Panera Bread layoffs, on the record
Every job cut, severance charge and restructuring Panera Bread reported in its annual reports, 2014 to 2016, quoted from the filings. Headcount went from approximately 45,400 to approximately 50,800.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2014 | approximately 45,400 | December 30, 2014 |
| 10-K for 2015 | approximately 47,200 | December 29, 2015 |
| 10-K for 2016 | approximately 50,800 | December 27, 2016 |
Job cuts, severance and restructuring
Our summaryCompleted the refranchising of 75 bakery-cafes and classified 35 more as held for sale, recording a refranchising loss.
Word for word“As of December 29, 2015 , we had completed the refranchising of 75 bakery-cafes and classified as held for sale the assets and certain liabilities of 35 bakery-cafes we expect to sell during the next 12 months.” 10-K for 2015
Our summaryThe company completed the refranchising of Company-owned bakery-cafes, selling them to franchisees.
Word for word“As of December 27, 2016 , we had completed the refranchising of 102 Company-owned bakery-cafes.” 10-K for 2016
Our summaryThe company sold substantially all the assets of 15 bakery-cafes as part of refranchising, recording a small gain.
Word for word“On May 3, 2016, we sold substantially all of the assets of 15 bakery-cafes for a purchase price of approximately $15.2 million, which resulted in a gain on sale of approximately $0.5 million.” 10-K for 2016
Panera Bread 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 Panera Bread’s annual reports (10-K for 2016, 10-K for 2015, 10-K for 2014) and the financial data it files with the SEC, as of 2017-02-22. 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.