Stratrix
On the Record · J Crew

J Crew layoffs, on the record

Every job cut, severance charge and restructuring J Crew reported in its annual reports, 2017 to 2019, quoted from the filings. Headcount went from approximately 12,400 to approximately 12,400.

Headcount, as reported

Annual reportEmployeesAs of
10-K for 2018approximately 12,400February 3, 2018
10-K for 2019approximately 12,400February 3, 2018

Job cuts, severance and restructuring

  1. Our summarySG&A fell in fiscal 2016 partly because charges from a workforce reduction taken the prior year did not recur, reducing SG&A by $4.8 million.

    Word for word“Charges related to a workforce reduction last year (4.8 )” 10-K for 2017

  2. Our summaryInitiated a workforce reduction as part of a strategic reorganization. April 2017

    Word for word“We initiated a workforce reduction as part of a strategic reorganization in April 2017.” 10-K for 2018

  3. Our summaryInitiated the elimination of full-time store positions as part of a reorganization, with a planned reduction in force. Affected: approximately 600 full-time store positions

    Word for word“As part of this reorganization, the Company initiated the elimination of approximately 600 full-time store positions.” 10-K for 2018

  4. Our summaryClosed stores, with associated severance and related cost reserve recorded. fiscal 2017

    Word for word“In fiscal 2017, the Company closed 51 stores.” 10-K for 2018

  5. Our summaryThe company announced that its Board and the former CEO reached a mutual agreement under which he stepped down as CEO and director, and the related severance costs are included in the severance reserve rollforward. On November 17, 2018

    Word for word“On November 17, 2018, the Company announced that a mutual agreement was reached by the Board of Directors of the Company and its former Chief Executive Officer, who stepped down as Chief Executive Officer and director of the Company.” 10-K for 2019
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedSeverance costs
2018-02-03$12.2 million
2019-02-02$12.8 million

J Crew 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 J Crew’s annual reports (10-K for 2019, 10-K for 2018, 10-K for 2017) and the financial data it files with the SEC, as of 2019-03-20. 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.