Lululemon layoffs, on the record
Every job cut, severance charge and restructuring Lululemon reported in its annual reports, 2024 to 2026, quoted from the filings. Headcount went from approximately 38,000 to approximately 39,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2024 | approximately 38,000 | January 28, 2024 |
| 10-K for 2025 | approximately 39,000 | February 2, 2025 |
| 10-K for 2026 | approximately 39,000 | February 1, 2026 |
Job cuts, severance and restructuring
Our summaryRestructuring costs recorded for the lululemon Studio business, mainly contract termination costs, employee severance costs, and professional fees.
Word for word“During 2023, the Company recognized restructuring costs of $ 30.3 million for lululemon Studio primarily related to contract termination costs, employee severance costs, and professional fees.” 10-K for 2024
Our summaryDecision to shift the lululemon Studio strategy to digital app-based services, which led to impairments, inventory provisions, and restructuring costs.
Word for word“During 2022, the Company decided to shift its lululemon Studio strategy to focus on providing digital app-based services.” 10-K for 2024
Our summaryCompany ceased selling lululemon Studio Mirror and new digital content subscriptions, resulting in impairment and restructuring charges related to the lululemon Studio reporting unit.
Word for word“The Company ceased selling the lululemon Studio Mirror and new digital content subscriptions in December 2023.” 10-K for 2025
Our summaryThe company recognized restructuring costs for its lululemon Studio business, mainly for contract termination, employee severance and professional fees, after it stopped selling the Mirror hardware.
Word for word“Restructuring costs During 2023, the Company recognized restructuring costs of $ 30.3 million for lululemon Studio primarily related to contract termination costs, employee severance costs, and professional fees.” 10-K for 2026
Lululemon 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 Lululemon’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 2026-03-17. 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.