Advance Auto Parts layoffs, on the record
Every job cut, severance charge and restructuring Advance Auto Parts reported in its annual reports, 2023 to 2026, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 40,000 full-time team members and 29,000 part-time team members | December 30, 2023 |
| 10-K for 2024 | approximately 33,200 full-time team members and 29,600 part-time team members | December 28, 2024 |
| 10-K for 2026 | approximately 28,274 full-time team members and 25,733 part-time team members | As of January 3, 2026 |
Job cuts, severance and restructuring
Our summaryBoard approved a restructuring and asset optimization plan (2024 Restructuring Plan) that includes headcount reductions and organizational design changes, along with store and independent location closures.
Word for word“On November 13, 2024, the Company's Board of Directors approved a restructuring and asset optimization plan ("2024 Restructuring Plan") designed to improve the Company's profitability and growth potential and streamline its operations.” 10-K for 2024
Our summaryCompany expects total restructuring charges, including cash and non-cash charges, primarily from store closures and reduction in workforce under the 2024 Restructuring Plan.
Word for word“As a result of the restructuring plan, the Company currently expects to incur approximately $875 million to $960 million in total charges, which is estimated to include $275 million to $310 million of cash charges and $600 million to $650 million of non-cash charges, primarily as a result of closure sites and the reduction in workforce.” 10-K for 2024
Our summaryCompany recorded severance and other labor related expenses within restructuring and related expenses for 2024 under the 2024 Restructuring Plan.
Word for word“These expenses represent costs primarily attributable to the 2024 Restructuring Plan and included $204.2 million of long-lived asset impairment and accelerated amortization and depreciation charges, $19.7 million of distribution network optimization, $24.7 million of incremental reserves of the collectibility of receivables resulting from contract terminations with independents, $15.2 million severance and other labor related expenses and third party professional fees.” 10-K for 2024
Our summaryCompany incurred restructuring expenses under the 2024 Restructuring Plan and expects additional expenses through fiscal 2025, including headcount reductions.
Word for word“As a result of the 2024 Restructuring Plan, the Company incurred $680.8 million of restructuring expenses in 2024.” 10-K for 2024
Our summaryCompany plans to close stores, independent locations and distribution centers under the 2024 Restructuring Plan, along with headcount reductions.
Word for word“This plan anticipates closure of approximately 500 stores, approximately 200 independent locations and four distribution centers by mid-2025, as well as headcount reductions.” 10-K for 2024
Our summaryThe plan called for closing stores, independent locations and distribution centers, plus headcount reductions, and the closures were finished in the first quarter of 2025. The company recorded restructuring expenses under the plan in 2025 and 2024.
Word for word“As a result of the 2024 Restructuring Plan, the Company incurred $159 million and $680 million of restructuring expenses in 2025 and 2024, respectively.” 10-K for 2026
Our summaryThe company expects more restructuring charges, mainly for lease termination and exit costs on closed stores.
Word for word“However, the Company expects to incur approximately $30 million to $40 million of additional restructuring charges through fiscal 2026, primarily related to costs associated with closed stores for the termination and exit of certain leases.” 10-K for 2026
Our summaryThe company reported severance and other related costs within restructuring and other related expenses for fiscal 2025.
Word for word“(2) Restructuring and other related expenses for the fifty-three weeks ended January 3, 2026 includes $38 million of nonrecurring services rendered by third party vendors assisting with the 2024 Restructuring Plan, $18 million of severance and other related costs, $7 million for reserves on independent loans and $25 million of other related expenses associated with location closures, including the transfer of assets.” 10-K for 2026
| Fiscal year ended | Restructuring charges | Restructuring costs incurred | Cash paid for restructuring |
|---|---|---|---|
| 2016-12-31 | $24.2 million | — | $24.3 million |
| 2017-12-30 | $15.9 million | — | $26.1 million |
| 2018-12-29 | $31.9 million | — | $20.7 million |
| 2022-12-31 | $0 | $0 | — |
| 2023-12-30 | $16 million | $16 million | — |
| 2024-12-28 | $309 million | $308.9 million | — |
| 2026-01-03 | $204 million | — | — |
Advance Auto Parts 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 Advance Auto Parts’s annual reports (10-K for 2026, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-13. 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.