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On the Record · Almacenes Exito

Almacenes Exito layoffs, on the record

Every job cut, severance charge and restructuring Almacenes Exito reported in its annual reports, 2023 to 2024, quoted from the filings. Headcount went from 43,134 to 39,871.

Headcount, as reported

Annual reportEmployeesAs of
20-F for 202343,134December 31, 2023
20-F for 202439,871December 31, 2024

Job cuts, severance and restructuring

  1. Our summaryThe company recorded restructuring expenses from its restructuring plan provision, which includes an operating excellence plan and a corporate retirement plan.

    Word for word“(1) Expenses from the restructuring plan provision, which includes operating excellence plan and corporate retirement plan.” 20-F for 2023

  2. Our summaryThe company recorded higher restructuring expenses in 2024, which partly offset other items in net other operating expenses. Cost: COP 35, 715 million

    Word for word“This variation was a result of: (1) a an increase of COP 16,918 million recovery from other liabilities; (2) an increase of COP 10,975 million from recovery for expected credit losses; and (3) an increase of COP 5,981 million in recovery of provisions for legal proceedings, which were offset by: (1) an increase of COP 35, 715 million in restructuring expenses; (2) a decrease of COP 16,451 million in gains for asset sales; and (3) an increase of COP 11,927 million in other provisions.” 20-F for 2024

  3. Our summaryThe company held a restructuring provision for reorganization of stores, the corporate office and distribution centers.

    Word for word“(1) The restructuring provision corresponds to the reorganization processes in stores, the corporate office, and distribution centers of the Parent Company.” 20-F for 2024

  4. Our summaryIn 2023 the company booked a larger restructuring provision expense covering an operating excellence plan and a corporate retirement plan. Cost: COP 15,240 million

    Word for word“This variation was a result of: (1) a decrease of COP 16,035 million in other operating revenues; (2) an increase of COP 15,240 million in expenses from the restructuring plan provision, which includes operating excellence plan and corporate retirement plan, net; and (3) an increase of COP 12,004 million in fees for the registration process in the New York and Sao Paulo Stock Exchanges.” 20-F for 2024

Almacenes Exito 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 Almacenes Exito’s annual reports (20-F for 2024, 20-F for 2023) and the financial data it files with the SEC, as of 2025-04-30. 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.