Chewy layoffs, on the record
Every job cut, severance charge and restructuring Chewy reported in its annual reports, 2024 to 2026, quoted from the filings. Headcount went from approximately 18,100 to approximately 18,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2024 | approximately 18,100 | January 28, 2024 |
| 10-K for 2025 | approximately 18,000 | February 2, 2025 |
| 10-K for 2026 | approximately 18,000 | February 1, 2026 |
Job cuts, severance and restructuring
Our summaryThe company reported severance costs and exit costs in its adjusted EBITDA and adjusted net income reconciliations for fiscal 2023, which it says represent temporary initiatives to realign resources and enhance operational efficiency.
Word for word“We believe it is useful to exclude severance and exit costs because these expenses represent temporary initiatives to realign resources and enhance operational efficiency, which are not components of our core business operations.” 10-K for 2024
Our summaryThe filing reports severance costs of 14,348 thousand dollars in fiscal 2023 in its adjusted EBITDA reconciliation, with no severance costs shown for fiscal 2024.
Word for word“Severance costs — 14,348 — Exit costs — 6,839 — Transaction related costs 1,607 7,827 3,953 Other 8,032 4,168 (460) Adjusted EBITDA $ 570,537 $ 368,068 $ 306,739 Net sales $ 11,861,335 $ 11,147,720 $ 10,119,000 Net margin 3.3 % 0.4 % 0.5 % Adjusted EBITDA margin 4.8 % 3.3 % 3.0 % 39 Adjusted Net Income and Adjusted Basic and Diluted Earnings per Share To provide investors with additional information regarding our financial results, we have disclosed here and elsewhere in this 10-K Report adjusted net income and adjusted basic and diluted earnings per share, which represent non-GAAP financial measures.” 10-K for 2025
Chewy 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 Chewy’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 2026-03-25. 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.