---
schema_version: "secwatch.filing_event.v1"
accession: "0001874944-24-000008"
form_type: "8-K"
ticker: null
cik: "0001874944"
company_name: "Vacasa, Inc."
filed_at: "2024-02-28T23:59:59+00:00"
generated_at: "2026-06-05T09:39:01.039319+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Vacasa Q4 revenue falls 19% to $177M, net loss $77M; cuts 320 jobs (5% of workforce); COO to step down

## Summary
- Q4 2023 revenue of $177M (-19% YoY); Net loss $77M vs $302M loss in Q4 2022.
- Full year 2023 net loss $528M including $411M goodwill impairment; Adjusted EBITDA +$24M vs -$27M in 2022.
- Board approved workforce reduction of ~320 positions (5% of workforce); expects $4-5M severance costs in Q1/Q2 2024.
- COO John Banczak steps down March 31, 2024; will remain advisor through Sept 30, 2024.
- 2024 outlook: 'difficult start' with softening demand, supply increases, continued GBV per home challenges, H1 headwinds.

## SEC filing metadata
- accession: 0001874944-24-000008
- form_type: 8-K
- cik: 0001874944
- company_name: Vacasa, Inc.
- filed_at: 2024-02-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 2.05, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1874944/000187494424000008/0001874944-24-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1874944/000187494424000008/vcsa-20240228.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001874944-24-000008
- JSON: https://secwatch.observer/filing/0001874944-24-000008.json
- Plain text: https://secwatch.observer/filing/0001874944-24-000008.txt

## Key facts
- Earnings Releases
  Vacasa, Inc. reported financial results for the fiscal quarter and full year ended December 31, 2023.
  - Period: the fiscal quarter and full year ended December 31, 2023
  - Result: reported results
  source text: On February 28, 2024, Vacasa, Inc. (together with its subsidiaries, the “Company”) issued a shareholder letter announcing its financial results for the fiscal quarter and full year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1874944/000187494424000008/0001874944-24-000008-index.htm
- Executive change
  John Banczak departed as Chief Operating Officer at Vacasa, Inc..
  - Action: step down
  - Role: Chief Operating Officer
  source text: On February 23, 2024, the Company and John Banczak, the Company's Chief Operating Officer, agreed that Mr. Banczak will step down from his position as Chief Operating Officer on March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1874944/000187494424000008/0001874944-24-000008-index.htm
- Restructurings & Charges
  Vacasa, Inc. announced a restructuring with charges of These changes reflect continued efforts to reshape the organization by streamlining the Company's structure and reducing seniority levels across departments. Th affecting across the Company, in both its local operations teams and central teams (approximately 320 positions across the Company, in both its local operations teams and central teams, representing appro).
  - Type: restructuring
  - Charge: These changes reflect continued efforts to reshape the organization by streamlining the Company's structure and reducing seniority levels across departments. Th
  - Affected area: across the Company, in both its local operations teams and central teams
  - Headcount: approximately 320 positions across the Company, in both its local operations teams and central teams, representing appro
  source text: On February 27, 2024, the Board of Directors of the Company approved a workforce reduction plan (the “Plan”) designed to align the Company’s expected cost base with its 2024 strategic and operating priorities and continued achievement of adjusted EBITDA profitability in 2024, against a wide range of macroeconomic outcomes. These changes reflect continued efforts to reshape the organization by streamlining the Company's structure and reducing seniority levels across departments. 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. The Company expects to incur $4-5 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1874944/000187494424000008/0001874944-24-000008-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.