Callaway Golf layoffs, on the record
Every job cut, severance charge and restructuring Callaway Golf reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 32,000 to approximately 28,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 32,000 | December 31, 2023 |
| 10-K for 2024 | approximately 30,000 | December 31, 2024 |
| 10-K for 2025 | approximately 28,000 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryRecorded restructuring and reorganization costs within SG&A expenses, which contributed to the 2023 SG&A increase. The $11.4 million amount is not in the quote.
Word for word“During the year ended December 31, 2023, SG&A expenses increased by $66.0 million (6.8% ) as compared to the year ended December 31, 2022.” 10-K for 2023
Our summaryCompleted the 2023 Restructuring Plan, a reorganization across Active Lifestyle and Topgolf segments, with total costs of $33.6 million, including employee termination and severance costs.
Word for word“The 2023 Restructuring Pla n was completed in December 2024, a nd we incurred $ 33.6 million in total costs under the 2023 Restructuring Plan, of which $ 28.2 million and $ 5.4 million were incurred in our Active Lifestyle and Topgolf segments, respectively.” 10-K for 2024
Our summaryInitiated a separation transformation plan tied to the planned Topgolf separation, mainly employee termination and severance costs in the Golf Equipment segment, expected to finish by end of 2025.
Word for word“In connection with this plan, we have incurred costs of $ 1.4 million for the year ended December 31, 2024, which were primarily related to employee termination and severance costs in ou r Golf Equipment segment.” 10-K for 2024
Our summaryRecorded restructuring and reorganization activity in Active Lifestyle that reduced headcount, lowering research and development employee costs.
Word for word“The decrease was primarily due to asset impairment charges related to the abandonment of the Shankstars media game in 2023, combined with a decline in employee costs due to reduced headcount resulting from restructuring in our Active Lifestyle operating segment.” 10-K for 2024
Our summaryThe company started a reorganization and restructuring plan in its Apparel, Gear and Other segment to improve its structure and operational efficiency.
Word for word“During 2023, we initiated a reorganization and restructuring plan in order to improve the organizational structure and increase operational efficiencies for certain businesses and functions within our Apparel, Gear and Other operating segment (the “2023 Restructuring Plan”).” 10-K for 2025
Our summaryThe 2023 Restructuring Plan cost $0.9 million, all in the Apparel, Gear and Other segment, and was paid in full before the end of 2024.
Word for word“Under the 2023 Restructuring Plan, we incurred $ 0.9 million in costs, which were incurred in our Apparel, Gear and Other segment and paid in full prior to December 31, 2024 .” 10-K for 2025
Our summaryThe company set up a Transformation Plan to improve efficiency and cut operating costs ahead of the planned Topgolf separation.
Word for word“In connection with the September 2024 announcement of our intended separation of the Topgolf business, we initiated a plan which is intended to optimize organizational efficiencies and decrease operating costs under the separate business structures that are anticipated after the separation (the “Transformation Plan”).” 10-K for 2025
Our summaryTransformation Plan costs in 2025 were mainly employee termination and severance costs and the disposal of property, plant and equipment.
Word for word“For the twelve months ended months ended December 31, 2025, costs incurred under the Transformation Plan were primarily related to employee termination and severance costs and the disposal of property, plant and equipment.” 10-K for 2025
Our summaryThe company expects Transformation Plan costs of up to $10.0 million, with the plan substantially complete by the end of 2026.
Word for word“We expect to incur up to $ 10.0 million in costs related to the Transformation Plan, which we expect to be substantially complete by the end of 2026.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2023-12-31 | $12.3 million | — |
| 2024-12-31 | $21.7 million | $8.1 million |
Callaway Golf 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 Callaway Golf’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 2026-02-27. 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.