Aspen Technology layoffs, on the record
Every job cut, severance charge and restructuring Aspen Technology reported in its annual reports, 2023 to 2024, quoted from the filings. Headcount went from approximately 3,900 to 3,937.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 3,900 | June 30, 2023 |
| 10-K for 2024 | 3,937 | As of June 30, 2024 |
Job cuts, severance and restructuring
Our summaryUndertook restructuring transactions under a restructuring plan to separate the OSI and SSE businesses from Emerson and consolidate them under a holding company contributed to AspenTech in the Transaction.
Word for word“Restructuring expenses were $ 0.0 million , $ 0.1 million, and $ 2.5 million respectively, for 2023, 2022, and 2021.” 10-K for 2023
Our summarySSE restructuring action to reduce positions and transfer responsibilities to Emerson shared-service centers, booked as severance.
Word for word“SSE severance in 2021 related to a restructuring action to reduce 39 positions and transfer responsibilities to Emerson shared-service centers.” 10-K for 2023
Our summaryOSI Inc. reduction in force, mainly in Asia, with restructuring expense related mostly to severance.
Word for word“OSI Inc. restructuring expense in 2021 related mostly to severance and resulted from a reduction in force, mainly in Asia.” 10-K for 2023
Our summaryThe company plans to close certain facilities and end or relocate nearly all of its Russia employees in fiscal 2025 because of expanded US sanctions, and expects restructuring costs of $7.0 million to $9.0 million.
Word for word“The Company is still assessing the full impact of these restructuring activities and currently estimates that the total restructuring expenses for fiscal 2025 will be between $ 7.0 million and $ 9.0 million.” 10-K for 2024
Aspen Technology 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 Aspen Technology’s annual reports (10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2024-08-13. 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.