Kenvue layoffs, on the record
Every job cut, severance charge and restructuring Kenvue reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 22,000 to approximately 22,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 22,000 | December 31, 2023 |
| 10-K for 2024 | approximately 22,000 | As of December 29, 2024 |
| 10-K for 2025 | approximately 22,000 | December 28, 2025 |
Job cuts, severance and restructuring
Our summaryCompany describes a restructuring program it completed; the supply chain restructuring from 2018 was finished in fiscal 2022 with no costs recognized in fiscal 2023.
Word for word“The program was completed in the fiscal fourth quarter of fiscal year 2022 and as such, no costs were recognized for this program in the fiscal twelve months ended December 31, 2023.” 10-K for 2023
Our summaryCompany reports restructuring expenses and operating model optimization initiatives as a reconciling item to segment profit, with a charge in fiscal 2023.
Word for word“Restructuring expenses and operating model optimization initiatives (2) 32 100 Conversion of stock-based awards (3) 55 — Founder Shares (4) 9 — Other operating income, net (10) (23) General corporate/unallocated expenses 296 298 Operating income $ 2,512 $ 2,675 Other expense, net 72 38 Interest expense 250 — Income before taxes $ 2,190 $ 2,637 (1) In the first quarter of fiscal year 2023, we adjusted the allocation for certain intangible asset amortization costs within Cost of Sales to align with segment financial results as measured by us, including the CODM.” 10-K for 2023
Our summaryCompany records severance benefit obligations on its balance sheet at year end.
Word for word“Severance benefits 39 — Total employee obligations 386 221 Less: current benefits in Accrued liabilities ( 26 ) ( 7 ) Employee related obligations - non-current $ 360 $ 214 7. Pensions In connection with the completion of the Separation, the Company converted all multiemployer plans to a multiple employer plan or a single-employer plan.” 10-K for 2023
Our summaryBoard approved a multi-year restructuring initiative (the 2024 Multi-Year Restructuring Initiative) that primarily includes global workforce reductions, changes in management structure, and transition to centralized shared-service functions in lower-cost locations.
Word for word“To further Our Vue Forward, on May 6, 2024, our Board approved a multi-year initiative (the “2024 Multi-Year Restructuring Initiative”) to build on our strengths, improve our underlying information technology infrastructure, and optimize our cost structure by rebalancing resources to better position us for future growth.” 10-K for 2024
Our summaryRestructuring expenses were recorded for global workforce reductions, management structure changes and shared-service transition under Our Vue Forward, including employee-related, IT and project-related, and other implementation costs.
Word for word“Restructuring expenses were $185 million for the fiscal twelve months ended December 29, 2024, driven by costs incurred under Our Vue Forward related to global workforce reductions, changes in management structure, and the transition to centralized shared-service functions in lower-cost locations, as we began strategic initiatives intended to enhance organizational efficiencies and better position Kenvue for future growth.” 10-K for 2024
Our summaryThe Board approved a new restructuring initiative to optimize the operating model, transform the supply chain, reduce complexity and improve efficiency.
Word for word“Restructuring See Note 20, “Subsequent Events,” to the Consolidated Financial Statements included herein for information about our restructuring initiative approved by our Board on February 17, 2026.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2022-01-02 | $117 million | — |
| 2023-01-01 | $0 | — |
| 2023-12-31 | $0 | — |
| 2024-12-29 | $185 million | $116 million |
| 2025-12-28 | $290 million | $289 million |
Kenvue filed 2 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 Kenvue’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 2026-02-20. 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.