Vacasa layoffs, on the record
Every job cut, severance charge and restructuring Vacasa reported in its annual reports, 2022 to 2024, quoted from the filings. Headcount went from approximately 7,900 to approximately 4,300.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2022 | approximately 7,900 | As of December 31, 2022 |
| 10-K for 2023 | approximately 6,400 | December 31, 2023 |
| 10-K for 2024 | approximately 4,300 | As of December 31, 2024 |
Job cuts, severance and restructuring
Our summaryCompany approved a plan eliminating about 1,300 positions, about 17% of the workforce, in local operations and central teams, with estimated pre-tax costs of about $5 million.
Word for word“The Plan includes the elimination of approximately 1,300 positions across the Company, in both its local operations teams and central teams, representing approximately 17 % of the workforce.” 10-K for 2022
Our summaryCompany recorded restructuring costs for a fourth-quarter 2022 workforce reduction, primarily in corporate functions.
Word for word“For 2022, these costs are associated with a workforce reduction primarily in our corporate functions that occurred in the fourth quarter.” 10-K for 2022
Our summaryCompany recorded restructuring costs for a 2020 COVID-19 reorganization and workforce reductions, and for winding down much of its international operations.
Word for word“In connection with the wind-down, the Company recorded restructuring costs of $ 1.8 million during the year ended December 31, 2020, which primarily consisted of severance costs of $ 1.3 million and contract termination costs of $ 0.5 million.” 10-K for 2022
Our summaryCompany took a 2023 workforce reduction eliminating positions in local operations and central teams, which was effected in January 2023.
Word for word“The 2023 workforce reduction includes the elimination of approximately 1,300 positions across the Company, in both its local operations teams and central teams, representing approximately 17% of the workforce.” 10-K for 2023
Our summaryBoard approved a new workforce reduction plan to align the cost base with 2024 priorities; this is a subsequent event.
Word for word“The Plan includes the elimination of approximately 320 positions across the Company, in both its local operations teams and central teams, representing approximately 5% of the workforce, or approximately 2% of the local operations teams and approximately 6% of the central team.” 10-K for 2023
Our summaryCompany expects to incur costs for the 2024 workforce reduction plan, mostly in the first and second quarters of 2024.
Word for word“The Company expects to incur between $4.0 million and $5.0 million of costs, consisting primarily of employee severance and benefit costs and professional services fees in connection with the Plan, most of which are expected to be incurred in the first and second quarters of 2024.” 10-K for 2023
Our summaryCompany recorded restructuring costs in 2023 including workforce reduction costs and right-of-use asset impairment costs for Portland and Boise offices; restructuring line totaled $9.8 million in the reconciliation.
Word for word“Restructuring (2) 9,818 1,379 250 Adjusted EBITDA $ 23,511 $ (27,476) $ (28,517) Adjusted EBITDA as a percentage of Revenue 2 % (2) % (3) %” 10-K for 2023
Our summaryCompany recorded a workforce reduction in the fourth quarter of 2022, primarily in corporate functions.
Word for word“For 2022, these costs are associated with a workforce reduction, primarily in our corporate functions that occurred in the fourth quarter.” 10-K for 2023
Our summaryThe company carried out a reorganization that eliminated positions in local operations and central teams, and it incurred severance costs.
Word for word“The Reorganization included the elimination of approximately 800 positions across the Company, in both its local operations teams and central teams, representing approximately 13% of the workforce, or approximately 6% of its field teams and approximately 40% of its corporate and central operations teams.” 10-K for 2024
Our summaryThe company recorded severance and employee benefits costs for the Reorganization during 2024.
Word for word“In connection with the Reorganization, during the year ended December 31, 2024, the Company incurred severance and employee benefits costs of approximately $6.0 million, which are included in operating costs and expenses in the consolidated statements of operations.” 10-K for 2024
Our summaryThe Board approved a workforce reduction plan, the 2024 Plan, that eliminated positions in local operations and central teams.
Word for word“The 2024 Plan included the elimination of approximately 320 positions across the Company, in both its local operations teams and central teams, representing approximately 5% of the workforce, or approximately 2% of the local operations teams and approximately 6% of the central team.” 10-K for 2024
Our summaryThe company recorded severance and professional service costs for the 2024 Plan during 2024.
Word for word“In connection with the 2024 Plan, during the year ended December 31, 2024, the Company incurred severance and employee benefits costs of approximately $1.9 million and professional service costs of $1.4 million, which are included in operating costs and expenses in the consolidated statements of operations.” 10-K for 2024
Our summaryThe company recorded severance and employee benefits costs for the 2023 Plan during 2023.
Word for word“In connection with the 2023 Plan, the Company incurred severance and employee benefits costs of approximately $ 5.1 million during the year ended December 31, 2023, which are included in operating costs and expenses in the consolidated statements of operations.” 10-K for 2024
| Fiscal year ended | Restructuring charges |
|---|---|
| 2023-12-31 | $5.1 million |
Vacasa filed 3 restructuring notices (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Vacasa’s annual reports (10-K for 2024, 10-K for 2023, 10-K for 2022) and the financial data it files with the SEC, as of 2025-03-13. 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.