Hershey layoffs, on the record
Every job cut, severance charge and restructuring Hershey reported in its annual reports, 2023 to 2025, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 18,650 full-time and 1,855 part-time employees | December 31, 2023 |
| 10-K for 2024 | approximately 18,540 full-time and 1,490 part-time employees | December 31, 2024 |
| 10-K for 2025 | approximately 17,550 full-time and 2,045 part-time employees | As of December 31, 2025 |
Job cuts, severance and restructuring
Our summaryRecorded business realignment costs under the International Optimization Program, including severance and employee benefit costs.
Word for word“Costs recorded by program in 2023, 2022 and 2021 related to these activities were as follows: For the years ended December 31, 2023 2022 2021 International Optimization Program: Severance and employee benefit costs $ 441 $ 2,001 $ 3,982 Other program costs 2,999 2,416 12,617 Total $ 3,440 $ 4,417 $ 16,599.” 10-K for 2023
Our summaryBoard approved the Advancing Agility & Automation Initiative, a multi-year productivity program with restructuring elements.
Word for word“Additionally, in February 2024, the Board of Directors approved the Advancing Agility & Automation Initiative, which is a multi-year productivity program to improve supply chain and manufacturing-related spend, optimize selling, general and administrative expenses, leverage new technology and business models to further simplify and automate processes, and generate long-term savings.” 10-K for 2023
Our summaryBoard approved the Advancing Agility & Automation Initiative, a multi-year productivity program that includes employee severance costs.
Word for word“Additionally, in February 2024, the Board of Directors approved the Advancing Agility & Automation Table of Contents The Hershey Company | 2024 Form 10-K | Page 13 Initiative, which is a multi-year productivity program to improve supply chain and manufacturing-related spend, optimize selling, general and administrative expenses, leverage new technology and business models to further simplify and automate processes, and generate long-term savings.” 10-K for 2024
Our summaryCompany recorded severance and other restructuring costs under the Advancing Agility & Automation Initiative and the International Optimization Program.
Word for word“us-gaap:EmployeeSeveranceMember hsy:AdvancingAgilityAutomationInitiativeMember 2024-01-01 2024-12-31 0000047111 us-gaap:EmployeeSeveranceMember hsy:AdvancingAgilityAutomationInitiativeMember 2023-01-01 2023-12-31” 10-K for 2024
Our summaryThe Board of Directors approved the Advancing Agility & Automation (AAA) Initiative, a multi-year productivity program to cut costs, simplify and automate processes, and generate long-term savings.
Word for word“For instance, in February 2024, the Board of Directors approved the AAA Initiative, which is a multi-year productivity program to improve supply chain and manufacturing-related spend, optimize selling, general and administrative expenses, leverage new technology and business models to further simplify and automate processes, and generate long-term savings.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2016-12-31 | $93.9 million | $31.5 million |
| 2017-12-31 | $69.4 million | $26.5 million |
| 2018-12-31 | $51.8 million | $51 million |
| 2019-12-31 | $9.2 million | $14.7 million |
| 2020-12-31 | $31.5 million | $25.7 million |
| 2021-12-31 | $16.6 million | $20.4 million |
| 2022-12-31 | $4.4 million | — |
| 2023-12-31 | $3.4 million | — |
| 2024-12-31 | $117.5 million | $18.6 million |
| 2025-12-31 | $59.4 million | $22.4 million |
Hershey 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 Hershey’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 2026-02-17. 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.