Whole Foods Market layoffs, on the record
Every job cut, severance charge and restructuring Whole Foods Market reported in its annual reports, 2015 to 2017, quoted from the filings.
Job cuts, severance and restructuring
Our summaryThe company reduced more than 2,000 positions, about 2.1% of its workforce, offering affected team members transition pay, severance pay, or the chance to apply for other jobs.
Word for word“The Company has reduced more than 2,000 positions, which represents approximately 2.1% of its workforce.” 10-K for 2015
Our summaryThe company recorded a one-time termination charge related to restructuring in the fourth quarter of fiscal 2015, alongside asset impairment charges in selling, general and administrative expenses.
Word for word“During the fourth quarter of fiscal year 2015 , "Selling, general, and administrative expenses" included asset impairment charges totaling approximately $46 million related to certain locations for which asset value exceeded expected future cash flows and a one-time termination charge of $34 million related to restructuring.” 10-K for 2015
Our summaryThe company expects about $0.01 per diluted share in costs in the first quarter of fiscal 2016 associated with the recent restructuring.
Word for word“The Company will be facing its toughest comparable store sales and earnings comparisons in the first quarter, which will also include approximately $0.01 per diluted share in costs associated with the recent restructuring.” 10-K for 2015
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2016-09-25 | $6 million | $10 million |
| 2017-09-24 | $30 million | $16 million |
Whole Foods Market 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 Whole Foods Market’s annual reports (10-K for 2017, 10-K for 2016, 10-K for 2015) and the financial data it files with the SEC, as of 2017-11-17. 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.