Price T Rowe layoffs, on the record
Every job cut, severance charge and restructuring Price T Rowe reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 7,906 to 7,773.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 7,906 | December 31, 2023 |
| 10-K for 2024 | 8,158 | December 31, 2024 |
| 10-K for 2025 | 7,773 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryThe company took steps in 2025 under its expense plan, including targeted role eliminations, outsourcing some technology work to vendors, and exiting certain owned buildings to be sold in 2026, and recorded a restructuring charge.
Word for word“In 2025, we took several steps to execute on this plan, including targeted role eliminations, outsourcing and expanding some of our technology capabilities through trusted vendor partnerships, and the decision to exit certain owned buildings with plans to dispose of the properties in 2026.” 10-K for 2025
Our summaryThe company recorded a 2025 restructuring charge under its expense management program, covering real estate depreciation and impairment plus compensation costs, mainly severance.
Word for word“As separately disclosed in the consolidated statements of income, we recognized a restructuring charge of $ 177.3 million in 2025, related to actions taken under a broad and ongoing expense management program, which is designed to reduce expense growth and realign resources to support investment in existing and future capabilities.” 10-K for 2025
Our summaryOf the restructuring charge, a portion was real estate depreciation and impairment and a portion was compensation costs, mainly severance.
Word for word“The charge includes accelerated depreciation and impairment charges related to certain owned real estate of $ 127.3 million as well as $ 50 million of compensation‑related costs, primarily severance.” 10-K for 2025
| Fiscal year ended | Restructuring charges |
|---|---|
| 2023-12-31 | $0 |
| 2024-12-31 | $0 |
| 2025-12-31 | $177.3 million |
Price T Rowe 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 Price T Rowe’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 2026-02-13. 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.