National Vision Holdings layoffs, on the record
Every job cut, severance charge and restructuring National Vision Holdings reported in its annual reports, 2023 to 2026, quoted from the filings. Headcount went from 13,998 to 13,138.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 13,998 | December 30, 2023 |
| 10-K for 2024 | 13,411 | December 28, 2024 |
| 10-K for 2026 | 13,138 | January 3, 2026 |
Job cuts, severance and restructuring
Our summaryTerminated the Walmart partnership, recording employee compensation benefit expenses tied to the termination.
Word for word“We anticipate approximately $ 8 million of additional costs to be incurred in connection with the termination of the Walmart partnership in 2024.” 10-K for 2023
Our summaryDecided to consolidate the distribution network and close the distribution center in Ohio, following the Walmart partnership terminations.
Word for word“We determined that the various terminations of agreements described above as well as the subsequent decision to consolidate our distribution network and close the distribution center in Ohio constituted triggering events, and accordingly, performed impairment tests during the year ended December 30, 2023 on assets related to the Walmart partnership.” 10-K for 2023
Our summaryRecorded executive severance costs as an adjustment excluded from non-GAAP results.
Word for word“(i) Other adjustments include amounts that management believes are not representative of our operating performance (amounts in brackets represent reductions in Adjusted Operating Income, Adjusted Diluted EPS and Adjusted EBITDA), which are primarily related to the termination of the Walmart partnership of $7.0 million for fiscal year 2023, costs associated with the digitization of paper-based records of $2.2 million for fiscal year 2023, excess payroll taxes on vesting of restricted stock units and exercises of stock options, executive severance and relocation and other expenses and adjustments, including our share of (gains) losses on equity method investments of $(2.7) million and $(2.4) million for fiscal years 2022 and 2021, respectively, and losses on other investments of $0.3 million for fiscal year 2022.” 10-K for 2023
Our summaryClosed 12 store locations and converted four Eyeglass World stores into America's Best stores as part of a store fleet review; severance and other charges were recognized but were immaterial overall.
Word for word“As of December 28, 2024, 12 of these locations were closed and four Eyeglass Word stores were converted into America’s Best stores.” 10-K for 2024
Our summaryRecognized impairment charges on stores planned for closure as part of the store fleet review.
Word for word“During fiscal year 2024, we recognized $ 10.5 million of non-cash intangible asset impairment and $ 4.3 million of non-cash tangible long-lived and ROU asset impairment related to the stores we planned to close as part of the store fleet review.” 10-K for 2024
Our summaryRecognized termination benefits for certain associates, with the charges recorded in the corporate and other category.
Word for word“During fiscal year 2024 and 2023, we recognized $ 0.1 million and $ 1.8 million, respectively, in Selling, general and administrative expenses in the Consolidated Statements of Operations and Comprehensive (Loss) Income, in the corporate and other category, related to termination benefits for certain associates; these charges were recognized in accordance with FASB guidance on employers’ accounting for post-employment benefits and guidance on accounting for costs associated with exit or disposal activities, as appropriate.” 10-K for 2024
Our summaryTerminated the employment of an executive, who will receive severance and termination benefits under the Executive Severance Plan.
Word for word“Rasmussen’s employment with the Company will be terminated, and Ms. Rasmussen will receive the associated severance and termination benefits under the Company’s Executive Severance Plan, the terms of which have been previously disclosed in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on April 25, 2024, which description is incorporated herein by reference.” 10-K for 2024
Our summaryThe company recognized severance and associate-related costs for its organizational restructuring in fiscal year 2025, which it excludes from its adjusted non-GAAP measures.
Word for word“(i) Other adjustments include amounts that management believes are not representative of our operating performance (amounts in brackets represent reductions in Adjusted Operating Income, Adjusted Diluted EPS and Adjusted EBITDA), which are primarily related to costs associated with the digitization of paper-based records of $2.2 million, $5.8 million and $2.2 million for fiscal years 2025, 2024 and 2023, respectively, severance and associate-related costs related to organizational restructuring of $3.6 million and shareholder activism of $2.1 million for fiscal year 2025, and other expenses and adjustments.” 10-K for 2026
Our summaryThe company recorded termination benefit charges for certain associates in selling, general and administrative expense in each of the last three fiscal years.
Word for word“Severance benefits During fiscal years 2025, 2024 and 2023, we recognized $ 3.6 million, $ 0.1 million and $ 1.8 million, respectively, in SG&A in the Consolidated Statements of Operations and Comprehensive (Loss) Income, in the corporate and other category, related to termination benefits for certain associates; these charges were recognized in accordance with Financial Accounting Standards Board (“FASB”) guidance on employers’ accounting for post-employment benefits and guidance on accounting for costs associated with exit or disposal activities, as appropriate.” 10-K for 2026
National Vision Holdings 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 National Vision Holdings’s annual reports (10-K for 2026, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-03-04. 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.