Coupang layoffs, on the record
Every job cut, severance charge and restructuring Coupang reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 78,000 to approximately 108,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 78,000 | December 31, 2023 |
| 10-K for 2024 | approximately 95,000 | As of December 31, 2024 |
| 10-K for 2025 | approximately 108,000 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryCompany undertook restructuring actions during 2024 to reduce headcount, exit leases and licensing agreements.
Word for word“During 2024, we have undertaken restructuring actions to reduce headcount, exit leases and licensing agreements.” 10-K for 2024
Our summaryCompany reported restructuring and acquisition-related costs in its non-GAAP reconciliation.
Word for word“Acquisition and restructuring related costs 127 — KFTC administrative fine 121 — FC Fire insurance gain (175) — Equity-based compensation 433 326 Adjusted EBITDA $ 1,375 $ 1,074 Adjusted EBITDA margin 4.5 % 4.4 %” 10-K for 2024
Our summaryCompany said it has incurred and expects to continue to incur significant restructuring costs from cost savings measures and terminating or disposing of underperforming contracts, operations or subsidiaries.
Word for word“We have incurred, and expect to continue to incur, significant restructuring costs as we implement cost savings measures, and terminate or dispose of contracts, operations or subsidiaries that we believe are underperforming.” 10-K for 2024
Our summaryRestructuring actions related to Farfetch subsidiaries in Italy led to technical loan defaults, which the January 2025 loan amendment waived.
Word for word“In January 2025, the Farfetch Term Loans were amended to (i) waive technical defaults that resulted from our restructuring actions related to Farfetch subsidiaries in Italy and (ii) require loan prepayment (not to exceed $125 million) from restricted cash proceeds received for Italian VAT receivables and the Limited Partnership in turn extended its commitment to provide the remaining $148 million cash contribution to the earlier of the loan repayment date or April 2028.” 10-K for 2024
Our summaryThe company carried out restructuring actions tied to the Farfetch acquisition, cutting headcount and exiting leases and licensing agreements.
Word for word“Throughout 2024 and 2025, we undertook restructuring actions to reduce headcount and exit leases and licensing agreements associated with Farfetch.” 10-K for 2025
Our summaryThe company acquired the remaining 40% of the Palm Angels brand and then sold the brand rights as part of its Farfetch restructuring.
Word for word“In February 2025, we acquired the remaining 40 % of the Palm Angels brand (“Palm Angels”) not owned by New Guards Group Holdings S.p.A. (“New Guards”), a subsidiary acquired in the Farfetch Acquisition, and subsequently sold the rights to Palm Angels, as part of our Farfetch restructuring actions.” 10-K for 2025
Coupang 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 Coupang’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-26. 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.