Upbound Group layoffs, on the record
Every job cut, severance charge and restructuring Upbound Group reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 12,970 to 12,050.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 12,970 | As of December 31, 2023 |
| 10-K for 2024 | 11,970 | December 31, 2024 |
| 10-K for 2025 | 12,050 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryRecorded labor reduction costs (employee severance) within other charges, with 2022 charges of $5.0 million and no such charges in 2023.
Word for word“Other charges for the year ended December 31, 2022 primarily included $143.2 million in stock compensation expense related to equity consideration issued in connection with the acquisition of Acima Holdings, $80.8 million in depreciation and amortization of acquired software and intangible assets related to the acquisition of Acima Holdings, $6.8 million in asset impairments, $5.0 million in employee severance, $1.2 million in state sales tax assessment reserves and $1.2 million in Acima retail partner conversion losses.” 10-K for 2023
Our summaryReported store closure shutdown and holding expenses within other charges, classified as other cash charges.
Word for word“(2) Represents shutdown and holding expenses related to store closures.” 10-K for 2023
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2016-12-31 | $8 million | — |
| 2017-12-31 | $3.8 million | — |
| 2018-12-31 | $34.7 million | $26 million |
| 2019-12-31 | $7.7 million | $19.4 million |
| 2020-12-31 | $9 million | $4.4 million |
| 2021-12-31 | $28.7 million | $32.4 million |
| 2022-12-31 | $5.6 million | $5 million |
| 2023-12-31 | $0 | $2.2 million |
Upbound Group 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 Upbound Group’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 2026-02-23. 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.