WK Kellogg layoffs, on the record
Every job cut, severance charge and restructuring WK Kellogg reported in its annual reports, 2023 to 2024, quoted from the filings. Headcount went from approximately 3,150 to approximately 3,280.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 3,150 | December 30, 2023 |
| 10-K for 2024 | approximately 3,280 | December 28, 2024 |
Job cuts, severance and restructuring
Our summaryCompany undertook a series of strategic, structural and process realignment and restructuring actions, including cost-reduction initiatives, as described in risk factors.
Word for word“For example, we are undertaking a series of strategic, structural and process realignment and restructuring actions within our operations, including cost-reduction initiatives.” 10-K for 2023
Our summaryThe Board approved a plan to close the Omaha plant and scale back production at the Memphis facility to modernize the supply chain.
Word for word“On July 31, 2024, the Board of Directors of the Company approved a reorganization plan in connection with the Company's strategic priority to modernize its supply chain.” 10-K for 2024
Our summaryThe company expects total restructuring charges for the plan, including cash severance and other termination benefits.
Word for word“These actions are expected to result in cumulative restructuring pretax charges between $230 million and $270 million, including between $30 million and $40 million in cash costs for severance and other termination benefits and between $30 million and $40 million in other cash restructuring costs related to equipment dismantlement and other transition costs.” 10-K for 2024
Our summaryThe company recorded restructuring charges in fiscal 2024 for the supply chain plan.
Word for word“For the year-ended December 28, 2024, the Company recorded total restructuring charges of $56 million .” 10-K for 2024
Our summaryThe company announced plans to spend on supply chain modernization, including one-time cash restructuring costs.
Word for word“For example, in August 2024, we announced our plans to spend up to $500 million on supply chain modernization efforts, including capital expenditures of up to $390 million and one-time cash restructuring and non-restructuring costs of $110 million.” 10-K for 2024
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2022-12-31 | $0 | — |
| 2023-12-30 | $0 | — |
| 2024-12-28 | $53 million | $1 million |
WK Kellogg 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 WK Kellogg’s annual reports (10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2025-02-25. 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.