Helen of Troy layoffs, on the record
Every job cut, severance charge and restructuring Helen of Troy reported in its annual reports, 2024 to 2026, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2024 | 1,927 full-time associates | February 29, 2024 |
| 10-K for 2026 | 1,854 | February 28, 2026 |
Job cuts, severance and restructuring
Our summaryInitiated a global restructuring plan referred to as Project Pegasus to expand operating margins and reduce costs.
Word for word“During Phase II, we also initiated a global restructuring plan referred to as “Project Pegasus” intended to expand operating margins through initiatives designed to improve efficiency and effectiveness and reduce costs.” 10-K for 2024
Our summaryThe company recorded severance and employee related charges for personnel reductions that were outside the scope of Project Pegasus.
Word for word“During fiscal 2026, we incurred $3.0 million of pre-tax restructuring charges for severance and employee related costs as a result of personnel reductions outside of the scope of Project Pegasus.” 10-K for 2026
Our summaryThe company ran Project Pegasus, a global restructuring plan to improve efficiency and cut costs, and finished it in the fourth quarter of fiscal 2025.
Word for word“During the fourth quarter of fiscal 2025, we completed Project Pegasus, but still expect to realize the targeted savings through fiscal 2027.” 10-K for 2026
Our summaryThe company took restructuring charges under Project Pegasus in fiscal 2025, mostly for severance, professional fees and contract termination costs.
Word for word“We incurred $14.8 million of pre-tax restructuring costs related primarily to severance and employee related costs, professional fees and contract termination costs under Project Pegasus.” 10-K for 2026
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2017-02-28 | $0 | — |
| 2018-02-28 | $1.9 million | $1.3 million |
| 2019-02-28 | $3.6 million | — |
| 2020-02-29 | $3.3 million | $8 million |
| 2021-02-28 | $350,000 | $1.1 million |
| 2022-02-28 | $380,000 | — |
| 2023-02-28 | $27.4 million | — |
| 2024-02-29 | $18.7 million | — |
| 2025-02-28 | $14.8 million | — |
| 2026-02-28 | $3 million | — |
Helen of Troy filed 2 restructuring notices (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 Helen of Troy’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 2026-04-23. 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.