Carters layoffs, on the record
Every job cut, severance charge and restructuring Carters reported in its annual reports, 2023 to 2026, quoted from the filings. Headcount went from approximately 15,230 to approximately 15,400.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 15,230 | fiscal 2023 |
| 10-K for 2024 | approximately 15,350 | end of fiscal 2024 |
| 10-K for 2026 | approximately 15,400 | As of the end of fiscal 2025 |
Job cuts, severance and restructuring
Our summaryInitiated several organizational restructuring initiatives in fiscal 2023, including a reorganization of staffing models across multiple functions to drive labor savings and increase efficiencies.
Word for word“In fiscal 2023, we initiated several organizational restructuring initiatives which included a reorganization of staffing models across multiple functions to drive labor savings and increase efficiencies.” 10-K for 2023
Our summaryRecorded restructuring costs that were primarily severance and other termination benefits; about $1.9 million remained accrued in other current liabilities at year end.
Word for word“As of 31 December 30, 2023, there is approximately $1.9 million related to these plans included in Other current liabilities on our consolidated balance sheets.” 10-K for 2023
Our summaryRecorded organizational restructuring charges in the corporate segment tied to restructuring and related corporate office lease amendment actions.
Word for word“The fiscal year ended December 30, 2023 includes a corporate charge of $ 4.1 million, related to organizational restructuring and related corporate office lease amendment actions.” 10-K for 2023
Our summaryReported organizational restructuring as an adjustment to non-GAAP operating income, related to charges for organizational restructuring and related corporate office lease amendment actions in fiscal 2023.
Word for word“Related to charges for organizational restructuring and related corporate office lease amendment actions in fiscal 2023.” 10-K for 2023
Our summaryCompany recorded organizational restructuring charges in fiscal 2024, reflected within selling, general, and administrative expenses.
Word for word“Organizational restructuring (2) (1,822) n/a (4,412) n/a n/a n/a Consolidated operating income $ 254,728 9.0 % $ 323,405 11.0 % $ (68,677) (21.2) % (1) Segment operating income for the fiscal year ended December 30, 2023 has been recast to conform to the current presentation.” 10-K for 2024
Our summarySG&A rate discussion notes decreased organizational restructuring costs compared with the prior year.
Word for word“The increase in SG&A rate was driven by fixed cost deleverage on decreased sales, investments in our retail stores and brand marketing, and increased charitable donations, partially offset by decreased performance-based compensation expense, decreased organizational restructuring costs, and decreased consulting costs.” 10-K for 2024
Our summaryCompany recorded organizational restructuring charges in fiscal 2023, including related corporate office lease amendment actions.
Word for word“Related to charges for organizational restructuring in the fiscal year ended December 28, 2024 and organizational restructuring and related corporate office lease amendment actions in the fiscal year ended December 30, 2023.” 10-K for 2024
Our summaryCarter's began restructuring its offices-based workforce to cut costs, expecting to cut about 15% of those roles and save about $35 million a year, and recorded mostly severance charges.
Word for word“The plan is expected to reduce offices-based roles by approximately 15% and to generate approximately $35 million in annual savings beginning in fiscal 2026 primarily related to reduced compensation and employee benefit costs.” 10-K for 2026
Our summaryThe company recorded restructuring charges, mainly severance and other termination benefits, from the restructuring of its offices-based workforce.
Word for word“In connection with this restructuring, the Company recorded charges of $ 9.8 million in Selling, general and administrative expenses, primarily related to severance and other termination benefits.” 10-K for 2026
| Fiscal year ended | Severance costs | Restructuring charges |
|---|---|---|
| 2019-12-28 | $1.6 million | — |
| 2021-01-02 | — | $16.6 million |
| 2022-12-31 | — | $0 |
| 2023-12-30 | — | $4.4 million |
| 2024-12-28 | — | $1.8 million |
| 2026-01-03 | — | $9.8 million |
Carters 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 Carters’s annual reports (10-K for 2026, 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.