Luckin Coffee layoffs, on the record
Every job cut, severance charge and restructuring Luckin Coffee reported in its annual reports, 2023 to 2025, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 20-F for 2025 | 43,709 full-time employees and 62,738 part-time employees | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryCompany reported losses and expenses related to Fabricated Transactions and Restructuring in 2023, which included a reversal of accrued professional service fees following a settlement with certain underwriters.
Word for word“We incurred losses and expenses related to Fabricated Transactions and Restructuring in a total amount of negative RMB28.5 million (negative US$4.0 million) in 2023, compared to RMB75.2 million in 2022, as in 2023 we reversed RMB44.7 million (US$6.3 million) of accrued professional service fees following the settlement with certain underwriters relating to indemnification of their defense costs in connection with the Fabricated Transactions.” 20-F for 2023
Our summaryThe company completed the restructuring of its convertible notes debt under a court-approved scheme, which became effective and was substantially consummated.
Word for word“On January 28, 2022, the Restructuring of the Notes contemplated by the Scheme became effective and was substantially consummated.” 20-F for 2025
Luckin Coffee 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 Luckin Coffee’s annual reports (20-F for 2025, 20-F for 2024, 20-F for 2023) and the financial data it files with the SEC, as of 2026-03-27. 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.