Joann layoffs, on the record
Every job cut, severance charge and restructuring Joann reported in its annual reports, 2021 to 2023, quoted from the filings. Headcount went from approximately 27,500 to approximately 20,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2021 | approximately 27,500 | January 30, 2021 |
| 10-K for 2022 | approximately 22,000 | January 29, 2022 |
| 10-K for 2023 | approximately 20,000 | January 28, 2023 |
Job cuts, severance and restructuring
Our summaryThe filing mentions one-time severance expenses, among other one-time items, within the 'Other' category of expenses in a footnote.
Word for word“( 8 ) “Other” represents one-time severance, certain legal, executive leadership transition and business transition expenses.” 10-K for 2021
Our summaryThe filing mentions one-time severance and business transition activities recorded as an 'Other' item in a reconciliation, without giving amounts in the excerpt.
Word for word“(10) “Other” represents the one-time impact of severance, certain legal matters, executive leadership transition and business transition activities.” 10-K for 2022
Joann 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 Joann’s annual reports (10-K for 2023, 10-K for 2022, 10-K for 2021) and the financial data it files with the SEC, as of 2023-04-04. 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.