Mission Produce layoffs, on the record
Every job cut, severance charge and restructuring Mission Produce reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 3,300 to approximately 3,800.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 3,300 | As of October 31, 2023 |
| 10-K for 2024 | approximately 3,100 | As of October 31, 2024 |
| 10-K for 2025 | approximately 3,800 | October 31, 2025 |
Job cuts, severance and restructuring
Our summaryThe company recorded an executive severance charge in its adjusted EBITDA reconciliation for fiscal 2023.
Word for word“Executive severance 1.3 — — Legal settlement — — 0.8 Asset impairment and disposals, net of insurance recoveries 1.3 0.4 (0.2) Farming costs for nonproductive orchards 1.8 1.5 0.8 ERP costs (2) 2.2 4.6 — Goodwill impairment — 49.5 — Remeasurement gain on business combination with Moruga — (2.0) — Transaction costs 0.3 0.6 — Amortization of inventory adjustment recognized from business combination 0.7 0.4 — Other expense (income), net 0.2 (4.4) (1.3) Noncontrolling interest (3) (3.4) (0.6) — Total adjusted EBITDA $ 48.4 $ 47.6 $ 85.3 (1) Includes depreciation and amortization of purchase accounting assets of $2.4 million, $1.4 million and $0.2 million for the years ended October 31, 2023, 2022, and 2021, respectively.” 10-K for 2023
Our summaryThe filing lists a separation agreement and general release with a former executive, Tim Bulow, as an exhibit.
Word for word“Separation Agreement and General Release from Tim Bulow X 10.25 L and Lease Agreement Between Blue berries P eru S.A . and Agrolatam S.A.C.” 10-K for 2023
Our summaryThe company closed an operation, with accelerated depreciation and lease expense expected in the first quarter of 2025 and severance costs expected to be immaterial.
Word for word“In connection with the closure, we expect to recognize approximately $ 1.3 million of accelerated depreciation of property, plant and equipment and $ 0.4 million of accelerated lease expense during the first quarter of 2025.” 10-K for 2024
Our summaryThe company recorded severance expense as an adjustment in its adjusted EBITDA reconciliation for fiscal 2024 and 2023.
Word for word“Severance 1.3 1.3 — Legal settlement 0.2 — — Asset impairment and disposals, net of insurance recoveries 3.9 1.3 0.4 Farming costs for nonproductive orchards 1.7 1.8 1.5 ERP costs (3) 2.2 2.2 4.6 Goodwill impairment — — 49.5 Remeasurement gain on business combination with Moruga — — ( 2.0 ) Transaction costs — 0.3 0.6 Amortization of inventory adjustment recognized from business combination — 0.7 0.4 Other (income) expense, net ( 3.6 ) 0.2 ( 4.4 ) Adjusted EBITDA before adjustment for noncontrolling interest $ 119.8 $ 51.8 $ 48.2 Noncontrolling interest (4) ( 12.0 ) ( 3.4 ) ( 0.6 ) Total adjusted EBITDA $ 107.8 $ 48.4 $ 47.6 (1) Includes interest expense from finance leases, the most significant of which is for nonproductive land at our Blueberries segment of $ 1.8 million and $ 1.4 million for the years ended October 31, 2024 and 2023, respectively.” 10-K for 2024
Our summaryThe company closed certain facilities and recorded charges that included severance costs, with volume moved to other distribution centers and third-party providers.
Word for word“In connection with the closure, we recognized approximately $2.7 million in charges for fiscal 2025.” 10-K for 2025
| Fiscal year ended | Severance costs |
|---|---|
| 2021-10-31 | $0 |
| 2022-10-31 | $0 |
| 2023-10-31 | $1.3 million |
| 2024-10-31 | $1.3 million |
Mission Produce 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 Mission Produce’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 2025-12-18. 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.