Hormel Foods layoffs, on the record
Every job cut, severance charge and restructuring Hormel Foods reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 20,000 to approximately 20,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 20,000 | October 29, 2023 |
| 10-K for 2024 | approximately 20,000 | October 27, 2024 |
| 10-K for 2025 | approximately 20,000 | As of October 26, 2025 |
Job cuts, severance and restructuring
Our summaryHormel began a corporate restructuring plan to cut administrative costs and align its workforce with future needs, including early retirement, closing open roles, involuntary role reductions and benefit changes.
Word for word“Furthermore, in the fourth quarter of fiscal 2025, the Company commenced a corporate restructuring plan, the focus of which is to reduce administrative expenses, improve efficiencies, and align the workforce to the Company’s future needs, while enabling continued investment in the Company’s growth.” 10-K for 2025
Our summaryThe company expects total restructuring charges for pension benefits, cash severance, other employee benefit costs and professional fees.
Word for word“The Company expects to incur restructuring charges in the range of $ 20.0 million to $ 25.0 million for one-time pension benefits, cash severance payments, other employee benefit costs, and professional fees.” 10-K for 2025
Our summaryThe company recorded restructuring costs in fiscal 2025.
Word for word“The Company recognized $ 13.3 million of costs associated with restructuring activities during fiscal 2025.” 10-K for 2025
Our summaryThe company approved a voluntary early retirement program with a one-time pension benefit enhancement for eligible non-bargaining unit pension plan participants.
Word for word“(1) As part of the corporate restructuring plan, the Company approved a voluntary early retirement program for eligible participants of the non-bargaining unit pension plan.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2025-10-26 | $13.3 million | $0 |
Hormel Foods 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 Hormel 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 2025-12-05. 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.