Pricesmart layoffs, on the record
Every job cut, severance charge and restructuring Pricesmart reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 11,000 to over 12,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 11,000 | August 31, 2023 |
| 10-K for 2024 | approximately 12,000 | August 31, 2024 |
| 10-K for 2025 | over 12,000 | August 31, 2025 |
Job cuts, severance and restructuring
None of Pricesmart’s annual reports for 2023 to 2025 describes a layoff, workforce reduction or restructuring.
| Fiscal year ended | Severance costs |
|---|---|
| 2021-08-31 | $0 |
| 2022-08-31 | $0 |
| 2023-08-31 | $7.7 million |
| 2024-08-31 | $0 |
| 2025-08-31 | $0 |
Pricesmart 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 Pricesmart’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 2025-10-30. 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.