Levi's layoffs, on the record
Every job cut, severance charge and restructuring Levi's reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 19,100 to approximately 19,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 19,100 | November 26, 2023 |
| 10-K for 2024 | approximately 18,700 | December 1, 2024 |
| 10-K for 2025 | approximately 19,000 | November 30, 2025 |
Job cuts, severance and restructuring
Our summaryCompany began a global productivity initiative, first phase planned to cut 10% to 15% of global corporate positions, with restructuring charges expected in the first quarter of 2024.
Word for word“The first phase of the global productivity initiative is expected to occur in the first half of 2024 and is expected to include a 10 - 15% reduction in positions within our global corporate workforce.” 10-K for 2023
Our summaryCompany recorded restructuring charges, net, mainly severance and other post-employment benefits from a restructuring initiative begun the prior year.
Word for word“During the year ended November 26, 2023, we recognized restructuring charges of $20.3 million as compared to $9.1 million in the prior year.” 10-K for 2023
Our summaryCompany recorded other executive severance and separation charges, along with consulting costs for its restructuring initiative and Russia wind-down severance.
Word for word“For the year ended November 26, 2023, restructuring and restructuring related charges, severance and other, net primarily relates to net restructuring charges of $20.3 million, other executive severance and separation charges of $9.5 million, consulting costs associated with our restructuring initiative of $5.0 million, costs associated with the wind-down of the Russia business, including severance of $3.8 million.” 10-K for 2023
Our summaryBegan a restructuring plan in the first quarter of fiscal 2024 to accelerate its Brand Led and DTC First strategies, including a reduction in workforce.
Word for word“In the first quarter of fiscal year 2024, we began implementing a restructuring plan to accelerate the execution of our Brand Led and DTC First strategies while fueling long-term profitable growth, with a focus on optimizing our operating model and structure, how we go to market, redesigning business processes and identifying opportunities to reduce costs and simplify processes across our organization.” 10-K for 2024
Our summaryCompleted the first phase of a two-year global productivity initiative, recording restructuring charges mainly for severance, other post-employment benefits, contract terminations and asset impairments.
Word for word“The first phase of the global productivity initiative was completed primarily in the first half of 2024, resulting in the Company recognizing $188.7 million in restructuring charges for the year ended December 1, 2024, primarily due to severance, other post-employment benefits, contract terminations and asset impairments, recorded within "Restructuring charges, net" in the consolidated statements of income.” 10-K for 2024
Our summaryRecorded restructuring-related charges including consulting fees and an impairment of capitalized internal-use software tied to discontinued technology projects under Project Fuel.
Word for word“During the year ended December 1, 2024, we also recognized $54.3 million of restructuring related charges primarily consisting of consulting fees and an impairment charge of $11.1 million related to capitalized internal-use software as a result of the decision to discontinue certain technology projects in connection with Project Fuel, recorded within Selling, general, and administrative expenses ("SG&A") in the Company's consolidated statements of income, and $5.5 million in goodwill impairment charges related to our footwear business as a result of the decision to discontinue the category recorded within Goodwill and other intangible impairment charges in the Company's consolidated statements of income.” 10-K for 2024
Our summaryChanging its distribution strategy from owned and operated centers to a mix including third-party operated centers, resulting in the sale, lease or transfer of certain distribution centers to third-party logistics providers.
Word for word“Additionally, the Company is changing its distribution strategy from an owned and 46 Table of Contents operated model to a mix of owned and third-party operated distribution centers, which has and will continue to result in the sale, lease or transfer of certain distribution centers currently owned and operated by the Company to third-party logistics providers.” 10-K for 2024
Our summaryThe company began a multi-year global productivity initiative and restructuring plan called Project Fuel, which was substantially complete by the end of fiscal 2025.
Word for word“In the first quarter of fiscal year 2024, we began implementing a multi-year global productivity initiative and restructuring plan, “Project Fuel,” designed to accelerate the execution of our Brand Led and DTC First strategies while fueling long-term profitable growth, with a focus on optimizing our operating model and structure, how we go to market, redesigning business processes and identifying opportunities to reduce costs and simplify processes across our organization.” 10-K for 2025
Our summaryThe company is moving the operation of some global distribution and fulfillment centers from company-run facilities to third-party logistics providers, which includes restructuring its workforce arrangements.
Word for word“This transition has caused, and may continue to cause, interruptions to our business systems and delays in order fulfillment as we transition our systems and technology and restructure our workforce arrangements.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2016-11-27 | $312,000 | $17.8 million |
| 2017-11-26 | $0 | — |
| 2020-11-29 | $86.8 million | $24.7 million |
| 2021-11-28 | $5.7 million | $44.4 million |
| 2023-11-26 | $20.3 million | — |
| 2024-12-01 | $185.6 million | — |
| 2025-11-30 | $24.5 million | — |
Levi's filed 1 restructuring notice (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 Levi's’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 2026-01-28. 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.