Avnet layoffs, on the record
Every job cut, severance charge and restructuring Avnet reported in its annual reports, 2024 to 2026, quoted from the filings. Headcount went from approximately 15,462 to approximately 15,040.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2024 | approximately 15,462 | June 29, 2024 |
| 10-K for 2025 | approximately 14,869 | June 28, 2025 |
| 10-K for 2026 | approximately 15,040 | June 27, 2026 |
Job cuts, severance and restructuring
Our summaryRestructuring in fiscal 2024 to cut SG&A costs at Farnell and other areas, including severance for about 600 positions.
Word for word“As such, the Company recorded $39.5 million for restructuring costs in fiscal 2024 primarily related to severance and other employee-related expenses associated with the reduction, or planned reduction, of approximately 600 employees across the Company.” 10-K for 2024
Our summarySeverance expense in fiscal 2024 tied to the reduction, or planned reduction, of about 630 employees in operations, distribution centers and business support functions.
Word for word“Severance expense recorded in fiscal 2024 related to the reduction, or planned reduction, of approximately 630 employees, primarily in operations, distribution centers, and business support functions.” 10-K for 2024
Our summaryRestructuring expenses in fiscal 2023, mainly severance, facility exit costs and asset impairments from headcount reductions and distribution center closures.
Word for word“During fiscal 2023 the Company recorded restructuring, integration, and other expenses of $28.0 million, which includes $17.4 million for restructuring costs, consisting of $16.1 million for severance, $0.5 million for facility exit costs, and $0.8 million for asset impairments.” 10-K for 2024
Our summaryFiscal 2025 restructuring expenses related to headcount reductions and planned closure of certain distribution centers, with severance expense tied to the reduction or planned reduction of over 400 employees.
Word for word“Severance expense recorded in fiscal 2025 related to the reduction, or planned reduction, of over 400 employees, primarily in operations, distribution centers, and business support functions.” 10-K for 2025
Our summaryRestructuring plan initiated in fiscal 2024 for headcount reductions tied to planned closure of certain distribution centers; remaining severance liabilities were paid and adjusted during fiscal 2025.
Word for word“During fiscal 2024, the Company incurred restructuring expenses primarily related headcount reductions from the planned closure of certain distribution centers intended to reduce future operating expenses.” 10-K for 2025
Our summaryFiscal 2024 restructuring, integration and other expenses, including restructuring costs related to a plan to reduce SG&A expenses.
Word for word“During fiscal 2024 the Company recorded restructuring, integration, and other expenses of $52.6 million, which consists of restructuring costs of $39.5 million, integration expenses of $13.1 million, and $5.5 million of other expenses, offset by a benefit of $5.5 million.” 10-K for 2025
Our summaryAvnet announced the closure of a distribution center in Germany, which drove the largest part of its fiscal 2026 severance expense.
Word for word“The largest component of the severance expense in fiscal 2026, was due to the announced closure of a distribution center in Germany that impacted approximately 350 employees.” 10-K for 2026
Our summaryAvnet recorded fiscal 2026 restructuring, integration and other expenses, including severance and other restructuring costs plus integration and other costs.
Word for word“The Company recorded total restructuring, integration, and other expenses in fiscal 2026 of $134.7 million consisting of $87.7 million of severance and other restructuring related expenses, and $47.0 million of integration and other costs primarily related to start-up costs associated with a new distribution center in EMEA, partially offset by a benefit due to a change in estimate from the settlement of an audit in Mexico.” 10-K for 2026
Our summaryAvnet took fiscal 2026 restructuring actions focused on headcount reductions to cut costs in Farnell and Europe, including the German distribution center closure.
Word for word“During fiscal 2026, the Company incurred restructuring expenses primarily related to headcount reductions including restructuring actions taken to reduce costs in Farnell and Europe including the announced closure of a distribution center in Germany.” 10-K for 2026
Our summaryAvnet recorded restructuring expenses in fiscal 2025 that were mostly severance, and most of the unpaid amount was paid in fiscal 2026.
Word for word“During fiscal 2025, the Company incurred restructuring expenses primarily for severance.” 10-K for 2026
Avnet 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 Avnet’s annual reports (10-K for 2026, 10-K for 2025, 10-K for 2024) and the financial data it files with the SEC, as of 2026-08-14. 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.