Genesco layoffs, on the record
Every job cut, severance charge and restructuring Genesco reported in its annual reports, 2024 to 2026, quoted from the filings. Headcount went from approximately 18,000 to approximately 16,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2024 | approximately 18,000 | February 3, 2024 |
| 10-K for 2025 | approximately 18,000 | February 1, 2025 |
| 10-K for 2026 | approximately 16,000 | January 31, 2026 |
Job cuts, severance and restructuring
Our summaryRecorded asset impairment and other charges in Fiscal 2024 that included severance costs, partly offset by an insurance gain.
Word for word“The pretax loss for Fiscal 2024 included a non-cash goodwill impairment charge of $28.5 million and asset impairment and other charges of $1.8 million which included $1.1 million for severance and $1.0 million for asset impairments, partially offset by a $0.3 million insurance gain.” 10-K for 2024
Our summaryRecorded severance costs within the Journeys Group segment as part of asset impairments and other charges.
Word for word“Asset impairments and other includes $ 1.1 million for severance and a $ 1.0 million charge for asset impairments in the Journeys Group, partially offset by a $ 0.3 million insurance gain.” 10-K for 2024
Our summaryFiscal 2025 asset impairment and other charges included severance costs.
Word for word“Earnings from continuing operations before income taxes (“pretax earnings") for Fiscal 2025 was $9.3 million, compared to a loss from continuing operations before income taxes ("pretax loss") of $21.8 million for Fiscal 2024.” 10-K for 2025
Our summaryThe company recorded a pretax charge that included severance in Fiscal 2025.
Word for word“We recorded a pretax charge to earnings of $ 3.2 million in Fiscal 2025, including $ 1.8 million for severance and $ 1.4 million for asset impairments.” 10-K for 2025
Our summaryThe company recorded a pretax charge that included severance in Fiscal 2024.
Word for word“We recorded a pretax charge to earnings of $ 1.8 million in Fiscal 2024, including $ 1.1 million for severance and $ 1.0 million for asset impairments, partially offset by a $ 0.3 million insurance gain.” 10-K for 2025
Our summaryFiscal 2025 corporate expense included a severance charge within asset impairment and other charges.
Word for word“Corporate and other expense in Fiscal 2025 included a $3.2 million charge in asset impairment and other charges which included $1.8 million for severance and $1.4 million for asset impairments.” 10-K for 2025
Our summaryThe company recorded pretax charges in Fiscal 2026 that included store restructuring, information technology transformation costs, asset impairments and severance.
Word for word“We recorded a pretax charge to earnings of $ 8.1 million in Fiscal 2026, including $ 3.9 million for store restructuring, $ 2.9 million for costs associated with information technology transformation, $ 0.7 million for asset impairments and $ 0.6 million for severance.” 10-K for 2026
Our summaryThe company is moving certain information technology services to a third-party provider and expects to keep much of its current IT staff.
Word for word“We expect this information technology restructuring initiative to be ongoing at least through Fiscal 2027.” 10-K for 2026
Genesco filed 1 restructuring notice (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Genesco’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.