Soho House layoffs, on the record
Every job cut, severance charge and restructuring Soho House reported in its annual reports, 2023 to 2024, quoted from the filings. Headcount went from 7,714 to 8,038.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 7,714 | February 28, 2023 |
| 10-K for 2023 | 7,852 | March 1, 2024 |
| 10-K for 2024 | 8,038 | February 28, 2025 |
Job cuts, severance and restructuring
Our summarySeverance expense was incurred for the departure of the former Chief Operating Officer and another former employee.
Word for word“Other expenses, net includes share-based compensation and severance expense incurred related to the departure of the former Chief Operating Officer ($ 4 million) and another former employee ($ 1 million) of the Company of $ 5 million for fiscal year ended January 1, 2023.” 10-K for 2023
Our summaryThe company ran a strategic reorganization program of its operations and support teams, which produced an operational reorganization and severance expense line.
Word for word“Represents $4 million of expenses incurred with respect to a strategic reorganization program of the Company's operations and support teams.” 10-K for 2023
Our summaryThe company recorded corporate restructuring costs in the fiscal year ended January 3, 2021.
Word for word“For the fiscal year ended January 3, 2021, other expenses, net include COVID-19 related charges of $ 5 million, abandoned project costs of $ 7 million, corporate restructuring costs of $ 6 million, and the Soho Restaurants guarantee provision of $ 5 million (refer to Note 4, Consolidated Variable Interest Entities).” 10-K for 2023
Our summaryThe filing presents a separate operational reorganization and severance expense line, which includes a $5,000 non-cash expense for the prior fiscal year and reports no such expense for fiscal 2023.
Word for word“(3) For fiscal year ended January 1, 2023 this excludes a $5,000 non-cash expense, which is included within Share-based compensation expense in the Consolidated Statements of Operations, separately presented within Operational reorganization and severance expense below.” 10-K for 2023
Soho House 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 Soho House’s annual reports (10-K for 2024, 10-K for 2023, 10-K for 2023) and the financial data it files with the SEC, as of 2025-03-31. 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.