Applied Materials layoffs, on the record
Every job cut, severance charge and restructuring Applied Materials reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 34,000 to approximately 36,500.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 34,000 | October 29, 2023 |
| 10-K for 2024 | approximately 35,700 | October 27, 2024 |
| 10-K for 2025 | approximately 36,500 | As of October 26, 2025 |
Job cuts, severance and restructuring
Our summaryCompany reported severance and related charges in fiscal 2021 in its income statement, with a reversal of a small amount in fiscal 2022 and no charge in fiscal 2023.
Word for word“Severance and related charges — ( 4 ) 157 Deal termination fee — — 154 Total operating expenses 4,730 4,205 4,025 Income from operations 7,654 7,788 6,889 Interest expense 238 228 236 Interest and other income (expense), net 300 39 118 Income before income taxes 7,716 7,599 6,771 Provision for income taxes 860 1,074 883 Net income $ 6,856 $ 6,525 $ 5,888 Earnings per share: Basic $ 8.16 $ 7.49 $ 6.47 Diluted $ 8.11 $ 7.44 $ 6.40 Weighted average number of shares: Basic 840 871 910 Diluted 845 877 919 See accompanying Notes to Consolidated Financial Statements.” 10-K for 2023
Our summaryCompany reported lower headcount-related costs in fiscal 2023 as employees moved into open positions within Semiconductor Systems and Applied Global Services, which partly offset lower net sales in the Display and Adjacent Markets segment.
Word for word“Operating margin for fiscal 2023 decreased compared to fiscal 2022 primarily due to lower net sales, partially offset by a reduction in headcount related costs as headcount moved to open positions within Semiconductor Systems and Applied Global Services segments.” 10-K for 2023
Our summaryThe filing says it may need additional cost reduction efforts, including restructuring activities, if economic conditions weaken.
Word for word“We may be required to implement additional cost reduction efforts, including restructuring activities, which may adversely impact our ability to capitalize on opportunities.” 10-K for 2023
Our summaryThe income statement shows severance and related charges of zero in fiscal 2024 and 2023 and a credit of 4 million in fiscal 2022.
Word for word“Severance and related charges — — ( 4 ) Total operating expenses 5,030 4,730 4,205 Income from operations 7,867 7,654 7,788 Interest expense 247 238 228 Interest and other income (expense), net 532 300 39 Income before income taxes 8,152 7,716 7,599 Provision for income taxes 975 860 1,074 Net income $ 7,177 $ 6,856 $ 6,525 Earnings per share: Basic $ 8.68 $ 8.16 $ 7.49 Diluted $ 8.61 $ 8.11 $ 7.44 Weighted average number of shares: Basic 827 840 871 Diluted 834 845 877 See accompanying Notes to Consolidated Financial Statements.” 10-K for 2024
Our summaryApproved a workforce reduction plan, the Fiscal 2025 Restructuring Plan, expected to affect about 4% of the global workforce.
Word for word“In the fourth quarter of fiscal 2025, we approved a workforce reduction plan (Fiscal 2025 Restructuring Plan) to position us for continued growth as a more competitive and productive organization and expect approximately 4% of our global workforce to be impacted under this plan.” 10-K for 2025
Our summaryRecorded restructuring charges for the plan, mostly cash severance and other termination benefits plus non-cash charges.
Word for word“In the fourth quarter of fiscal 2025, we recognized $181 million of restructuring charges consisting primarily of severance and other employment termination benefits to be paid in cash, and other non-cash related charges.” 10-K for 2025
Our summaryExpects to finish the restructuring plan in the next fiscal year.
Word for word“We expect to complete the plan in fiscal 2026.” 10-K for 2025
| Fiscal year ended | Restructuring charges |
|---|---|
| 2019-10-27 | $0 |
| 2020-10-25 | $0 |
| 2021-10-31 | $157 million |
| 2022-10-30 | −$4 million |
| 2023-10-29 | $0 |
| 2024-10-27 | $0 |
| 2025-10-26 | $181 million |
Applied Materials 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 Applied Materials’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 2025-12-12. 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.