Krispy Kreme layoffs, on the record
Every job cut, severance charge and restructuring Krispy Kreme reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 22,800 to approximately 17,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 22,800 | December 31, 2023 |
| 10-K for 2024 | approximately 21,000 | December 29, 2024 |
| 10-K for 2025 | approximately 17,000 | December 28, 2025 |
Job cuts, severance and restructuring
Our summaryDiscontinued production at its Concord, North Carolina and Winston-Salem, North Carolina manufacturing facilities, with non-recurring expenses including employee severance.
Word for word“As a result, we discontinued production at our Concord, North Carolina and Winston-Salem, North Carolina manufacturing facilities.” 10-K for 2023
Our summaryDecided to exit the pre-packaged Branded Sweet Treats business, recording non-recurring expenses including employee severance.
Word for word“During the fiscal year ended December 31, 2023, the Company decided to exit its pre-packaged Branded Sweet Treats business due in part to its dilutive impact on profit margins, as well as to allow the Company to focus on its fresh doughnuts business.” 10-K for 2023
Our summaryRecorded restructuring and severance expenses, primarily for restructuring of the global executive team.
Word for word“(7) Fiscal 2023 and fiscal 2022 consist primarily of costs associated with restructuring of the global executive team.” 10-K for 2023
Our summaryRestructuring of the U.S. and U.K. executive teams, recorded as restructuring and severance expenses in fiscal 2024.
Word for word“Fiscal 2024 consists primarily of costs associated with the restructuring of the U.S. and U.K. executive teams.” 10-K for 2024
Our summaryRestructuring of the global executive team, recorded as restructuring and severance expenses in fiscal 2023 and 2022.
Word for word“Fiscal 2023 and 2022 consist primarily of costs associated with restructuring of the global executive team.” 10-K for 2024
Our summaryThe company recorded restructuring and severance costs, mainly for restructuring its U.S. and U.K. businesses, in fiscal 2025.
Word for word“(6) Fiscal 2025 consists primarily of costs associated with restructuring of the U.S. and U.K. businesses.” 10-K for 2025
Our summaryThe company restructured its global executive team in fiscal 2023 and recorded related costs.
Word for word“Fiscal 2023 consists primarily of costs associated with restructuring of the global executive team.” 10-K for 2025
Our summaryThe company decided to exit its Branded Sweet Treats business and recorded impairments, inventory write-offs, employee severance and other costs.
Word for word“As such, the Company recognized non-recurring expenses, including property, plant and equipment impairments, inventory write-offs, employee severance, and other related costs, totaling approximately $ 17.9 million (gross of income taxes) in fiscal 2023.” 10-K for 2025
| Fiscal year ended | Restructuring charges |
|---|---|
| 2019-12-29 | $583,000 |
| 2021-01-03 | $0 |
| 2022-01-02 | $1.7 million |
| 2023-01-01 | $7.1 million |
| 2023-12-31 | $5 million |
| 2024-12-29 | $7.6 million |
| 2025-12-28 | $6.4 million |
Krispy Kreme 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 Krispy Kreme’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 2026-03-06. 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.