Chagee Holdings layoffs, on the record
Every job cut, severance charge and restructuring Chagee Holdings reported in its annual reports, 2025, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 20-F for 2025 | 3,812 full-time employees at corporate level and 4,007 full-time employees at our company-owned teahouse | As of December 31, 2025 |
Job cuts, severance and restructuring
Our summaryThe company reported that a targeted organizational restructuring, along with headcount growth, raised accrued expenses and other liabilities.
Word for word“Changes in working capital primarily include (a) an increase in accrued expenses and other liabilities of RMB155.7 million (US$22.3 million) mainly attributed to the expansion of our employee headcount and a targeted organizational restructuring, (b) an increase in operating lease liabilities of RMB727.4 million (US$104.0 million) and an corresponding increase in right-of-use assets, net, of RMB735.7 million (US$105.2 million) primarily due to the addition of our company-owned teahouses and office spaces, (c) an increase in prepayments and other current assets of RMB170.8 million (US$24.4 million) and an increase in other non-current assets of RMB96.5 million (US$13.8 million) mainly due to increased rental deposits in line with our increased leases and increased deductible input VAT, and (d) an increase in inventories of RMB119.0 (US$17.0 million) generally in line with the growth of company-owned teahouses and franchised teahouses network.” 20-F for 2025
Chagee 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 Chagee Holdings’s annual reports (20-F for 2025) and the financial data it files with the SEC, as of 2026-04-29. 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.