TreeHouse Foods layoffs, on the record
Every job cut, severance charge and restructuring TreeHouse Foods reported in its annual reports, 2022 to 2024, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2022 | approximately 7,500 | December 31, 2022 |
| 10-K for 2023 | approximately 7,400 | December 31, 2023 |
| 10-K for 2024 | approximately 7,400 full-time employees | As of December 31, 2024 |
Job cuts, severance and restructuring
Our summaryCompany reported growth, reinvestment, and restructuring program costs from continuing operations during 2022, including Strategic Growth Initiatives, Structure to Win, TreeHouse 2020, and other programs.
Word for word“During 2022, the Company incurred approximately $85.1 million in growth, reinvestment, and restructuring program costs from continuing operations.” 10-K for 2022
Our summaryCompany recorded employee-related restructuring costs (retention, severance and dedicated project employee costs) within its growth, reinvestment and restructuring programs.
Word for word“Below is a summary of costs by type associated with the Growth, Reinvestment, and Restructuring Programs: Year Ended December 31, 2022 2021 2020 (In millions) Asset-related $ 0.6 $ — $ 0.2 Employee-related 37.0 28.0 13.5 Other costs 47.5 56.2 57.3 Total $ 85.1 $ 84.2 $ 71.0 For the years ended December 31, 2022, 2021, and 2020, asset-related costs primarily consisted of accelerated depreciation; employee-related costs primarily consisted of retention, severance, and dedicated project employee cost; and other costs primarily consisted of consulting services.” 10-K for 2022
Our summaryCompany disclosed a severance and retention exit cost liability roll-forward for its restructuring programs, with severance and retention liabilities included in accrued expenses.
Word for word“The table below presents the exit cost liability related to severance activity for the Growth, Reinvestment, and Restructuring Programs as of December 31, 2022.” 10-K for 2022
Our summaryThe company reported costs of its Growth, Reinvestment, and Restructuring Programs, which include severance, retention and other employee separation costs.
Word for word“During 2023, the Company incurred approximately $46.1 million in growth, reinvestment, and restructuring program costs from continuing operations.” 10-K for 2023
Our summaryThe company recorded employee-related restructuring costs of retention, severance and dedicated project employee costs within its program costs.
Word for word“Employee-related 15.5 37.0 27.9 Other costs 25.9 47.5 55.5 Total $ 46.1 $ 85.1 $ 83.4 For the years ended December 31, 2023, 2022, and 2021, asset-related costs primarily consisted of accelerated depreciation and long-lived asset impairment; employee-related costs primarily consisted of retention, severance, and dedicated project employee cost; and other costs primarily consisted of consulting services.” 10-K for 2023
Our summaryThe company reported severance-related exit cost liability activity for its Growth, Reinvestment, and Restructuring Programs, with cash payments during the year.
Word for word“The table below presents the exit cost liability related to severance activity for the Growth, Reinvestment, and Restructuring Programs as of December 31, 2023: Severance Retention Total Exit Cost Liabilities (In millions) Balance as of December 31, 2022 $ 8.8 $ 4.2 $ 13.0 Expenses recognized 4.8 2.3 7.1 Cash payments ( 8.2 ) ( 6.3 ) ( 14.5 ) Balance as of December 31, 2023 $ 5.4 $ 0.2 $ 5.6.” 10-K for 2023
Our summaryThe company reported lower retention bonus and severance expense as a driver of the decrease in total operating expenses.
Word for word“The decrease is primarily due to $41.7 million of TSA income, lower professional fees for strategic growth initiatives, lower freight costs, and lower retention bonus and severance expense.” 10-K for 2023
Our summaryThe company ran enterprise-wide growth, reinvestment, and restructuring programs and recorded about $28.6 million of related costs from continuing operations in 2024.
Word for word“During 2024, the Company incurred approximately $28.6 million in growth, reinvestment, and restructuring program costs from continuing operations.” 10-K for 2024
Our summaryThe company reported its employee-related restructuring costs, mainly severance, retention, and project employee costs, for 2024, 2023, and 2022.
Word for word“For the years ended December 31, 2024, 2023, and 2022, asset-related costs primarily consisted of inventory write-downs, certain long-lived asset impairments, and accelerated depreciation; employee-related costs primarily consisted of severance, retention, and dedicated project employee cost; and other costs primarily consisted of consulting services and third party costs related to facility plant closures.” 10-K for 2024
| Fiscal year ended | Restructuring charges |
|---|---|
| 2016-12-31 | $21 million |
| 2017-12-31 | $73.6 million |
| 2018-12-31 | $166.7 million |
| 2019-12-31 | $105.4 million |
| 2020-12-31 | $71 million |
| 2021-12-31 | $83.4 million |
| 2022-12-31 | $85.1 million |
| 2023-12-31 | $46.1 million |
| 2024-12-31 | $28.6 million |
TreeHouse Foods filed 7 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 TreeHouse Foods’s annual reports (10-K for 2024, 10-K for 2023, 10-K for 2022) and the financial data it files with the SEC, as of 2025-02-14. 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.