Thread regarding T. Rowe Price Group Inc. layoffs

Layoff and severance data

The quarterly earnings release is a good place to check for numbers. You can find it online. Q4 is obviously not available yet; these are from the Q3 report:

  • Compensation, benefits, and related costs in Q3 2025 of $632.5 million decreased […] $16.3 million from Q2 2025. The decrease compared to Q2 2025 was primarily driven by lower salaries and benefits, reflecting a decrease in average headcount of 1.9%. Long-term incentive compensation expense also declined due to higher forfeitures. These impacts were partially offset by a higher bonus accrual. The firm employed 7,830 associates at September 30, 2025, a decrease of […] 2.9% from 8,063 associates at June 30, 2025.
  • The restructuring charge in Q3 2025 of $28.5 million reflects compensation costs, primarily severance, incurred in connection with the July workforce action.

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| 1201 views | | 3 replies (last December 7) | Reply
Post ID: @OP+1kbscpyn8

3 replies (most recent on top)

@d9 year on year it was only a 1.9% reduction as well… sounds like my lay off senses are tingling

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Post ID: @de+1kbscpyn8

@OP a 2.9% headcount decrease sounds low. Estimates of various people in this forum put it at a lot higher. Thus I’m guessing there’s a few more lay off rounds to go.

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Post ID: @d9+1kbscpyn8

Yeah I see those and I always think what creative accounting has gone on…

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Post ID: @c2+1kbscpyn8

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