741, legal and professional fees of $3,581, personnel costs of $1,950, information technology cost of $1,195 and severance of $1,306.” 20-F for 2025
| Fiscal year ended | Severance costs | Restructuring charges |
|---|---|---|
| 2020-12-31 | — | $20.6 million |
| 2021-12-31 | — | $25.9 million |
| 2022-12-31 | — | $64.1 million |
| 2023-12-31 | $4.8 million | $6.1 million |
| 2024-12-31 | $4.6 million | $5.2 million |
| 2025-12-31 | $8.5 million | $48.4 million |
Paysafe 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 Paysafe’s annual reports (20-F for 2025, 20-F for 2024, 20-F for 2023) and the financial data it files with the SEC, as of 2026-03-03. 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.