Chico's Fas layoffs, on the record
Every job cut, severance charge and restructuring Chico's Fas reported in its annual reports, 2021 to 2023, quoted from the filings. Headcount went from approximately 12,500 to approximately 14,238.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2021 | approximately 12,500 | January 30, 2021 |
| 10-K for 2022 | approximately 12,700 | January 29, 2022 |
| 10-K for 2023 | approximately 14,238 | January 28, 2023 |
Job cuts, severance and restructuring
Our summaryFiscal 2019 severance and other related net charges were recorded in connection with actions to reposition the then organizational structure, and the filing describes these as Severance Charges.
Word for word“The fiscal 2019 net loss includes the unfavorable impact of accelerated depreciation charges of approximately $8 million, after-tax, related to our retail fleet optimization plan and Severance Charges of approximately $2 million, after-tax, related to our then revised organizational structure.” 10-K for 2021
| Fiscal year ended | Restructuring charges | Restructuring costs incurred | Cash paid for restructuring |
|---|---|---|---|
| 2017-01-28 | $31 million | $29.6 million | $23.7 million |
| 2018-02-03 | $31 million | $0 | $10.7 million |
| 2019-02-02 | $0 | — | — |
Chico's Fas 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 Chico's Fas’s annual reports (10-K for 2023, 10-K for 2022, 10-K for 2021) and the financial data it files with the SEC, as of 2023-03-14. 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.