Petco Health & Wellness layoffs, on the record
Every job cut, severance charge and restructuring Petco Health & Wellness reported in its annual reports, 2024 to 2026, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2026 | more than 26,000 | — |
Job cuts, severance and restructuring
Our summaryThe filing lists a Separation and Consulting Agreement and General Release of Claims with a former executive, Ronald V. (exhibit 10.28), but the text is cut off and gives no details of the severance terms.
Word for word“10.28† Separation and Consulting Agreement and General Release of Claims by and between Petco Animal Supplies Stores, Inc., Petco Health and Wellness Company, Inc., Scooby LP and Ronald V.” 10-K for 2024
Our summaryThe filing lists restructuring costs and restructuring-related severance costs among items the company includes in its non-GAAP adjustments, and it mentions disruption of cost saving programs and restructuring initiatives as a risk.
Word for word“(3) Other costs include, as incurred: restructuring costs and restructuring-related severance costs; legal reserves associated with significant, non-ordinary course legal or regulatory matters; and costs related to certain significant strategic transactions.” 10-K for 2025
Our summaryThe company recorded severance costs in fiscal 2025 as part of other costs, which include restructuring and restructuring-related severance.
Word for word“In fiscal 2025, other costs were primarily driven by $9.7 million of severance and $2.5 million relating to legal matters.” 10-K for 2026
Our summaryThe company recorded severance costs in fiscal 2024 as part of other costs, which include restructuring and restructuring-related severance.
Word for word“In fiscal 2024, other costs were primarily driven by $15.8 million of severance and $7.7 relating to legal matters and strategic initiatives.” 10-K for 2026
Petco Health & Wellness 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 Petco Health & Wellness’s annual reports (10-K for 2026, 10-K for 2025, 10-K for 2024) and the financial data it files with the SEC, as of 2026-03-13. 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.