Avient layoffs, on the record
Every job cut, severance charge and restructuring Avient reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 9,300 to approximately 9,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 9,300 | December 31, 2023 |
| 10-K for 2024 | approximately 9,200 | December 31, 2024 |
| 10-K for 2025 | approximately 9,000 | As of December 31, 2025 |
Job cuts, severance and restructuring
Our summaryAvient continued a restructuring program tied to the integration of Clariant Color, with workforce reductions and plant closures, expected to be mostly implemented by the end of 2024.
Word for word“We are engaged in a restructuring program associated with our integration of Clariant Color.” 10-K for 2023
Our summaryAvient recorded additional charges, mainly personnel reductions, taken during 2023 because of slowing global demand.
Word for word“Additional charges, primarily personnel reductions, taken throughout 2023 due to slowing global demand resulted in costs of $ 18.3 million recorded.” 10-K for 2023
Our summaryTotal employee separation and restructuring charges for 2023 were reported, split between cost of goods sold and selling and administrative expenses.
Word for word“Total employee separation and restructuring charges $ 26.4 $ 38.1 $ 14.7 46 AVIENT CORPORATION Note 6 — FINANCING ARRANGEMENTS For each of the periods presented, total debt consisted of the following: As of December 31, 2023 (in millions) Principal Amount Unamortized discount and debt issuance cost Net Debt Weighted average interest rate Senior secured revolving credit facility due 2026 $ — $ — $ — — % Senior secured term loan due 2029 727.9 18.9 709.0 7.88 % 5.75 % senior notes due 2025 650.0 2.8 647.2 5.75 % 7.125 % senior notes due 2030 725.0 8.8 716.2 7.125 % Other Debt 7.6 — 7.6 Total Debt 2,110.5 30.5 2,080.0 Less short-term and current portion of long-term debt 9.5 — 9.5 Total long-term debt, net of current portion $ 2,101.0 $ 30.5 $ 2,070.5 As of December 31, 2022 (in millions) Principal Amount Unamortized discount and debt issuance cost Net Debt Weighted average interest rate Senior secured revolving credit facility due 2026 $ — $ — $ — — % Senior secured term loan due 2026 426.9 3.3 423.6 3.81 % Senior secured term loan due 2029 404.7 19.2 385.5 6.53 % 5.75 % senior notes due 2025 650.0 4.8 645.2 5.75 % 7.125 % senior notes due 2030 725.0 10.1 714.9 7.125 % Other Debt 9.7 — 9.7 Total Debt 2,216.3 37.4 2,178.9 Less short-term and current portion of long-term debt 2.2 — 2.2 Total long-term debt, net of current portion $ 2,214.1 $ 37.4 $ 2,176.7 On August 16, 2023, the Company refinanced its senior secured term loans by amending its Credit Agreement (the Term Loan Amendment).” 10-K for 2023
Our summaryAvient reports an ongoing restructuring program tied to the integration of Clariant Color, with the full plan expected to be implemented by the end of 2025.
Word for word“We expect that the full restructuring plan will be implemented by the end of 2025 and anticipate that we will incur approximately $ 70.0 million of charges in connection with the restructuring plan.” 10-K for 2024
Our summaryRestructuring charges for the Clariant Color integration in 2024, including workforce reductions and plant closing and other costs, were recorded in the income statement.
Word for word“Total restructuring costs included in the Consolidated Statements of Income for the years ended December 31, 2024, 2023 and 2022 are shown in the table below, and are primarily associated with the Clariant Color integration.” 10-K for 2024
Our summaryThe company recorded severance charges tied to its decision to stop developing its S/4HANA cloud-based ERP system.
Word for word“Further, the Company recognized charges of $ 2.8 million associated to severance actions resulting from the decision to cease development of S/4HANA.” 10-K for 2025
Our summaryThe company finished a restructuring program linked to integrating the Clariant Color business, with total charges of $64.0 million.
Word for word“This program resulted in total charges of $ 64.0 million.” 10-K for 2025
Our summaryThe company recorded charges for workforce reductions and plant closures during 2025, 2024 and 2023, driven by productivity initiatives and organizational changes.
Word for word“During the years ended December 31, 2025, 2024 and 2023, additional charges were recognized associated with workforce reductions and plant closures.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2016-12-31 | $19 million | — |
| 2020-12-31 | $19.6 million | — |
| 2021-12-31 | $14.7 million | — |
| 2022-12-31 | $38.1 million | — |
| 2023-12-31 | $26.4 million | $14.2 million |
| 2024-12-31 | $4.5 million | — |
| 2025-12-31 | $48.4 million | — |
Avient 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 Avient’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 2026-02-17. 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.