Bloomin' Brands layoffs, on the record
Every job cut, severance charge and restructuring Bloomin' Brands reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 87,000 to approximately 64,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 87,000 | As of December 31, 2023 |
| 10-K for 2024 | approximately 81,000 | As of December 29, 2024 |
| 10-K for 2025 | approximately 64,000 | As of December 28, 2025 |
Job cuts, severance and restructuring
Our summaryCompany ran a 2023 Closure Initiative that closed three U.S. and two international Aussie Grill restaurants and decided to close 36 predominantly older, underperforming U.S. restaurants, including related severance costs.
Word for word“During the fourteen weeks ended December 31, 2023, the Company recognized asset impairments and closure charges in connection with the closure of three U.S. and two international Aussie Grill restaurants and the decision to close 36 predominantly older, underperforming U.S. restaurants (the “2023 Closure Initiative”).” 10-K for 2023
Our summaryCompany expects additional severance and closure costs from the 2023 Closure Initiative in the first quarter of 2024.
Word for word“We expect to incur an additional $8 million to $11 million of severance and closure costs in connection with the 2023 Closure Initiative during the thirteen weeks ended March 31, 2024.” 10-K for 2023
Our summaryCompany recorded total 2023 Closure Initiative charges including property impairments, lease right-of-use impairments, severance and lease remeasurement gains.
Word for word“Following is a summary of the 2023 Closure Initiative charges recognized in the Consolidated Statements of Operations and Comprehensive Income for the periods indicated (dollars in thousands): DESCRIPTION CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME CLASSIFICATION FOURTEEN WEEKS AND FISCAL YEAR ENDED DECEMBER 31, 2023 Property, fixtures and equipment impairments Provision for impaired assets and restaurant closings $ 23,934 Lease right-of-use asset impairments and closure charges Provision for impaired assets and restaurant closings 10,266 Severance and other expenses General and administrative 622 Lease remeasurement gains Other restaurant operating ( 2,450 ) $ 32,372 During 2023, the Company recognized a lease termination gain of $ 6.7 million, net of related asset impairments, in connection with the closure of one U.S. restaurant.” 10-K for 2023
Our summaryClosed restaurants under the 2023 Restaurant Closures program, which included severance and other expenses recorded in general and administrative expenses.
Word for word“Following is a summary of 2023 Restaurant Closures expenses recognized in the Consolidated Statements of Operations and Comprehensive (Loss) Income for the periods indicated (dollars in thousands): DESCRIPTION CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME CLASSIFICATION FISCAL YEAR 2024 2023 Asset impairments and closure charges Provision for impaired assets and restaurant closings $ 12,034 $ 34,200 Severance and other expenses General and administrative 3,798 622 Closure-related labor costs Labor and other related 434 — Lease remeasurement gains Other restaurant operating — ( 2,450 ) Total $ 16,266 $ 32,372” 10-K for 2024
Our summaryClosed nine restaurants in Hong Kong, with related asset impairment, closure costs and severance.
Word for word“Fiscal year 2024 includes asset impairment, closure costs and severance primarily in connection with: (i) the 2023 Restaurant Closures, (ii) the closure of nine restaurants in Hong Kong and (iii) the Q4 2024 Restaurant Impairment.” 10-K for 2024
Our summaryRecorded a Q4 2024 restaurant impairment charge tied to closure-related costs and severance.
Word for word“Income from operations in the first, second, third and fourth quarters include expense of $ 13.0 million, $ 16.2 million, $ 5.1 million and $ 30.6 million, respectively, primarily related to asset impairment, closure costs and severance in connection with the 2023 Restaurant Closures, the closure of nine Hong Kong restaurants and the Q4 2024 Restaurant Impairment.” 10-K for 2024
Our summaryIncurred executive transition costs, including severance related to other executive level changes.
Word for word“Compensation costs and professional fees related to our CEO transition and severance related to other executive level changes.” 10-K for 2024
Our summaryThe company recorded severance, professional fees and other costs from transformational and restructuring activities.
Word for word“(4) Includes severance, professional fees and other costs incurred as a result of transformational and restructuring activities.” 10-K for 2025
Our summaryThe company closed 21 U.S. restaurants, chose not to renew leases on 22 restaurants, and impaired five underperforming U.S. restaurants in fiscal 2025.
Word for word“(2) Fiscal year 2025 primarily includes costs related to the closure of 21 U.S. restaurants and the decision not to renew the leases of 22 restaurants and asset impairments related to five underperforming U.S. restaurants.” 10-K for 2025
| Fiscal year ended | Restructuring charges |
|---|---|
| 2016-12-25 | $45.3 million |
| 2017-12-31 | $22.7 million |
| 2018-12-30 | $3 million |
| 2019-12-29 | $2.7 million |
Bloomin' Brands filed 2 restructuring notices (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 Bloomin' Brands’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 2026-02-25. 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.