Interface layoffs, on the record
Every job cut, severance charge and restructuring Interface reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 3,619 to 3,570.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 3,619 | December 31, 2023 |
| 10-K for 2024 | 3,636 | At December 29, 2024 |
| 10-K for 2025 | 3,570 | December 28, 2025 |
Job cuts, severance and restructuring
Our summaryCompleted the 2021 restructuring plan, which involved a reduction of about 188 employees and closing the Thailand manufacturing facility; the plan was committed to on September 8, 2021.
Word for word“The plan involved a reduction of approximately 188 employees and the closure of the Company’s manufacturing facility in Thailand at the end of the first quarter of 2022.” 10-K for 2023
Our summaryCompleted the 2021 restructuring plan in the second quarter of 2023 after selling the Thailand facility, which yielded a gain of $2.7 million.
Word for word“The Company completed the 2021 restructuring plan in the second quarter of 2023, following the sale of the Thailand facility, as described in Note 7 entitled “Property, Plant and Equipment,” and expected the plan to yield annualized savings of approximately $ 1.7 million.” 10-K for 2023
Our summaryRecorded higher SG&A severance costs driven by employee headcount reductions and initiatives to reduce future costs.
Word for word“(ii) $6.3 million of higher severance costs driven by employee headcount reductions and initiatives to reduce future costs, (iii) $4.4 million of higher professional fees, and (iv) $1.9 million of higher variable compensation costs.” 10-K for 2023
Our summaryCompleted the 2019 restructuring plan, which involved a reduction of about 105 employees and early termination of two office leases.
Word for word“The plan involved a reduction of approximately 105 employees and early termination of two office leases.” 10-K for 2023
Our summaryThe filing reports lower severance costs in 2024 than the prior year, linked to a headcount reduction and cost saving initiatives taken in 2023.
Word for word“Consolidated SG&A expenses increased $9.5 million (2.8%) in 2024 compared to 2023, primarily due to higher people costs of $15.7 million driven by increased variable compensation as a result of higher operating income compared to 2023, partially offset by lower severance costs of $5.6 million driven by employee headcount reduction and cost saving initiatives in the prior year period.” 10-K for 2024
Our summaryThe company sold the Thailand facility, recognizing a gain, and reported the restructuring plan as completed.
Word for word“During the second quarter of 2023, the Company completed the sale of the Thailand real estate and recognized a gain of $2.7 million.” 10-K for 2024
Our summarySeverance costs in selling, general and administrative expenses rose in 2025 because of employee separations.
Word for word“For 2025, consolidated SG&A expenses were $373.4 million versus $348.5 million in 2024.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2018-12-30 | — | $53,000 |
| 2019-12-29 | $7.9 million | $8.4 million |
| 2021-01-03 | −$4.6 million | $5.8 million |
| 2022-01-02 | $3.6 million | $681,000 |
| 2023-01-01 | $2 million | $2.4 million |
| 2023-12-31 | $178,000 | $460,000 |
Interface filed 4 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 Interface’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 2026-02-25. 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.