Vestis layoffs, on the record
Every job cut, severance charge and restructuring Vestis reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 20,000 to approximately 18,150.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 20,000 | — |
| 10-K for 2024 | approximately 19,600 | — |
| 10-K for 2025 | approximately 18,150 | — |
Job cuts, severance and restructuring
Our summaryApproved headcount reductions to streamline operational and administrative functions, recording severance charges in SG&A.
Word for word“During fiscal 2023, the Company approved headcount reductions to streamline and improve the efficiency and effectiveness of operational and administrative functions.” 10-K for 2023
Our summaryRecorded fiscal 2023 severance charges within SG&A, with an unpaid accrual remaining at year end.
Word for word“As of September 29, 2023, the Company had an accrual of approximately $3.4 million related to unpaid severance obligations.” 10-K for 2023
Our summaryApproved action plans for operational streamlining, including facility consolidations and closures, with severance charges recorded in SG&A and cost of services.
Word for word“During fiscal 2021, the Company approved action plans to streamline and improve the efficiency and effectiveness of its operations, including a series of facility consolidations and closures.” 10-K for 2023
Our summaryReported savings from severance actions taken in fiscal 2023 offsetting SG&A expenses.
Word for word“partially offset by a gain on the sale of land ($6.8 million) recorded in fiscal 2023 and savings from severance actions in fiscal 2023 ($3.3 million).” 10-K for 2023
Our summaryReported savings from permanent cost reduction actions taken earlier in fiscal 2023 in the Workplace Supplies segment.
Word for word“an approximate $14.0 million in savings from permanent cost reduction actions taken earlier in fiscal year 2023; and” 10-K for 2023
Our summaryDuring fiscal 2024 the company approved headcount reductions to streamline operational and administrative functions, recording severance charges within SG&A.
Word for word“During fiscal 2024, the Company approved headcount reductions to streamline and improve the efficiency and effectiveness of operational and administrative functions.” 10-K for 2024
Our summarySeverance charges of $5.2 million were recorded in fiscal 2024 within Selling, general and administrative expenses, with about $2.7 million accrued as unpaid at year end.
Word for word“As a result of these actions, severance charges of $ 5.2 million were recorded within “Selling, general and administrative expenses” on the Consolidated Statement of Income for the fiscal year ended September 27, 2024.” 10-K for 2024
Our summaryDuring fiscal 2023 the company approved action plans to streamline operational and administrative functions, recording severance charges.
Word for word“During fiscal 2023, the Company approved action plans to streamline and improve the efficiency and 63 Table of Contents effectiveness of operational and administrative functions.” 10-K for 2024
Our summarySeverance charges of $7.6 million were recorded in fiscal 2023 within SG&A and cost of services provided.
Word for word“As a result of these actions, severance charges of $ 7.6 million were recorded within “Selling, general and administrative expenses” and “Cost of services provided (exclusive of depreciation and amortization)” on the Combined Statement of Income for the fiscal year ended September 29, 2023.” 10-K for 2024
Our summaryThe company approved and started a multi-year business transformation and restructuring plan, expected to cost $25 million to $30 million including up to $10 million of severance and related costs.
Word for word“Currently we anticipate that the Plan will be substantially complete by the end of fiscal 2027 and we estimate costs of the Plan to be in the range of $25 million to $30 million, with approximately $20 million related to third-party consulting and support, and up to $10 million in severance and related costs.” 10-K for 2025
Our summaryThe company approved headcount reductions in fiscal 2025, 2024 and 2023 to streamline operations and recorded severance charges each year.
Word for word“As a result of these actions, severance charges of $ 18.7 million, $ 5.2 million and $ 7.6 million were recorded on the Consolidated and Combined Statements of Income for the fiscal years ended October 3, 2025, September 27, 2024 and September 29, 2023, respectively.” 10-K for 2025
Our summaryThe company cut its sales force in the fourth quarter of fiscal 2025 and also had executive departures, which drove higher severance charges.
Word for word“The severance charges were primarily related to the departure of certain former executives in the first half of the year and a reduction in the sales force that occurred in the fourth quarter of fiscal 2025.” 10-K for 2025
| Fiscal year ended | Severance costs |
|---|---|
| 2023-09-29 | $7.6 million |
| 2024-09-27 | $5.2 million |
| 2025-10-03 | $18.7 million |
Vestis 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 Vestis’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 2025-12-02. 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.