Keurig Dr Pepper layoffs, on the record
Every job cut, severance charge and restructuring Keurig Dr Pepper reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 28,100 to approximately 30,600.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 28,100 | — |
| 10-K for 2024 | approximately 29,400 | — |
| 10-K for 2025 | approximately 30,600 | — |
Job cuts, severance and restructuring
Our summaryKeurig Dr Pepper began a 2023 CEO succession and associated realignment of its executive and operating leadership structure, expected to cost about $52 million mainly in severance and a sign-on bonus for a new Chief Operating Officer.
Word for word“The program is expected to incur charges of approximately $ 52 million, primarily driven by severance costs, which are expected to be incurred through 2024, and the sign-on bonus for the Company’s new Chief Operating Officer.” 10-K for 2023
Our summaryThe company recorded restructuring and integration charges of $35 million in 2023 for the CEO Succession and Associated Realignment program.
Word for word“Restructuring and integration charges for the defined programs during the years ended December 31, 2023, 2022, and 2021 were as follows: Year Ended December 31, (in millions) 2023 2022 2021 2023 CEO Succession and Associated Realignment $ 35 $ — $ — DPS Integration — 172 202 Total restructuring and integration charges $ 35 $ 172 $ 202 Restructuring liabilities, primarily consisting of workforce reduction costs, as of December 31, 2023 and 2022 were as follows: (in millions) Restructuring Liabilities Balance as of December 31, 2021 $ 19 Charges to expense 66 Cash payments ( 30 ) Balance as of December 31, 2022 55 Charges to expense 18 Cash payments ( 46 ) Balance as of December 31, 2023 $ 27 106 Table of Contents KEURIG DR PEPPER INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) 20.” 10-K for 2023
Our summaryThe DPS Integration Program, tied to the DPS Merger, was designed to deliver $600 million in synergies and included employee separations; it recorded charges of $172 million in 2022 and $202 million in 2021, with cumulative pre-tax charges of about $962 million.
Word for word“The restructuring and integration program resulted in cumulative pre-tax charges of approximately $ 962 million, primarily consisting of professional fees related to the integration and transformation and costs associated with severance and employee terminations.” 10-K for 2023
Our summaryRestructuring liabilities, primarily workforce reduction costs, were reduced to $27 million by the end of 2023 after cash payments of $46 million.
Word for word“Restructuring liabilities, primarily consisting of workforce reduction costs, as of December 31, 2023 and 2022 were as follows: (in millions) Restructuring Liabilities Balance as of December 31, 2021 $ 19 Charges to expense 66 Cash payments ( 30 ) Balance as of December 31, 2022 55 Charges to expense 18 Cash payments ( 46 ) Balance as of December 31, 2023 $ 27 106 Table of Contents KEURIG DR PEPPER INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) 20.” 10-K for 2023
Our summaryAnnounced a 2024 Network Optimization restructuring program, including closure of the Williston, Vermont manufacturing facility with operations and employees relocating to other existing manufacturing locations.
Word for word“In March 2024, we announced a restructuring program designed to more effectively and efficiently meet the needs of consumers and customers.” 10-K for 2024
Our summaryAnnounced closure of the Windsor, Virginia manufacturing facility as part of the 2024 Network Optimization program.
Word for word“In July 2024, we also announced the closure of our Windsor, Virginia manufacturing facility, which is expected to begin in the first quarter of 2025.” 10-K for 2024
Our summaryRealigned executive and operating leadership structure as part of the 2023 CEO Succession and Associated Realignment program, primarily severance costs.
Word for word“The program is expected to incur charges of approximately $ 85 million, primarily driven by severance costs, which were substantially completed as of December 31, 2024, and the sign-on bonus for Mr. Cofer.” 10-K for 2024
Our summaryRecorded restructuring liabilities, primarily workforce reduction costs, with charges to expense and cash payments during 2024.
Word for word“Restructuring liabilities, primarily consisting of workforce reduction costs, were as follows: (in millions) Restructuring Liabilities Balance as of December 31, 2022 $ 55 Charges to expense 18 Cash payments ( 46 ) Balance as of December 31, 2023 27 Charges to expense 34 Cash payments ( 17 ) Balance as of December 31, 2024 $ 44 21.” 10-K for 2024
Our summaryThe company announced a restructuring program to close certain facilities and optimize its manufacturing and distribution footprint, with expected pre-tax charges through 2026.
Word for word“The restructuring program is expected to incur pre-tax restructuring charges in an estimated range of $ 170 million to $ 190 million through 2026, primarily comprised of asset related costs.” 10-K for 2025
Our summaryThe company carried out CEO succession planning and realigned its executive and operating leadership team, with charges mainly for severance and the CEO sign-on bonus.
Word for word“The program is expected to incur charges of approximately $ 80 million, primarily driven by severance costs, which were substantially completed as of December 31, 2024, and the sign-on bonus for our CEO.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Restructuring costs incurred | Cash paid for restructuring |
|---|---|---|---|
| 2017-09-30 | $44 million | $45 million | $16 million |
| 2018-12-31 | $170 million | $64 million | $35 million |
| 2019-12-31 | $233 million | $31 million | $44 million |
| 2020-12-31 | $200 million | $31 million | $29 million |
| 2021-12-31 | $202 million | — | — |
| 2022-12-31 | $172 million | — | — |
| 2023-12-31 | $35 million | — | — |
| 2024-12-31 | $91 million | — | — |
| 2025-12-31 | $63 million | — | — |
Keurig Dr Pepper 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 Keurig Dr Pepper’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 2026-02-24. 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.