Foot Locker layoffs, on the record
Every job cut, severance charge and restructuring Foot Locker reported in its annual reports, 2023 to 2025, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 15,200 full-time and 31,680 part-time employees | January 28, 2023 |
| 10-K for 2024 | 14,335 full-time and 32,511 part-time employees | February 3, 2024 |
| 10-K for 2025 | 13,140 full-time and 34,166 part-time | February 1, 2025 |
Job cuts, severance and restructuring
Our summaryIncurred reorganization costs, primarily severance, due to reducing support functions while streamlining the organization for operational efficiency.
Word for word“During 2022, we incurred $ 42 million of transformation consulting expense.” 10-K for 2023
Our summaryIncurred other costs related to the wind down of the Sidestep banner, including store and website closures.
Word for word“Additionally, we incurred $ 22 million of reorganization costs, primarily severance, due to the reduction of support functions as we streamlined the organization for operational efficiency and included $ 4 million of other costs related to the wind down of the Sidestep banner.” 10-K for 2023
Our summaryRecorded reorganization costs for 2023 primarily tied to severance and the closure of the Sidestep banner, certain Foot Locker Asia stores, and a North American distribution center.
Word for word“Additionally, we incurred transformation consulting expense of $27 million and reorganization costs of $17 million primarily related to severance and the closures of the Sidestep banner, certain Foot Locker Asia stores, and a North American distribution center.” 10-K for 2024
Our summaryRecorded impairment charges and accelerated tenancy charges tied to closures of the Sidestep banner, certain Foot Locker Asia stores, and U.S. atmos stores in 2023.
Word for word“For 2023, impairment and other included impairment charges of $30 million from a review of underperforming stores and accelerated tenancy charges on right-of-use assets for closures of the Sidestep banner, certain Foot Locker Asia stores, and our U.S. atmos stores.” 10-K for 2024
Our summaryIn 2022 the company recorded mostly severance costs related to a reorganization, along with other impairment and other charges.
Word for word“For 2022 , impairment and other charges included $ 58 million of impairment of long-lived assets and right-of-use assets and accelerated tenancy charges, $ 42 million of transformation consulting, $ 22 million of primarily severance costs related to a reorganization, $ 9 million of litigation costs related to an employment matter, $ 8 million of Sidestep tradename asset impairment, and $ 4 million of acquisition integration costs related to the acquisitions of WSS and atmos, partially offset by a $ 31 million reduction in the fair value of the atmos contingent consideration.” 10-K for 2025
| Fiscal year ended | Cash paid for restructuring |
|---|---|
| 2021-01-30 | $16 million |
Foot Locker 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 Foot Locker’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 2025-03-27. 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.