JBS layoffs, on the record
Every job cut, severance charge and restructuring JBS reported in its annual reports, 2023 to 2024, quoted from the filings. Headcount went from 272,565 to 281,974.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 20-F for 2023 | 272,565 | December 31, 2023 |
| 20-F for 2024 | 281,974 | December 31, 2024 |
Job cuts, severance and restructuring
Our summaryThe company excluded restructuring expenses from Adjusted EBITDA, tied to several restructuring initiatives mainly at its subsidiary Pilgrim's Pride Corporation.
Word for word“(e) Refers to the project implementation of multiple restructuring initiatives mainly in our indirect subsidiary Pilgrim’s Pride Corporation (PPC).” 20-F for 2023
Our summaryThe company recorded an asset impairment tied to the closure of the Planterra plant in 2023.
Word for word“(d) Refers to the impairment of assets related to Planterra's plant closure in 2023.” 20-F for 2023
Our summaryRestructuring expenses rose in 2024 compared with 2023, adding to other expenses.
Word for word“Our other expenses increased by US$67 million, or 54.8%, in 2024, as compared to 2023, primarily due to (1) reversal of extemporaneous credits amounting to US$58.7 million in 2024, (2) an increase in restructuring expenses totaling US$93.4 million in 2024, as compared to US$44.3 million in 2023, partially offset by a decrease in losses on asset sales, totaling US$16.6 million in 2024, as compared to US$29.0 million in 2023.” 20-F for 2024
Our summaryThe company reorganized its Moy Park and Pilgrim's Food Masters units through restructuring at Pilgrim's Pride in Europe, which closed some European facilities.
Word for word“The purpose of these activities is to integrate core operations and reallocate processing capacities across production facilities, resulting in the closure of some facilities in Europe.” 20-F for 2024
JBS 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 JBS’s annual reports (20-F for 2024, 20-F for 2023) and the financial data it files with the SEC, as of 2025-03-26. 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.