Calavo Growers layoffs, on the record
Every job cut, severance charge and restructuring Calavo Growers reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 3,064 to 1,969.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 3,064 | October 31, 2023 |
| 10-K for 2024 | 2,106 | October 31, 2024 |
| 10-K for 2025 | 1,969 | October 31, 2025 |
Job cuts, severance and restructuring
Our summaryRestructuring initiative from an enterprise-wide strategic business review, with management recruiting and severance costs recorded in fiscal 2023.
Word for word“In fiscal 2023, 2022 and 2021, we incurred $2.9 million, $2.0 million and $0.9 million related to management recruiting and severance costs in connection with the restructuring initiative.” 10-K for 2023
Our summarySeverance costs recorded as part of U.S. restructuring efforts.
Word for word“For the year ended October 31, 2023, we recorded $0.8 million in severance costs as part of U.S. restructuring efforts.” 10-K for 2023
Our summarySeverance and other costs paid, increasing selling, general and administrative expenses.
Word for word“This increase was primarily due to $2.9 million paid in severance and other costs and $1.6 million in stock-based compensation related to executive departures.” 10-K for 2023
Our summaryTwo Senior Vice Presidents departed the company, and their RSUs vested under their employment agreements.
Word for word“In June of 2023, two of our Senior Vice Presidents departed the Company and, pursuant to their employment agreements, 10,311 RSUs immediately vested.” 10-K for 2023
Our summaryConsulting expenses for an enterprise-wide strategic business review conducted for restructuring, recorded in fiscal 2022 and 2021 (not fiscal 2023).
Word for word“For fiscal 34 2022 and 2021, we recorded $2.8 million and $0.9 million of consulting expenses related to an enterprise-wide strategic business review conducted for the purpose of restructuring to improve the profitability of the organization and efficiency of our operations.” 10-K for 2023
Our summaryRecorded management recruiting and severance costs tied to an enterprise restructuring initiative.
Word for word“We also recorded $ 1.0 million, $ 5.5 million and $ 2.0 million for the years ended October 31, 2024, 2023 and 2022, respectively, of management recruiting and severance costs related to this restructuring initiative.” 10-K for 2024
Our summaryRecorded consulting expenses for an enterprise-wide strategic business review aimed at restructuring to improve profitability and efficiency.
Word for word“For the year ended October 31, 2022, we recorded $ 2.8 million of consulting expenses (included in selling, general and administrative expenses) related to an enterprise-wide strategic business review conducted for the purpose of restructuring to improve the profitability of the organization and efficiency of our operations.” 10-K for 2024
Our summaryThe company ran an enterprise-wide strategic business review to restructure and improve profitability and efficiency, and recorded restructuring costs in fiscal 2024 and 2023 mainly for management recruiting and severance; it had none in fiscal 2025.
Word for word“As a result of this initiative, the Company recognized restructuring costs of $ 1.0 million and $ 5.5 million for the years ended October 31, 2024 and 2023, primarily related to management recruiting and severance.” 10-K for 2025
Our summarySelling, general and administrative expenses fell in fiscal 2025 partly because compensation expenses dropped due to lower headcount and severance costs.
Word for word“The decrease was driven by an $8.0 million reduction in professional and consulting fees, primarily related to lower legal costs (including reduced FCPA investigation-related legal expenses), a $1.6 million reduction in compensation expenses reflecting lower headcount and severance costs, and a $1.0 million decrease in stock-based compensation, mainly related to our recently retired Chief Executive Officer’s compensation structure, partially offset by $2.3 million of write-offs related to bad debt associated with advances to suppliers.” 10-K for 2025
Calavo Growers filed 1 restructuring notice (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 Calavo Growers’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 2026-01-14. 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.