Arcadium Lithium layoffs, on the record
Every job cut, severance charge and restructuring Arcadium Lithium reported in its annual reports, 2023 to 2024, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2024 | approximately 2,604 employees | As of December 31, 2024 |
Job cuts, severance and restructuring
Our summaryRecorded the Allkem Livent Merger costs within restructuring and other charges, with total restructuring and other charges of $56.7 million in 2023.
Word for word“Other charges: Cost related to the Allkem Livent Merger 54.1 2.9 — Environmental remediation 0.8 1.2 ( 0.3 ) Other ( 0.6 ) 1.6 3.9 Total restructuring and other charges $ 56.7 $ 7.5 $ 3.8 Bessemer City Plant Fire On June 26, 2023, a fire broke out at Livent's 800 -acre manufacturing facility in Bessemer City, North Carolina.” 10-K for 2023
Our summaryDescribed the company's policy of accruing for severance and exit costs when it plans to restructure operations.
Word for word“We record an accrual for severance and other exit costs under the provisions of the relevant accounting guidance.” 10-K for 2023
Our summaryThe company recorded severance-related costs in 2024, mostly tied to the Allkem Livent Merger, and compared them with 2023.
Word for word“The years ended December 31, 2024 and 2023 include severance-related costs of $19.0 million and $2.4 million, respectively (see Note 12 for more information).” 10-K for 2024
Our summarySeverance and exit related costs rose in 2024, mainly because of the Allkem Livent Merger.
Word for word“Severance and exit related costs also increased $16.6 million in 2024 primarily due to the Allkem Livent Merger.” 10-K for 2024
| Fiscal year ended | Restructuring charges |
|---|---|
| 2022-12-31 | $1.8 million |
| 2023-12-31 | $2.4 million |
| 2024-12-31 | $19 million |
Arcadium Lithium 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 Arcadium Lithium’s annual reports (10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2025-02-27. 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.