Axalta Coating Systems layoffs, on the record
Every job cut, severance charge and restructuring Axalta Coating Systems reported in its annual reports, 2023 to 2025, quoted from the filings.
Job cuts, severance and restructuring
Our summaryCompany began shifting responsibility for manufacturing at its global sites from a global operations function to its businesses.
Word for word“For example, in late 2023, to drive clear accountability and decision making in our businesses, we began the process of shifting responsibility for manufacturing activities at our global sites from a global operations function to our businesses themselves.” 10-K for 2023
Our summaryCompany recorded termination benefit costs under its restructuring accounting, net of changes in estimates.
Word for word“During the years ended December 31, 2023, 2022 and 2021, we incurred costs of $ 4.2 million, $ 23.9 million, and $ 38.7 million, respectively, for termination benefits, net of changes in estimates.” 10-K for 2023
Our summaryAnnounced a global transformation initiative (the 2024 Transformation Initiative) to simplify the organizational structure and lower the cost base.
Word for word“The 2024 Transformation Initiative is expected to result in a net reduction to our workforce of approximately 600 employees globally and total pre-tax charges of approximately $ 75 million in the aggregate, of which approximately $ 70 million represents severance and other exit-related costs and approximately $ 5 million represents non-cash accelerated depreciation charges.” 10-K for 2024
Our summaryExpects total cash expenditures for the 2024 Transformation Initiative, including capital expenditures, to be within a stated range; actions to be completed by 2026.
Word for word“Total cash expenditures related to the 2024 Transformation Initiative are expected to be approximately $ 100 - 110 million, inclusive of $ 30 - 40 million for capital expenditures to, among other things, shift manufacturing capacity or capabilities.” 10-K for 2024
Our summaryRecorded termination benefits and other employee-related costs tied to restructuring programs in segment reconciliation.
Word for word“Termination benefits and other employee-related costs (b) 67 18 24 Acquisition and divestiture-related costs (c) 11 3 3 Site closure costs (d) 1 7 2 Impairment charges (e) — 15 — Foreign exchange remeasurement losses (f) 11 23 15 Long-term employee benefit plan adjustments (g) 9 9 — Stock-based compensation (h) 28 26 22 Commercial agreement restructuring impacts (i) — — 25 Environmental charge (j) 4 — — Other adjustments (k) ( 1 ) ( 4 ) 5 Income before income taxes $ 496 $ 355 $ 257 (1) The primary measure of segment operating performance is Segment Adjusted EBITDA, which is defined as net income before interest, taxes, depreciation, amortization and select other items impacting operating results.” 10-K for 2024
Our summaryAnnounced a global transformation initiative to simplify the organization and lower costs, with actions running through 2026 and an expected workforce reduction of more than 500 employees and about $84 million in pre-tax charges.
Word for word“The 2024 Transformation Initiative is expected to result in a reduction to our workforce of more than 500 employees globally and total pre-tax charges of approximately $ 84 million in the aggregate, of which approximately $ 78 million represents severance and other exit-related costs and approximately $ 6 million represents non-cash accelerated depreciation charges.” 10-K for 2025
Our summaryRecorded pre-tax charges for the 2024 Transformation Initiative in 2025, mainly for employee severance and other exit costs.
Word for word“The 2024 Transformation Initiative resulted in pre-tax charges of $ 11 million for the year ended December 31, 2025, which primarily relates to employee severance and other exit costs .” 10-K for 2025
| Fiscal year ended | Severance costs | Restructuring charges | Cash paid for restructuring | Positions eliminated |
|---|---|---|---|---|
| 2016-12-31 | — | $58.5 million | $31 million | — |
| 2017-12-31 | — | $36.2 million | $36.1 million | — |
| 2018-12-31 | — | $79.8 million | $46.4 million | — |
| 2019-12-31 | — | $34.4 million | $57.3 million | — |
| 2020-12-31 | — | $71.9 million | $99.8 million | — |
| 2021-12-31 | — | $38.7 million | $33.3 million | — |
| 2022-12-31 | — | $24 million | $30 million | — |
| 2023-12-31 | — | $4 million | $37 million | — |
| 2024-12-31 | $76 million | $65 million | $30 million | 500 |
| 2025-12-31 | $78 million | $23 million | $51 million | 500 |
Axalta Coating Systems filed 3 restructuring notices (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Axalta Coating Systems’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 2026-02-13. 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.