Sonic Automotive layoffs, on the record
Every job cut, severance charge and restructuring Sonic Automotive reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 10,500 to approximately 11,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 10,500 | December 31, 2023 |
| 10-K for 2024 | approximately 10,800 | December 31, 2024 |
| 10-K for 2025 | approximately 11,000 | December 31, 2025 |
Job cuts, severance and restructuring
Our summarySonic closed stores, including Northwest Motorsport and EchoPark locations, and recorded a charge in the second quarter of 2023 that included severance.
Word for word“In connection with these closures, Sonic recorded a charge totaling approximately $75.2 million during the second quarter of 2023.” 10-K for 2023
Our summarySonic recorded additional charges in the third quarter of 2023 related to the Northwest Motorsport store closures, including severance.
Word for word“During the third quarter of 2023, we recorded approximately $4.8 million in additional charges related to the Northwest Motorsport store closures, which included $3.9 million of lease exit charges and $0.9 million related to severance.” 10-K for 2023
Our summaryThe filing reports severance charges within compensation expenses for 2023.
Word for word“Compensation expenses for 2023 included approximately $3.1 million in severance charges and approximately $2.0 million of long-term compensation expenses.” 10-K for 2023
Our summaryThe filing reports severance and long-term compensation charges in its Adjusted EBITDA reconciliation for 2023.
Word for word“Severance and long-term compensation charges — 5.1 — 5.1 4.4 — — 4.4 Acquisition and disposition-related (gain) loss (20.7) 0.3 — (20.4) (9.7) — — (9.7) Hail and storm damage charges 1.9 — — 1.9 — — — — Used vehicle inventory valuation adjustment — 10.0 — 10.0 — — — — Adjusted EBITDA (3) $ 674.5 $ (83.0) $ 10.8 $ 602.3 $ 839.3 $ (105.4) $ 4.6 $ 738.5 (1) Includes interest expense, other, net in the accompanying consolidated statements of operations, net of any amortization of debt issuance costs or net debt discount/premium included in (2) below.” 10-K for 2023
Our summaryCompany closed certain EchoPark stores in 2023 and recorded a charge that included a severance component.
Word for word“In connection with these closures, Sonic recorded a charge totaling approximately $ 75.2 million during the second quarter of 2023.” 10-K for 2024
Our summaryCompany recorded additional store closure charges in the third quarter of 2023, including severance.
Word for word“During the third quarter of 2023, we recorded approximately $ 4.8 million in additional charges related to these store closures, which included $ 3.9 million of lease exit charges and $ 0.9 million related to severance.” 10-K for 2024
Our summaryCompany recorded severance and long-term compensation charges in the Franchised Dealerships Segment during 2024.
Word for word“For the Franchised Dealerships Segment, SG&A expenses for 2024 included approximately $11.0 million of pre-tax charges related to excess compensation as a result of the CDK outage, approximately $8.3 million of pre-tax charges related to storm damage, approximately $3.5 million of pre-tax gain related to the acquisition of equity interest in a joint venture, $10.0 million of pre-tax gain related to the CDK outage cyber claim payment, and approximately $2.2 million of pre-tax charges related to severance and long-term compensation expense.” 10-K for 2024
Our summaryCompany recorded severance and long-term compensation charges in the EchoPark Segment during 2024.
Word for word“For the EchoPark Segment, SG&A expenses for 2024 included approximately $3.0 million of pre-tax gain on exit of leased properties, approximately $2.9 million of pre-tax charges for severance and long-term compensation expense, approximately $2.1 million of pre-tax gain on real estate dispositions, approximately $2.1 million of pre-tax charges related to closed store accrued expenses related to the indefinite suspension of operations at certain EchoPark locations, and approximately $0.4 million of pre-tax charges related to excess compensation as a result of the CDK outage.” 10-K for 2024
Our summaryCompany recorded severance and long-term compensation charges in the Powersports Segment during 2024.
Word for word“For the Powersports Segment, SG&A expenses for 2024 included $0.5 million of pre-tax charges related to severance and long-term compensation expense.” 10-K for 2024
Our summaryThe Powersports Segment recorded severance and long-term compensation charges in 2024.
Word for word“For the Powersports Segment, SG&A expenses for 2024 included approximately $0.5 million of pre-tax charges related to severance and long-term compensation expense.” 10-K for 2025
Sonic Automotive 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 Sonic Automotive’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 2026-02-23. 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.