ABB layoffs, on the record
Every job cut, severance charge and restructuring ABB reported in its annual reports, 2021 to 2023, quoted from the filings.
Job cuts, severance and restructuring
None of ABB’s annual reports for 2021 to 2023 describes a layoff, workforce reduction or restructuring.
| Fiscal year ended | Restructuring costs incurred |
|---|---|
| 2020-12-31 | $149 million |
ABB 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 ABB’s annual reports (20-F for 2023, 20-F for 2022, 20-F for 2021) and the financial data it files with the SEC, as of 2024-02-23. 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.