Funko layoffs, on the record
Every job cut, severance charge and restructuring Funko reported in its annual reports, 2023 to 2025, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 1,269 full-time employees | December 31, 2023 |
| 10-K for 2024 | 1,283 full-time employees | December 31, 2024 |
| 10-K for 2025 | 1,104 full-time employees | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryCompany carried out a cost-cutting reduction-in-force (layoffs) during 2023.
Word for word“Conversely, when we furlough or lay off employees, as we did in connection with our cost-cutting reduction-in-force measures during the year ended December 31, 2023, there have been and may in the future be adverse consequences for our corporate culture and employee morale.” 10-K for 2023
Our summaryCompany incurred certain severance, relocation and related costs, including charges tied to severance and benefit costs for reductions-in-force and returning Washington-based warehouses.
Word for word“(4) Represents certain severance, relocation and related costs.” 10-K for 2023
Our summaryCompany recorded non-recurring severance payments within professional fees in selling, general and administrative expenses.
Word for word“The decrease was driven primarily by a $28.8 million decrease in software expense, resulting mostly from the abandonment of an enterprise resource planning cloud computing arrangement of $32.5 million in 2022 and a $9.6 million decrease in personnel expenses, commissions and stock option expense, offset by an increase of $13.6 million in professional fees, primarily related to non-recurring severance payments, termination of a lease agreement and related expenses and impairment of assets held-for-sale.” 10-K for 2023
Our summaryCompany reported certain severance and benefit costs for reductions-in-force in 2023, recorded within adjusted EBITDA adjustments.
Word for word“For the year ended December 31, 2023, includes charges to remove leasehold improvements and return multiple Washington-based warehouses of $382,000, and charges related to severance and benefit costs for reductions-in-force of $5.2 million.” 10-K for 2024
Our summaryCompany recorded severance and benefit costs related to certain management departures.
Word for word“For the year ended December 31, 2024, includes severance and benefit costs related to certain management departures of $2.1 million.” 10-K for 2024
Our summaryCompany stated that selling, general and administrative expenses decreased in 2024 partly due to non-recurring severance payments and other items recorded in 2023.
Word for word“The decrease was driven primarily by a $19.5 million decrease in personnel expenses, commissions and stock option expense, a $12.3 million decrease in professional fees, primarily related to non-recurring severance payments, termination of a lease agreement and related expenses and impairment of assets held-for-sale during the year ended December 31, 2023, offset by an increase in advertising and marketing fees of $20.3 million in 2024, primarily in support of our direct-to-consumer channel.” 10-K for 2024
Funko 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 Funko’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 2026-03-12. 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.