Stitch Fix layoffs, on the record
Every job cut, severance charge and restructuring Stitch Fix reported in its annual reports, 2024 to 2026, quoted from the filings. Headcount went from approximately 4,570 to approximately 4,240.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2024 | approximately 4,570 | August 3, 2024 |
| 10-K for 2025 | approximately 4,165 | As of August 2, 2025 |
| 10-K for 2026 | approximately 4,240 | August 1, 2026 |
Job cuts, severance and restructuring
Our summaryJune 2022 restructuring plan reduced the workforce by about 4 percent, including about 15 percent of salaried positions.
Word for word“In fiscal 2022, the 2022 Restructuring Plan reduced our then-current employee workforce by approximately 4%, including approximately 15% of our then-salaried positions.” 10-K for 2024
Our summaryJanuary 2023 reduction in force (plan of termination) cut the workforce by about 6 percent, including about 20 percent of salaried positions.
Word for word“During fiscal 2023, we recorded an aggregate $ 36.4 million of restructuring charges related to this action, primarily consisting of severance and employee-related benefits; impairment related to a portion of our corporate office space; and accelerated depreciation expense related to assets at our Salt Lake City fulfillment center, which were not transferred to other fulfillment centers in our network and for which we did not have immediate plans to use.” 10-K for 2024
Our summaryAnnounced closure of the Bethlehem, Pennsylvania and Dallas, Texas fulfillment centers.
Word for word“In furtherance of and as an expansion of the 2022 Restructuring Plan, in June 2023, we announced the intended closures of our fulfillment centers in Bethlehem, Pennsylvania and Dallas, Texas (the “Bethlehem and Dallas Closures”).” 10-K for 2024
Our summaryExit of the UK business and wind-down of its operations.
Word for word“In fiscal 2024, we recorded $ 5.3 million of expense associated with the exit of the UK business, which consisted primarily of severance and employee-related benefits, and early contract termination charges.” 10-K for 2024
Our summaryOrganization realignment eliminated styling leadership and corporate positions.
Word for word“In furtherance of and as an expansion of the 2022 Restructuring Plan, in January 2024, we implemented an organization realignment that resulted in the further elimination of styling leadership and corporate positions.” 10-K for 2024
Our summaryStylists moved to a part-time only model, with one-time restructuring bonuses paid to those who stayed.
Word for word“In January 2024, we revised our compensation model for full-time Stylists to move to a part-time only model, whereby Stylists who opted to continue with the Company received one-time restructuring bonuses over the next three quarters.” 10-K for 2024
Our summaryImpairment of a portion of corporate office space due to a change in its use.
Word for word“In the fourth quarter of fiscal 2024, we recorded $ 19.3 million of impairment related to a portion of our corporate office space due to a change in the use of this space, as a furtherance and expansion of the 2022 Restructuring Plan.” 10-K for 2024
Our summaryTotal restructuring charges recorded across the 2022 Restructuring Plan and related actions.
Word for word“Total restructuring $ 43,838 $ 39,907 $ 17,742 (1) Recorded in selling, general, and administrative expenses on the consolidated statements of operations and comprehensive loss.” 10-K for 2024
Our summaryExpanded the June 2022 restructuring plan through fiscal 2025 by eliminating certain corporate positions in an organizational realignment.
Word for word“During fiscal 2025, in furtherance of and as an expansion of the restructuring plan announced in June 2022 (the “2022 Restructuring Plan”), we recorded $1.2 million of additional restructuring charges.” 10-K for 2025
Our summaryRecorded severance and employee-related benefit restructuring charges in fiscal 2025 as part of the 2022 Restructuring Plan, which continued the corporate position eliminations.
Word for word“In fiscal 2025, in furtherance of and as an expansion of the 2022 Restructuring Plan, we continued to implement an organizational realignment by eliminating certain corporate positions.” 10-K for 2025
Our summaryEliminated certain corporate positions in an organizational realignment after the 2022 plan's expansion.
Word for word“In October 2024, we implemented an additional organizational realignment which further eliminated certain corporate positions.” 10-K for 2025
Our summaryReduced workforce under the June 2022 restructuring plan and a further reduction in force announced January 2023.
Word for word“We announced a restructuring plan in June 2022 that reduced our workforce and announced a further reduction in force in January 2023.” 10-K for 2025
Our summaryClosed two fulfillment centers.
Word for word“In June 2023, we announced the closure of two fulfillment centers and in August 2023, we made the decision to exit our UK business and wind down its operations.” 10-K for 2025
Our summaryDecided to exit and wind down the UK business, with severance and related charges in discontinued operations.
Word for word“We recorded expenses related to the exit and wind down of the UK business of an aggregate $ 0.1 million, $ 5.3 million, and $ 4.7 million for fiscal 2025, fiscal 2024, and fiscal 2023, respectively.” 10-K for 2025
Our summaryMoved Stylists to a part-time only model, paid hourly.
Word for word“In January 2024, we moved to a part-time only Stylist model, and all of our Stylists now work on a part-time basis and are paid hourly.” 10-K for 2025
Our summaryThe company announced a restructuring plan to cut fixed and variable operating costs, and later expanded it over several fiscal years.
Word for word“We announced a restructuring plan in June 2022, which we expanded throughout fiscal 2023, fiscal 2024, and fiscal 2025, intended to reduce our future fixed and variable operating costs.” 10-K for 2026
Our summaryThe company reported no additional restructuring charges for fiscal 2026 under the 2022 plan, after it had eliminated corporate positions in fiscal 2025.
Word for word“In fiscal 2026, no additional restructuring charges related to the 2022 Restructuring Plan were recorded.” 10-K for 2026
Our summaryThe company recorded expenses for exiting and winding down its UK business, mostly severance and contract termination costs in fiscal 2024.
Word for word“We recorded expenses related to the exit and wind down of the UK business of an aggregate $ 0.1 million and $ 5.3 million for fiscal 2025 and fiscal 2024, respectively.” 10-K for 2026
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2020-08-01 | $4.8 million | $1.7 million |
| 2021-07-31 | — | $3.1 million |
| 2022-07-30 | $9.8 million | $9.5 million |
| 2023-07-29 | $18.9 million | $17.2 million |
| 2024-08-03 | $14.6 million | $13.3 million |
Stitch Fix filed 2 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 Stitch Fix’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 2026-09-24. 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.