Scholastic layoffs, on the record
Every job cut, severance charge and restructuring Scholastic reported in its annual reports, 2024 to 2026, quoted from the filings. Headcount went from approximately 6,660 to approximately 6,905.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2024 | approximately 6,660 | May 31, 2024 |
| 10-K for 2025 | approximately 7,090 | May 31, 2025 |
| 10-K for 2026 | approximately 6,905 | As of May 31, 2026 |
Job cuts, severance and restructuring
Our summaryCompany implemented restructuring and cost-savings initiatives, including severance, in the U.S., Canada and Asia, with related costs recorded in SG&A.
Word for word“The $46.4 million increase was primarily due to costs of $10.9 million related to restructuring and cost-savings initiatives, primarily severance expense, in the U.S., Canada and Asia, $9.3 million of costs associated with the planned investment in 9 Story, as well as higher labor and equipment costs and rent for warehouse space in the U.S. book fairs channel.” 10-K for 2024
Our summaryCompany recorded severance costs from restructuring programs in the book clubs channel in Canada and from restructuring of its China franchise business within other operating expenses.
Word for word“Other operating expenses increased $3.9 million primarily driven by $2.7 million of costs related to restructuring programs, primarily severance expense, within the book clubs channel in Canada and related to the restructuring of the franchise business in China, coupled with lower equity investment income.” 10-K for 2024
Our summaryCompany recorded higher severance from restructuring programs in Canada and Asia, plus impairment from early exit of leased office space in Canada, within segment results.
Word for word“The $3.3 million increase in operating loss was primarily driven by lower revenues in Australia, reflecting the continued softness in the retail market, and lower revenues in Asia, coupled with higher severance expense from restructuring programs in Canada and Asia and the impairment related to the early exit of leased office space in Canada.” 10-K for 2024
Our summaryCompany recorded severance expense from reorganization and cost-saving initiatives in the school reading events division and Education Solutions within unallocated overhead, and impaired right-of-use assets from ceasing use of leased office space.
Word for word“The increase was primarily attributable to higher employee-related costs, which included severance expense from restructuring programs of $8.2 million related to the reorganization efforts and cost-saving initiatives in the school reading events division and Education Solutions, an insurance recovery of $5.0 million received in fiscal 2023 related to photo litigation settlements accrued and paid in prior periods, and a favorable settlement of $1.8 million related to legacy sales tax matters that benefited the prior year.” 10-K for 2024
Our summaryCompany recognized pretax costs of severance related to restructuring and cost-savings initiatives, and impairments tied to certain education products and early exit of leased office space in the U.S. and Canada.
Word for word“In fiscal 2024, the Company recognized pretax asset impairment of $6.1 related to certain education products and $3.9 related to the early exit of certain leased office space in the U.S. and Canada.” 10-K for 2024
Our summaryCompany recorded severance expense from restructuring programs in its accrued severance balance, with accruals and payments during the year.
Word for word“During fiscal 2024, the Company recognized $ 10.7 of severance expense related to restructuring programs.” 10-K for 2024
Our summaryCompany reported severance expense of $1.4 million related to cost-saving initiatives within other operating expenses for fiscal 2025.
Word for word“Other operating expenses for the fiscal year ended May 31, 2025 were $39.2 million, which included costs of $3.0 million related to the 9 Story acquisition and severance expense of $1.4 million related to cost-saving initiatives.” 10-K for 2025
Our summaryCompany incurred severance from cost-saving initiatives and reorganization efforts in Asia, Canada and Australia, compared with prior-year severance tied to Canada reorganization and exit from the China franchise business.
Word for word“In the fiscal year ended May 31, 2025, the Company incurred severance expense from its cost-saving initiatives and reorganization efforts in Asia, Canada and Australia of $2.8 million , compared to $2.7 million in the prior fiscal year related to reorganization efforts in Canada and its exit from the franchise business in China.” 10-K for 2025
Our summaryCompany recorded lower severance expense than the prior year related to its cost-savings initiatives, and it early exited certain leased office space to rightsize office space.
Word for word“The Company early exited certain leased office space as part of the Company's efforts to rightsize office space in fiscal years 2025 and 2024, resulting in an impairment expense of $0.1 million and $2.3 million, respectively, related to the right-of-use assets associated with the operating leases.” 10-K for 2025
Our summaryCompany recognized severance expense related to cost-saving initiatives in fiscal 2025, with accrued severance roll-forward showing accruals and payments.
Word for word“During fiscal 2025, the Company recognized $ 11.8 of severance expense related to cost-saving initiatives.” 10-K for 2025
Our summaryThe company said it is looking for ways to make its cost and organizational structure more efficient, including actions to restructure its cost base.
Word for word“The Company continues to explore opportunities to enhance the efficiency of its cost and organizational structure, which includes actions to restructure its cost base.” 10-K for 2026
| Fiscal year ended | Severance costs |
|---|---|
| 2017-05-31 | $14.9 million |
| 2018-05-31 | $9.9 million |
| 2019-05-31 | $10.6 million |
| 2020-05-31 | $17.2 million |
| 2024-05-31 | $10.7 million |
Scholastic 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 Scholastic’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 2026-07-24. 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.