Acushnet Holdings layoffs, on the record
Every job cut, severance charge and restructuring Acushnet Holdings reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 7,300 to approximately 7,300.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 7,300 | December 31, 2023 |
| 10-K for 2024 | approximately 7,300 | December 31, 2024 |
| 10-K for 2025 | approximately 7,300 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryRecorded 2021 pension settlement costs from lump-sum payments tied to a voluntary retirement program under an approved restructuring program, plus severance and other costs from a program to refine the business model and improve operational efficiencies.
Word for word“The year ended December 31, 2021 includes pension settlement costs of $2.1 million related to lump-sum distributions to participants in our defined benefit plans as a result of the voluntary retirement program as part of management’s approved restructuring program, as well as $2.4 million of severance and other costs associated with management's program to refine our business model and improve operational efficiencies.” 10-K for 2023
Our summaryIncurred costs tied to optimizing its distribution and custom fulfillment capabilities, included in other non-recurring items in Adjusted EBITDA.
Word for word“The year ended December 31, 2023 includes costs associated with the optimization of our distribution and custom fulfillment capabilities.” 10-K for 2023
Our summaryLionscore approved a plan to permanently close certain production lines at the Fujian Fuh Deh Leh factory in Fuzhou, China and involuntarily separate certain manufacturing employees, shifting footwear production to a Vietnam supplier.
Word for word“During the first quarter of 2024, Lionscore approved a plan to permanently close certain production lines at the VIE's Fujian Fuh Deh Leh (“FDL”) factory in Fuzhou, China, and involuntarily separate certain direct and indirect manufacturing employees, as footwear production volume was shifted to a third-party supplier in Vietnam affiliated with certain of the Company's VIE partners (the "Initial Plan").” 10-K for 2024
Our summaryThe joint venture stopped production at its Fuzhou, China facility, and FootJoy moved substantially all footwear manufacturing to a third-party Vietnam facility.
Word for word“The joint venture ceased production at its Fuzhou, China facility in January 2025 and FootJoy currently contracts to manufacture substantially all of its footwear at the third-party owned Vietnam manufacturing facility.” 10-K for 2024
Our summaryThe company incurred restructuring charges related to its supply chain optimization initiative.
Word for word“In relation to this initiative, we incurred restructuring charges of $18.0 million during the year ended December 31, 2024, as described in “Notes to Consolidated Financial Statements – Note 23 – Restructuring Costs,” Item 8 of Part II to this report.” 10-K for 2024
Our summaryThe company started a Voluntary Bridge to Retirement program offering severance as salary and benefit continuation to long-tenured eligible employees, and recorded restructuring costs for it.
Word for word“During the second quarter of 2025, we initiated a VBR program to reduce operating costs and bridge certain long-tenured eligible employees to retirement.” 10-K for 2025
| Fiscal year ended | Restructuring charges |
|---|---|
| 2016-12-31 | $1.7 million |
| 2017-12-31 | $0 |
| 2018-12-31 | $0 |
| 2019-12-31 | $0 |
| 2020-12-31 | $13.2 million |
| 2021-12-31 | $0 |
| 2022-12-31 | $0 |
Acushnet Holdings 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 Acushnet Holdings’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 2026-02-27. 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.