Babcock & Wilcox Enterprises layoffs, on the record
Every job cut, severance charge and restructuring Babcock & Wilcox Enterprises reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 2,250 to approximately 1,650.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 2,250 | December 31, 2023 |
| 10-K for 2024 | approximately 1,950 | December 31, 2024 |
| 10-K for 2025 | approximately 1,650 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryThe company recorded restructuring activities and business services transition actions across its business units and corporate functions, with the restructuring charges mainly consisting of severance and related costs.
Word for word“Restructuring activities and business services transition actions across our business units and corporate functions resulted in expense of $5.7 million and $8.5 million in the years ended December 31, 2023 and 2022 , respectively.” 10-K for 2023
Our summaryThe company reported restructuring activities and business services transition costs of $1,296 thousand for 2024, consisting primarily of severance and related costs for non-recurring workforce and facility actions.
Word for word“Restructuring activities and business services transition actions across our business units and corporate functions primarily consist of severance and related costs associated with non-recurring actions taken to transform our operations with impacts on employees and facilities used in our businesses.” 10-K for 2024
Our summaryThe company reported restructuring activities and business services transition costs of $2,619 thousand for 2023 in its reconciliation of net loss to Adjusted EBITDA.
Word for word“Restructuring activities and business services transition costs 1,296 2,619 5,981 Advisory fees for settlement costs and liquidity planning 1,234 1,107 1,509 Loss on debt extinguishment 7,267 — — Settlement and related legal costs (recoveries) 4,044 (1,474) 9,109 Acquisition pursuit and related costs 643 827 5,504 Product development (1) 8,228 9,023 4,100 Foreign exchange 109 2,594 1,025 Financial advisory services — — 1,424 Letter of credit fees 7,036 7,702 5,204 Other - net 3,550 3,837 3,932 Adjusted EBITDA $ 68,895 $ 60,805 $ 55,567 (1) Costs associated with development of commercially viable products that are ready to go to market.” 10-K for 2024
Our summaryThe company stated that, through its restructuring efforts, it continues to make its cost structure more variable and reduce costs.
Word for word“Through our restructuring efforts, we continue to make significant progress to make our cost structure more variable and to reduce costs.” 10-K for 2024
Our summaryThe company said its restructuring efforts have cut costs and improved profitability, and that it will keep working toward more savings.
Word for word“Through our restructuring efforts, we have made and will continue working to make significant progress reducing costs and improving profitability.” 10-K for 2025
Our summaryThe company reported that its 2025 debt restructuring, repayments, equity raises and sales of non-core businesses improved its liquidity and removed going concern doubt.
Word for word“Due to the various actions completed by management during 2025, including debt restructuring activities, repayment of outstanding debt balances, equity raises, and divestitures of non-core businesses, the Company's liquidity, financial condition and capital structure improved as of December 31, 2025 and through the date of this Form 10-K filing.” 10-K for 2025
| Fiscal year ended | Severance costs | Restructuring charges | Cash paid for restructuring |
|---|---|---|---|
| 2016-12-31 | $15.3 million | $38.8 million | $20.4 million |
| 2017-12-31 | $11.4 million | $15 million | $13.1 million |
| 2018-12-31 | $16.1 million | $16.8 million | $11.3 million |
| 2019-12-31 | $10.4 million | — | $13.7 million |
| 2020-12-31 | $6.7 million | — | $9.1 million |
| 2021-12-31 | — | $4.9 million | $6.5 million |
| 2022-12-31 | — | $560,000 | $5.5 million |
| 2023-12-31 | — | $2.6 million | $2.3 million |
| 2024-12-31 | — | $1.3 million | $1.4 million |
Babcock & Wilcox Enterprises filed 2 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 Babcock & Wilcox Enterprises’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 2026-03-16. 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.