Advanced Drainage Systems layoffs, on the record
Every job cut, severance charge and restructuring Advanced Drainage Systems reported in its annual reports, 2024 to 2026, quoted from the filings. Headcount went from 5,705 to 6,425.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2024 | 5,705 | March 31, 2024 |
| 10-K for 2025 | 6,000 | March 31, 2025 |
| 10-K for 2026 | 6,425 | March 31, 2026 |
Job cuts, severance and restructuring
Our summaryThe company ran a restructuring plan to streamline its production, recycling and distribution network, including closing four facilities, and recorded $48.3 million of expense in fiscal 2026.
Word for word“Under the 2026 Restructuring Plan, for the fiscal year ended March 31, 2026, the Company recorded expense of $ 48.3 million related to the optimization of the Company’s production, recycling and distribution networks, including the closure of four facilities and changes to the Company’s production footprint.” 10-K for 2026
| Fiscal year ended | Severance costs | Restructuring charges | Cash paid for restructuring |
|---|---|---|---|
| 2018-03-31 | $2 million | $11.4 million | — |
| 2019-03-31 | $131,000 | $1.6 million | — |
| 2020-03-31 | — | — | $1.1 million |
| 2021-03-31 | — | $1.9 million | $1.8 million |
| 2023-03-31 | — | −$4.1 million | — |
Advanced Drainage Systems 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 Advanced Drainage Systems’s annual reports (10-K for 2026, 10-K for 2025, 10-K for 2024) and the financial data it files with the SEC, as of 2026-05-21. 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.