SUN Communities layoffs, on the record
Every job cut, severance charge and restructuring SUN Communities reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 6,780 to 3,614.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 6,780 | December 31, 2023 |
| 10-K for 2024 | 6,590 | December 31, 2024 |
| 10-K for 2025 | 3,614 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryThe company commenced an internal restructuring initiative alongside its 2024 property divestitures.
Word for word“During the year ended December 31, 2024, we sold 25 properties and three development properties for a total gross sales price of $476.8 million and commenced an internal restructuring initiative.” 10-K for 2024
Our summaryThe company recorded severance costs among its other adjustments, net, for the year ended December 31, 2024.
Word for word“(4) Other adjustments, net relates primarily to (i) deferred tax benefit, litigation activity, long term lease termination expense and accelerated deferred compensation amortization during the years ended December 31, 2024, 2023, and 2022, (ii) ERP implementation costs during the years ended December 31, 2024 and 2023, (iii) gain on sale of investment in nonconsolidated affiliates during the years ended December 31, 2023 and 2022, (iv) insurance loss recovery expense and severance costs during the year ended December 31, 2024, and (v) RV rebranding non-recurring costs during the year ended December 31, 2022.” 10-K for 2024
SUN Communities 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 SUN Communities’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 2026-02-25. 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.