Avantor layoffs, on the record
Every job cut, severance charge and restructuring Avantor reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 14,500 to approximately 13,500.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 14,500 | December 31, 2023 |
| 10-K for 2024 | approximately 13,500 | As of December 31, 2024 |
| 10-K for 2025 | approximately 13,500 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryRecorded restructuring and severance charges in the Adjusted EBITDA reconciliation for 2023, tied to initiatives to increase profitability and productivity.
Word for word“Restructuring and severance charges 4 26.5 3.5 5.3 Receipt of disgorgement penalty 5 — — (13.0) Reserve for certain legal matters 6 7.1 — — Impairment charges 7 160.8 — —” 10-K for 2023
Our summaryLaunched a multi-year cost transformation initiative targeting about $300 million in annual gross run-rate savings by the end of 2026, with committed restructuring activities.
Word for word“In conjunction with our new operating model, we launched a multi-year cost transformation initiative, with the objective to deliver approximately $300 million in annual gross run-rate savings by the end of 2026.” 10-K for 2024
Our summaryRecorded restructuring and severance charges tied to restructuring initiatives, covering employee severance, site-related exit costs and contract termination costs, including costs to achieve the cost transformation initiative.
Word for word“Reflects the incremental expenses incurred in the period related to restructuring initiatives to increase profitability and productivity.” 10-K for 2024
Our summaryRecorded non-cash restructuring charges in the cash flow statement.
Word for word“Non-cash restructuring charges (see note 12) 16.9 — — Provision for accounts receivable and inventory 75.1 84.5 65.0 Deferred income tax benefit ( 46.9 ) ( 172.4 ) ( 69.1 ) Amortization of deferred financing costs 11.2 13.0 15.7 Loss on extinguishment of debt 10.9 6.9 12.5 Foreign currency remeasurement (gain) loss ( 0.3 ) ( 2.6 ) 10.0 Pension termination charges 9.3 — — Changes in assets and liabilities: Accounts receivable 45.9 77.0 ( 45.2 ) Inventory ( 18.5 ) 30.3 ( 112.5 ) Accounts payable 59.6 ( 139.6 ) 15.6 Accrued interest ( 1.6 ) 0.3 0.1 Other assets and liabilities ( 37.7 ) 48.6 ( 179.3 ) Other ( 0.3 ) ( 0.7 ) ( 7.0 ) Net cash provided by operating activities 840.8 870.0 843.6 Cash flows from investing activities: Capital expenditures ( 148.8 ) ( 146.4 ) ( 133.4 ) Cash paid for acquisitions, net of cash acquired — — ( 20.2 ) Cash proceeds from settlement of cross currency swap — — 42.5 Proceeds from sale of disposal group, net of cash sold 585.2 — — Other 2.5 2.7 1.5 Net cash provided by (used in) investing activities $ 438.9 $ ( 143.7 ) $ ( 109.6 ) The accompanying notes are an integral part of these consolidated financial statements F-9 Avantor, Inc. and subsidiaries Consolidated statements of cash flows (continued) (in millions) Year ended December 31, 2024 2023 2022 Cash flows from financing activities: Debt borrowings $ — $ — $ 327.2 Debt repayments ( 1,341.8 ) ( 846.0 ) ( 947.0 ) Payments of debt refinancing fees and premiums — ( 2.3 ) ( 0.6 ) Payments of dividends on preferred stock — — ( 32.4 ) Proceeds received from exercise of stock options 69.2 18.3 17.3 Shares repurchased to satisfy employee tax obligations for vested stock-based awards ( 8.6 ) ( 13.7 ) ( 13.2 ) Net cash used in financing activities ( 1,281.2 ) ( 843.7 ) ( 648.7 ) Effect of currency rate changes on cash and cash equivalents ( 21.5 ) 8.2 ( 15.5 ) Net change in cash, cash equivalents and restricted cash ( 23.0 ) ( 109.2 ) 69.8 Cash, cash equivalents and restricted cash, beginning of year 287.7 396.9 327.1 Cash, cash equivalents and restricted cash, end of year $ 264.7 $ 287.7 $ 396.9 The accompanying notes are an integral part of these consolidated financial statements F-10 Avantor, Inc. and subsidiaries Notes to consolidated financial statements 1. Nature of operations and presentation of financial statements We are a global” 10-K for 2024
Our summaryAvantor expanded its cost transformation initiative and committed to significant restructuring activities, targeting about $400 million in run rate gross savings by the end of 2027.
Word for word“We have expanded this initiative and now expect to generate approximately $400 million in run rate gross savings by the end of 2027.” 10-K for 2025
Our summaryAvantor reported restructuring and severance charges tied to its cost transformation initiative, covering employee severance, site exit costs, and contract termination costs.
Word for word“Costs included in this caption are specific to employee severance, site-related exit costs, and contract termination costs.” 10-K for 2025
Our summaryAvantor incurred severance and transition costs when it replaced its Chief Executive Officer in 2025.
Word for word“Represents other stock-based compensation expense (benefit), $6.7 million of severance and transition costs associated with the replacement of our Chief Executive Officer in 2025, and other costs.” 10-K for 2025
| Fiscal year ended | Severance costs | Restructuring charges |
|---|---|---|
| 2017-12-31 | — | $29.6 million |
| 2018-12-31 | — | $81.2 million |
| 2019-12-31 | — | $24.3 million |
| 2020-12-31 | — | $11.8 million |
| 2021-12-31 | — | $5.3 million |
| 2022-12-31 | — | $3.5 million |
| 2023-12-31 | — | $26.5 million |
| 2024-12-31 | — | $82.8 million |
| 2025-12-31 | $6.7 million | $29.8 million |
Avantor 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 Avantor’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 2026-02-11. 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.