Papa Johns International layoffs, on the record
Every job cut, severance charge and restructuring Papa Johns International reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 13,200 to approximately 9,400.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 13,200 | As of December 31, 2023 |
| 10-K for 2024 | approximately 11,400 | December 29, 2024 |
| 10-K for 2025 | approximately 9,400 | December 28, 2025 |
Job cuts, severance and restructuring
Our summaryCompany launched an International Transformation Plan in Q4 2023 with new regional hubs, incurring restructuring costs including employee severance.
Word for word“The Company incurred restructuring related costs of $ 2.2 million for the year ended December 31, 2023 related to the International Transformation Plan.” 10-K for 2023
Our summaryBoard approved closure of about 50 underperforming Company-owned restaurants in the UK, with expected restructuring charges that include employee severance.
Word for word“As a result of this decision, the Company expects to incur restructuring charges of approximately $ 10.0 million to $ 15.0 million, which will be recognized during 2024 within our International segment.” 10-K for 2023
Our summaryCompany recorded severance and related costs tied to the transition of certain executives.
Word for word“For the year ended December 31, 2023, Unallocated corporate expenses includes $ 2.0 million of severance and related costs associated with the transition of certain executives and $ 0.6 million for certain legal settlements.” 10-K for 2023
Our summaryClosed 43 underperforming UK Company-owned restaurants and 30 franchised locations as part of optimizing the UK restaurant portfolio under the International Transformation Plan.
Word for word“We evaluated and optimized our restaurant portfolio in the UK, which resulted in the closure of 43 underperforming UK Company-owned restaurants and 30 franchised locations.” 10-K for 2024
Our summaryRecorded employee termination costs under the International Transformation Plan, a restructuring program in the International segment.
Word for word“The following table summarizes restructuring related costs recorded for the years ended December 29, 2024 and December 31, 2023, respectively (in thousands): 2024 2023 Long-lived asset impairment charges $ 11,664 $ — Loss on franchisee notes receivable 1,744 — Loss on refranchising Company-owned restaurants 1,745 — Professional services and other related costs 8,599 677 Employee termination costs, net (a) 390 1,501 Lease terminations and other lease related costs (b) 3,131 — Total international transformation costs, net $ 27,273 $ 2,178 (a) Includes noncash reversal of $ 0.1 million related to the forfeiture of unvested stock-based compensation awards during the year ended December 29, 2024.” 10-K for 2024
Our summaryRefranchised 60 formerly Company-owned restaurants to primarily existing franchisees, with a loss on sale.
Word for word“During the second and third quarters of 2024, the Company also completed the refranchising of 60 formerly Company-owned restaurants to primarily existing franchisees, which resulted in a loss on sale of $ 1.7 million .” 10-K for 2024
Our summaryAnnounced the International Transformation Plan, with expected total pre-tax costs and remaining costs to be incurred in 2025.
Word for word“Total estimated pre-tax costs associated with the International Transformation Plan are approximately $ 30.0 million to $ 35.0 million (inclusive of the cumulative $ 29.5 million incurred through the fourth quarter of 2024), all of which will be recorded within our International segment, and we expect to incur the remainder of these costs in 2025 .” 10-K for 2024
Our summaryRecorded severance and related costs for the transition of certain executives in 2023.
Word for word“For the year ended December 31, 2023, $2.0 million of severance and related costs associated with the transition of certain executives, $0.9 million one-time non-cash charge related to the reserve of certain accounts receivable related to the conflict in the Middle East, and $0.6 million accrual related to certain legal settlements are included.” 10-K for 2024
Our summaryThe company began the first phase of its Enterprise Transformation Plan, cutting its corporate workforce and overhead and recording restructuring charges, mostly severance and professional fees.
Word for word“The initiation of the first phase, designed to reduce overhead duplication and non-consumer-facing spending, resulted in restructuring charges of $7.7 million incurred during the fourth quarter of 2025 and primarily consisted of employee severance costs related to reducing our corporate workforce as well as professional services fees.” 10-K for 2025
Our summaryThe Board approved a second phase of the Enterprise Transformation Plan focused on the restaurant portfolio, with total expected restructuring charges for all approved actions.
Word for word“We currently estimate that we will incur restructuring charges of approximately $24 million to $31 million related to actions approved thus far, inclusive of the $7.7 million recognized during 2025 and the remainder of which we expect will be recognized during 2026 and 2027.” 10-K for 2025
Our summaryThe company completed its International Transformation Plan and reported the total restructuring costs over the life of the program.
Word for word“We completed our previously announced international transformation initiatives (the “International Transformation Plan”) during the fourth quarter of 2025 and incurred total restructuring related costs of $34.4 million over the entire duration of the program, approximately $20 million of which were cash expenditures.” 10-K for 2025
Our summaryThe company expects elevated closures of underperforming North American restaurants as part of the Enterprise Transformation Plan.
Word for word“These actions are expected to include elevated levels of restaurant closures in North America during 2026 and 2027, as we focus on improving the health of our restaurant portfolio by closing underperforming restaurants that lack a path to sustainable financial improvement, allowing our franchisees to invest resources in their remaining restaurants to accelerate growth.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Restructuring costs incurred | Cash paid for restructuring |
|---|---|---|---|
| 2020-12-27 | $6.9 million | $6 million | $2.1 million |
| 2021-12-26 | $13.1 million | $13.1 million | $15 million |
| 2022-12-25 | $0 | $0 | $3 million |
Papa Johns International 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 Papa Johns International’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 2026-02-26. 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.