Planet Fitness layoffs, on the record
Every job cut, severance charge and restructuring Planet Fitness reported in its annual reports, 2023 to 2025, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 3,411 employees at our corporate-owned stores and 386 employees in the aggregate at our corporate headquarters | December 31, 2023 |
| 10-K for 2025 | 4,020 employees at our corporate-owned clubs and 373 employees | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryThe company recorded severance and related expenses tied to the departure of the Chief Executive Officer and the elimination of the President and Chief Operating Officer position, plus CEO search costs and retention payments.
Word for word“(6) Represents certain severance and related expenses recorded in connection with the departure of the Chief Executive Officer and the elimination of the President and Chief Operating Officer position.” 10-K for 2023
Our summaryThe company carried out a reduction in force in 2024, with severance expenses recorded for it.
Word for word“(2) Represents severance related expenses recorded in connection with a reduction in force in 2024 and the elimination of the President and Chief Operating Officer position in 2023.” 10-K for 2024
Our summaryThe company recorded severance expenses tied to a reduction in force, which it adds back in its non-GAAP reconciliations.
Word for word“(1) Represents severance related expenses recorded in connection with a reduction in force.” 10-K for 2025
Planet Fitness 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 Planet Fitness’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 2026-02-25. 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.