Wheels Up Experience layoffs, on the record
Every job cut, severance charge and restructuring Wheels Up Experience reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 2,206 to 1,250 employees.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 2,206 | December 31, 2023 |
| 10-K for 2024 | 1,866 | December 31, 2024 |
| 10-K for 2025 | 1,250 employees | As of December 31, 2025 |
Job cuts, severance and restructuring
Our summaryAnnounced a restructuring plan to streamline the organization and reduce headcount in areas not directly affecting operations or customers, excluding pilots, maintenance and operations-support personnel.
Word for word“In March 2023, we announced the adoption of a restructuring plan, which was intended to streamline the Company's organization and reduce headcount in areas of the business that do not directly impact the Company's operations or its customers' experience (the "Restructuring Plan").” 10-K for 2023
Our summaryRecorded restructuring charges for the Restructuring Plan and related employee separation programs, including severance tied to executive transitions.
Word for word“For the year ended December 31, 2023, includes restructuring charges related to the Restructuring Plan and related strategic business expenses incurred to support significant changes to our member programs and certain aspects of our operations, primarily consisting of consultancy fees associated with designing and implementing changes to our member programs and obtaining financing, and severance and recruiting expenses associated with executive transitions and other employee separation programs as part of our cost reduction initiatives.” 10-K for 2023
Our summaryAnnounced a restructuring plan to reduce headcount (excluding pilots, maintenance and operations-support personnel) as part of cost reductions and efficiency improvements.
Word for word“On March 1, 2023, we announced a restructuring plan (the "Restructuring Plan") as part of our previously announced focus on implementing cost reductions and improving the efficiency of our operations, which consisted of a reduction in headcount (excluding pilots, maintenance and operations-support personnel).” 10-K for 2023
Our summaryRecorded restructuring expenses for actions taken in the fourth quarter of 2022 in connection with the Restructuring Plan, with the remaining expenses incurred in the first half of 2023.
Word for word“During the fourth quarter of December 31, 2022, we recorded $ 7.2 million of expenses related to actions taken in the fourth quarter of 2022 and in connection with the Restructuring Plan.” 10-K for 2023
Our summaryReported that the 2022 restructuring charges related to employee separation programs following strategic business decisions.
Word for word“For the year ended December 31, 2022, includes restructuring charges for employee separation programs following strategic business decisions.” 10-K for 2023
Our summaryCompany reported restructuring charges in 2024 for contract termination fees and employee separation programs as part of ongoing cost reduction.
Word for word“(2) For the year ended December 31, 2024, primarily consists of charges for contract termination fees and employee separation programs as part of our ongoing cost reduction and strategic business initiatives.” 10-K for 2024
Our summaryCompany recorded restructuring expense in cost of revenue for employee separation programs in 2024.
Word for word“(1) For the year ended December 31, 2024, primarily consists of charges for employee separation programs as part of our ongoing cost reduction and strategic business initiatives.” 10-K for 2024
Our summaryCompany exited underutilized maintenance facilities through employee restructuring actions.
Word for word“as well as a $2.0 million associated with certain employee restructuring actions implemented in the second quarter of 2024 as we exited underutilized maintenance facilities during the year.” 10-K for 2024
Our summaryCompany recognized 2023 restructuring charges tied to the Restructuring Plan and related employee separation programs, with severance and recruiting expenses for executive transitions.
Word for word“For the year ended December 31, 2023, primarily consists of restructuring charges related to the restructuring plan that we announced on March 1, 2023 (the “Restructuring Plan”) and related strategic business expenses incurred to support significant changes to our member programs and certain aspects of our operations, which primarily include consultancy fees associated with designing and implementing changes to our member programs and obtaining financing, and severance and recruiting expenses associated with executive transitions and other employee separation programs as part of our cost reduction initiatives.” 10-K for 2024
Our summaryCompany said headcount reduction actions taken in 2023 reduced employee compensation costs in 2024 operating expenses.
Word for word“primarily driven by an $11.8 million reduction in employee 66 compensation, bonus and allocable costs due to headcount reduction actions taken in fiscal year 2023, including the absence of a $2.3 million one-time charge associated with the Restructuring Plan recognized during the first quarter of 2023.” 10-K for 2024
Our summaryThe company recorded charges for the restructuring plan, mainly severance, employee benefits and equity-based compensation, in late 2022 and early 2023.
Word for word“We incurred $ 17.7 million of charges associated with the Restructuring Plan during the fourth quarter of 2022 and first quarter of 2023, which primarily consisted of cash and non-cash expenses related to severance payments, employee benefits and equity-based compensation.” 10-K for 2025
| Fiscal year ended | Restructuring charges |
|---|---|
| 2023-12-31 | $10.5 million |
Wheels Up Experience filed 1 restructuring notice (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 Wheels Up Experience’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 2026-03-10. 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.