Shake Shack layoffs, on the record
Every job cut, severance charge and restructuring Shake Shack reported in its annual reports, 2023 to 2025, quoted from the filings.
Job cuts, severance and restructuring
Our summaryShake Shack recorded severance expense as a non-GAAP adjustment to EBITDA in fiscal 2023.
Word for word“Severance 211 — — CEO transition costs 206 — — Gift card breakage cumulative catch-up adjustment — (1,281) — Debt offering related costs (3) — — 231 Other income related to adjustment of liabilities under tax receivable agreement — — (2) Other (4) 3,386 — — Adjusted EBITDA $ 131,816 $ 72,709 $ 55,602 Adjusted EBITDA margin (5) 12.1% 8.1% 7.5% (1) For the fifty-two weeks ended December 28, 2022, this amount includes a non-cash impairment charge of $0.1 million related to one Shack.” 10-K for 2023
Our summaryFiling notes a 2024 employee benefit charge tied to California healthcare charges for fiscal 2020 through 2023.
Word for word“(2) Expenses related to California healthcare charges for fiscal 2020 through 2023 which do not represent fiscal 2024 Labor and related expenses.” 10-K for 2024
Shake Shack filed 1 restructuring notice (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 Shake Shack’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 2026-02-26. 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.