Old QVC Group layoffs, on the record
Every job cut, severance charge and restructuring Old QVC Group reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 18,900 to approximately 16,900.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2024 | approximately 18,900 | December 31, 2024 |
| 10-K for 2025 | approximately 16,900 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryQVC implemented a workforce reduction and recorded restructuring charges of $13 million in restructuring, penalties and fire related costs, net of recoveries, in 2023.
Word for word“During the year ended December 31, 2023, QVC implemented a workforce reduction and recorded restructuring charges of $13 million in restructuring, penalties and fire related costs, net of (recoveries) in the consolidated statements of operations.” 10-K for 2023
Our summaryCBI undertook a corporate restructuring in May 2023 involving severance expense and outplacement services.
Word for word“CBI had restructuring charges of $2 million during the year ended December 31, 2023, as a result of a corporate restructuring in May 2023.” 10-K for 2023
Our summaryQVC recorded restructuring charges of $18 million in 2024 tied to a shift of its IT operating model, which carried a resulting workforce reduction.
Word for word“For the year ended December 31, 2024, the restructuring loss related to the shift in QVC’s IT operating model with a resulting workforce reduction.” 10-K for 2024
Our summaryQVC completed a planned workforce reduction as part of the first phase of Project Athens, and recorded restructuring charges for it in 2023.
Word for word“During 2022, QVC commenced the first phase of Project Athens, including actions to reduce inventory and a planned workforce reduction that was completed in February 2023.” 10-K for 2024
Our summaryZulily recorded restructuring charges related to a reduction in its corporate workforce, in 2023 and 2022.
Word for word“Zulily recorded $ 13 million of restructuring charges during the year ended December 31, 2022, approximately $ 9 million of which related to its regional office space strategy and expenses associated with the Pennsylvania facility closure, and approximately $ 4 million of which related to a reduction in corporate workforce.” 10-K for 2024
Our summaryQVC announced a consolidation as part of organizational changes, and expects to record severance and accelerated depreciation, though the financial impact is still being evaluated.
Word for word“QVC is currently evaluating the financial impact of the consolidation and anticipates recording severance and accelerated depreciation.” 10-K for 2024
Our summaryQVC announced a plan to move its global IT services to a managed services model and recorded restructuring charges in 2024.
Word for word“As a result, during the year ended December 31, 2024, QVC recorded restructuring charges of $18 million in restructuring, penalties and fire related costs, net of (recoveries) in the consolidated statement of operations.” 10-K for 2025
Our summaryQVC announced a plan to reorganize teams across the company as part of the WIN strategy and recorded restructuring charges at QxH and QVC International in 2025.
Word for word“As a result of the reorganization, QVC recorded $34 million and $19 million of restructuring charges at QxH and QVC International, respectively, during the year ended December 31, 2025 in restructuring, penalties and fire related costs, net of (recoveries) in the consolidated statement of operations.” 10-K for 2025
| Fiscal year ended | Severance costs | Restructuring charges |
|---|---|---|
| 2017-12-31 | — | $35 million |
| 2018-12-31 | $41 million | — |
Old QVC Group 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 Old QVC Group’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 2026-04-15. 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.