HF Foods layoffs, on the record
Every job cut, severance charge and restructuring HF Foods reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 1,049 total employees to nearly 1,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 1,049 total employees | As of December 31, 2023 |
| 10-K for 2024 | 1,015 full-time employees, 26 part-time employees and 33 temporary employees through staffing agencies | December 31, 2024 |
| 10-K for 2025 | nearly 1,000 | — |
Job cuts, severance and restructuring
Our summaryThe company entered into a Severance Agreement and General Release with its former Chief Executive Officer, Mr. Zhang, in connection with his departure.
Word for word“Pursuant to the Severance Agreement, which includes a general release of claims by Mr. Zhang against the Company, Mr. Zhang will be entitled to receive standard severance benefits provided to a Chief Executive Officer under the Company's Amended and Restated Severance Plan, which consists of payment of base salary multiplied by two , totaling $ 1.35 million, and payment of COBRA premiums, for up to 12 months.” 10-K for 2024
Our summaryThe company reported severance and related expenses for the transition of executive officers and organizational redesign, and facility closure costs, as expense items in its results.
Word for word“(4) Includes severance and related expenses for the Company's transition of executive officers and organizational redesign.” 10-K for 2024
Our summaryThe company recorded severance and related expenses for transitioning executive officers and redesigning its organization.
Word for word“(3) Includes severance and related expenses for the Company’s transition of executive officers and organizational redesign.” 10-K for 2025
HF Foods 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 HF Foods’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 2026-03-16. 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.