SoFi Technologies layoffs, on the record
Every job cut, severance charge and restructuring SoFi Technologies reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 4,400 to approximately 6,100.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 4,400 | As of December 31, 2023 |
| 10-K for 2024 | approximately 5,000 | December 31, 2024 |
| 10-K for 2025 | approximately 6,100 | As of December 31, 2025 |
Job cuts, severance and restructuring
Our summaryReduced headcount in the Technology Platform segment in a small reduction, with related wages, benefits and severance recorded as restructuring charges.
Word for word“Restructuring charges in 2023 primarily included employee-related wages, benefits and severance associated with a small reduction in headcount in our Technology Platform segment in the first quarter of 2023 and expenses in the fourth quarter of 2023 related to a reduction in headcount across the Company, which do not reflect expected future operating expenses and are not indicative of our core operating performance.” 10-K for 2023
Our summaryRecorded total restructuring charges for 2023 tied to the headcount reductions.
Word for word“During the year ended December 31, 2023, we recognized restructuring charges of $ 12,749 within the following categories of expenses within noninterest expense : (i) technology and product development , (ii) sales and marketing , (iii) cost of operations , and (iv) general and administrative in the consolidated statements of operations and comprehensive loss associated with a reduction in headcount in the Technology Platform segment in the first quarter of 2023, as well as expenses in the fourth quarter of 2023 related to a reduction in headcount across the Financial Services, Lending and corporate functions, which primarily included employee-related wages, benefits and severance.” 10-K for 2023
Our summaryCarried out a company-wide reduction in headcount with associated wages, benefits and severance expense.
Word for word“Restructuring charges in 2023 were associated with a reduction in headcount in the Technology Platform segment in the first quarter of 2023, as well as expenses in the fourth quarter of 2023 related to a reduction in headcount across the Financial Services, Lending and corporate functions, which primarily included employee-related wages, benefits and severance.” 10-K for 2024
Our summaryRecorded 2024 restructuring charges, primarily for a legal entity restructuring.
Word for word“Restructuring charges in 2024 relate to legal entity restructuring.” 10-K for 2024
Our summaryThe company recorded small restructuring charges in 2025 and 2024 tied to legal entity restructuring, and larger 2023 charges tied to headcount reductions that included severance.
Word for word“During the years ended December 31, 2025, 2024 and 2023, we recognized restructuring charges of $ 948 , $ 1,530 and $ 12,749 , respectively, within the following categories of expenses within noninterest expense : (i) technology and product development , (ii) sales and marketing , (iii) cost of operations , and (iv) general and administrative in the consolidated statements of operations and comprehensive income (loss).” 10-K for 2025
| Fiscal year ended | Restructuring charges |
|---|---|
| 2023-12-31 | $12.7 million |
| 2024-12-31 | $1.5 million |
| 2025-12-31 | $948,000 |
SoFi Technologies 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 SoFi Technologies’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 2026-02-17. 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.