Capri Holdings layoffs, on the record
Every job cut, severance charge and restructuring Capri Holdings reported in its annual reports, 2024 to 2026, quoted from the filings. Headcount went from approximately 15,100 to approximately 11,200.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2024 | approximately 15,100 | — |
| 10-K for 2025 | approximately 14,200 | — |
| 10-K for 2026 | approximately 11,200 | At the end of Fiscal 2026 |
Job cuts, severance and restructuring
Our summaryRestructuring and other expense was recorded in Fiscal 2024 as part of the company's restructuring program, which the filing says is detailed in Note 11.
Word for word“Restructuring and other expense (4) (33) (16) (42) Total (loss) income from operations $ (241) $ 679 $ 903 (1) Impairment of assets during Fiscal 2024 includes $283 million, $267 million and $25 million of impairment charges related to the Versace, Jimmy Choo and Michael Kors reportable segments, respectively.” 10-K for 2024
Our summaryThe company reported a restructuring and other expense line in its segment results and referred to its restructuring program note for details.
Word for word“(4) See Note 11 to the accompanying consolidated financial statements for details on our restructuring program.” 10-K for 2025
Our summaryThe company recorded restructuring and other expense in Fiscal 2026, mainly for lease terminations and severance costs.
Word for word“During Fiscal 2026, we recognized restructuring and other expense of $15 million, primarily related to lease terminations and severance costs.” 10-K for 2026
Our summaryThe company recorded restructuring and other expense in Fiscal 2025, mainly for severance and store closure costs, partly offset by gains on lease terminations.
Word for word“During Fiscal 2025, we recognized restructuring and other expense of $5 million primarily related to severance and store closure costs, partially offset by gains on lease terminations.” 10-K for 2026
| Fiscal year ended | Restructuring charges |
|---|---|
| 2017-04-01 | $11.3 million |
| 2018-03-31 | $102.1 million |
Capri Holdings 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 Capri Holdings’s annual reports (10-K for 2026, 10-K for 2025, 10-K for 2024) and the financial data it files with the SEC, as of 2026-05-27. 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.