La-z-boy layoffs, on the record
Every job cut, severance charge and restructuring La-z-boy reported in its annual reports, 2024 to 2026, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2024 | approximately 10,200 full-time equivalent employees | the end of fiscal 2024 |
| 10-K for 2025 | approximately 10,600 | end of fiscal 2025 |
| 10-K for 2026 | approximately 10,200 | the end of fiscal 2026 |
Job cuts, severance and restructuring
Our summaryClosed the Torreón, Mexico manufacturing facility as part of an initiative to optimize staffing levels, with charges recorded in fiscal 2023 mainly for asset impairment and severance.
Word for word“During the third quarter of fiscal 2023, we made the decision to close our manufacturing facility in Torreón, Mexico as part of our initiative to drive improved efficiencies through optimized staffing levels within our plants.” 10-K for 2024
Our summaryTerminated the Torreón facility lease and recognized a gain on settlement of the lease obligation.
Word for word“During the first quarter of fiscal 2024, we terminated our lease on the Torreón facility and recognized a $1.2 million gain in SG&A expense within the Wholesale segment related to the settlement of our lease obligation on the previously impaired long-lived assets.” 10-K for 2024
Our summaryShifted upholstery production from Ramos, Mexico and permanently closed the leased cut and sew facility in Parras, Mexico, with the closure expected to be completed by the end of the first quarter of fiscal 2025.
Word for word“As part of this initiative, we made the decision to shift upholstery production from our Ramos, Mexico operations to our other upholstery plants and relocate our cut and sew operations back to Ramos, Mexico, resulting in the permanent closure of our leased cut and sew facility in Parras, Mexico, which is expected to be completed by the end of the first quarter of fiscal 2025.” 10-K for 2024
Our summaryShifted upholstery production from Ramos, Mexico to other upholstery plants, relocated cut and sew operations back to Ramos, and permanently closed the leased cut and sew facility in Parras, Mexico, with severance and impairment charges recorded in fiscal 2024.
Word for word“As a result of these actions, charges were recorded within the Wholesale segment in the second, third, and fourth quarters of fiscal 2024, totaling $4.3 million in cost of sales, primarily related to severance, and $4.2 million in SG&A expense for the accelerated depreciation and impairment of fixed assets.” 10-K for 2025
Our summaryRecorded impairment of United Kingdom reporting unit goodwill and long-lived assets following a customer transition and weak demand in the UK.
Word for word“Additionally, as result of a significant customer transition and a challenging consumer demand environment in the United Kingdom, during the fourth quarter of fiscal 2025, we recorded charges within the Wholesale segment of $20.6 million for the full impairment of the United Kingdom reporting unit's goodwill and $2.1 million in SG&A expense for the impairment of various long-lived assets in the United Kingdom.” 10-K for 2025
Our summaryOptimized manufacturing capacity in the United Kingdom to meet current demand, recording severance-related charges.
Word for word“Further, as we continue to drive efficiencies and optimize our manufacturing capacity in the United Kingdom to meet current demand, during the fourth quarter of fiscal 2025 we recorded severance-related charges of $1.1 million in cost of sales within the Wholesale segment.” 10-K for 2025
Our summaryThe company announced the closure of its United Kingdom manufacturing business, and operations ceased at the end of fiscal 2026.
Word for word“During fiscal 2026, due to continued challenges in the macroeconomic environment in the United Kingdom, we announced the closure of the United Kingdom manufacturing business and operations ceased at the end of fiscal 2026.” 10-K for 2026
Our summaryThe company recorded charges in cost of sales for the United Kingdom closure, mainly severance and an inventory write-down.
Word for word“We recorded charges of $5.8 million in cost of sales related to this action, primarily for severance and the write-down of remaining inventory balances.” 10-K for 2026
La-z-boy 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 La-z-boy’s annual reports (10-K for 2026, 10-K for 2025, 10-K for 2024) and the financial data it files with the SEC, as of 2026-06-16. 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.