Astec Industries layoffs, on the record
Every job cut, severance charge and restructuring Astec Industries reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 4,322 to 4,468.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 4,322 | December 31, 2023 |
| 10-K for 2024 | 4,148 | December 31, 2024 |
| 10-K for 2025 | 4,468 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryImplemented a limited restructuring plan to right-size and reduce the fixed cost structure of certain overhead departments.
Word for word“In connection with this review, in February 2023, we implemented a limited restructuring plan to right-size and reduce the fixed cost structure of certain overhead departments.” 10-K for 2023
Our summaryRecorded restructuring costs related to the separation agreement and equity award modifications for the former CEO, Mr. Ruffalo.
Word for word“In accordance with the terms of Mr. Ruffalo's separation agreement, we recorded $1.8 million of restructuring costs during the first quarter of 2023 related to the modification of Mr. Ruffalo's equity awards as well as third-party transition support costs in "Restructuring, impairment and other asset charges, net" in the Consolidated Statements of Operations.” 10-K for 2023
Our summaryRecorded restructuring charges for costs associated with exited operations at Enid.
Word for word“Restructuring charges: Costs associated with leadership change and overhead restructuring $ 7.3 $ 4.4 Costs associated with exited operations - Enid 0.4 1.0 Costs associated with closing Tacoma — 0.8 Total restructuring related charges 7.7 6.2” 10-K for 2023
Our summaryRecorded restructuring charges for closing the Tacoma facility.
Word for word“Costs associated with closing Tacoma — 0.8 Total restructuring related charges 7.7 6.2” 10-K for 2023
Our summaryThe company recorded workforce reduction restructuring charges of $0.9 million in 2024 within restructuring, impairment and other asset charges.
Word for word“Restructuring charges: Costs associated with exited operations – Enid $ 8.6 $ 0.4 Workforce reductions 0.9 — Costs associated with leadership change and overhead restructuring — 7.3 Total restructuring related charges 9.5 7.7 Asset impairment charges: Other impairment charges — 1.2 Total asset impairment charges — 1.2 Gain on sale of property and equipment, net: Gain on sale of property and equipment, net (1.1) (3.1) Total gain on sale of property and equipment, net (1.1) (3.1) Restructuring, impairment and other asset charges, net $ 8.4 $ 5.8 See Note 21, Strategic Transformation and Restructuring, Impairment and Other Asset Charges, net, of the Notes to the Consolidated Financial Statements included in Part II, Item 8 of this Annual Report on Form 10-K for discussion of the individual restructuring actions taken and the impairment charges recorded.” 10-K for 2024
Our summaryThe company carried out a limited overhead restructuring action in February 2023 that involved leadership change costs.
Word for word“These decreases were partially offset by (i) increased personnel-related costs of $9.4 million, which includes the recovery of share-based compensation expense in the prior year that did not recur for awards that were forfeited or modified in conjunction with the termination of our previous Chief Executive Officer ("CEO") and the limited overhead restructuring action implemented in February 2023 of $2.6 million, (ii) higher technology 26 Table of Content s support costs and certain professional services of $7.7 million and (iii) increased costs related to our strategic transformation program of $3.6 million.” 10-K for 2024
Our summaryThe company reported total costs incurred to date for its strategic transformation initiatives.
Word for word“Through the year ended December 31, 2025, we have incurred total implementation costs of approximately $151 million.” 10-K for 2025
| Fiscal year ended | Severance costs | Restructuring charges |
|---|---|---|
| 2018-12-31 | — | $1.9 million |
| 2019-12-31 | — | $2.9 million |
| 2020-12-31 | $0 | $9.9 million |
| 2021-12-31 | $0 | $2.9 million |
| 2022-12-31 | $4.4 million | $6.2 million |
| 2023-12-31 | $7.3 million | $7.7 million |
| 2024-12-31 | $0 | $9.5 million |
| 2025-12-31 | $0 | −$200,000 |
Astec Industries 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 Astec Industries’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 2026-02-25. 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.