Missfresh layoffs, on the record
Every job cut, severance charge and restructuring Missfresh reported in its annual reports, 2021 to 2022, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 20-F for 2021 | 1,925 | — |
Job cuts, severance and restructuring
Our summaryIn July 2022 the company adopted significant adjustments to its business strategy, including a temporary shutdown of its on-demand DMW retail business and staff optimization.
Word for word“In July 2022, we adopt significant adjustments to our business strategy for sustainability, including a temporary shutdown of our on-demand DMW retail business and staff optimization.” 20-F for 2021
Our summaryThe company reported that, after the staff optimization, it had 55 full-time employees as of the annual report date.
Word for word“As of the date of this annual report, we have a total of 55 full-time employees.” 20-F for 2021
Our summaryThe company said its material cash requirements include charges primarily related to employee severance and debt restructuring with vendors.
Word for word“Our material cash requirements as of the date of this annual report primarily include general operations, charges primarily related to employee severance and debt restructuring related to vendors.” 20-F for 2021
Our summaryThe company ended its intelligent fresh market and retail cloud businesses as part of further strategy adjustments, and noted cash needs for employee severance and vendor debt restructuring.
Word for word“In March 2023, we further adopted business strategy adjustments and therefore terminated our intelligent fresh market business and our retail cloud business.” 20-F for 2022
Missfresh 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 Missfresh’s annual reports (20-F for 2022, 20-F for 2021) and the financial data it files with the SEC, as of 2023-08-03. 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.