PVH layoffs, on the record
Every job cut, severance charge and restructuring PVH reported in its annual reports, 2024 to 2026, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2026 | approximately 26,000 | February 1, 2026 |
Job cuts, severance and restructuring
Our summaryThe filing mentions a headcount cost reduction initiative announced in August 2022 as a restructuring plan whose benefits are not assured.
Word for word“(ii) our ability to realize anticipated benefits and savings from divestitures, restructurings and similar plans, such as the headcount cost reduction initiative announced in August 2022, the 2021 sale of assets of, and exit from, our Heritage Brands menswear and retail businesses, the November 2023 sale of the Heritage Brands women's intimate apparel business to focus on our Calvin Klein and Tommy Hilfiger businesses and our current multi-year initiative to simplify our operating model; (iii) the ability to realize the intended benefits from the acquisition of licensees or the reversion of licensed rights (such as the announced, in-process plan to bring in house a significant portion of the product categories that are or had been licensed to G-III Apparel Group, Ltd. upon the expirations over time of the underlying license agreements) and avoid any disruptions in the businesses during the transition from operation by the licensee to the direct operation by us; (iv) we have significant levels of outstanding debt and borrowing capacity and we use a significant portion of our cash flow” 10-K for 2025
Our summaryPVH recorded pre-tax costs in 2025 for its multiyear initiative to simplify its operating model and cut costs (Growth Driver 5 Actions), consisting mainly of severance.
Word for word“We recorded pre-tax costs of $93 million during 2025 in connection with this initiative consisting principally of severance.” 10-K for 2026
Our summaryPVH recorded pre-tax costs in 2024 for the same initiative, mostly severance, partly offset by a gain on selling a warehouse and distribution center.
Word for word“We recorded pre-tax costs of $24 million during 2024 in connection with this initiative, including $33 million of costs consisting principally of severance, which were partially offset by a $10 million gain on the sale of a warehouse and distribution center.” 10-K for 2026
Our summaryPVH announced a plan to cut people costs in its global offices by about 10% by the end of 2023 (the 2022 cost savings initiative), which produced large annual savings.
Word for word“We announced in August 2022 plans to reduce people costs in our global offices by approximately 10% by the end of 2023 to drive efficiencies and enable continued strategic investments to fuel growth, including in digital, supply chain and consumer engagement (the “2022 cost savings initiative”), which has resulted in annual cost savings of over $100 million, net of continued strategic people investments.” 10-K for 2026
PVH filed 3 restructuring notices (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from PVH’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 2026-03-31. 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.