Benchmark Electronics layoffs, on the record
Every job cut, severance charge and restructuring Benchmark Electronics reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 12,703 to approximately 11,840.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 12,703 | As of December 31, 2023 |
| 10-K for 2024 | approximately 11,700 | December 31, 2024 |
| 10-K for 2025 | approximately 11,840 | As of December 31, 2025 |
Job cuts, severance and restructuring
Our summaryThe company recognized restructuring charges in 2023 tied to closing its Moorpark, California site and other capacity reductions and workforce reductions across regions.
Word for word“During 2023, we recognized $7.3 million of restructuring charges primarily related to the previously announced closure of our site in Moorpark, California in the Americas, and other smaller activities involving capacity reductions and reductions in workforce in certain facilities across various regions.” 10-K for 2023
Our summaryThe company recorded severance costs in 2023 as part of its restructuring charges, with the Americas accounting for most of them.
Word for word“Severance costs $ 4,226 $ — $ 282 $ 4,508 Lease facility costs 176 — — 176 Other exit costs 2,640 — 3 2,643 Total restructuring charges $ 7,042 $ — $ 285 $ 7,327 69 The following table summarizes the 2022 activity in accrued restructuring costs:” 10-K for 2023
Our summaryThe company recognized restructuring charges in 2022 tied to announced site closures or exits and reductions in workforce, primarily in the Americas.
Word for word“During 2022, we recognized $5.7 million of restructuring charges primarily due to expenses associated with announced site closures or exits, reductions in workforce and other restructuring activities primarily in the Americas.” 10-K for 2023
Our summaryThe company recorded restructuring charges in 2022 that included severance costs, with the Americas accounting for most of them.
Word for word“Severance costs $ 2,298 $ 130 $ — $ 2,428 Lease facility costs 1,261 — — 1,261 Other exit costs 2,021 — — 2,021 Total restructuring charges $ 5,580 $ 130 $ — $ 5,710 The following table summarizes the 2021 activity in accrued restructuring costs:” 10-K for 2023
Our summaryThe company recognized restructuring charges in 2021 tied to site closures and capacity reductions, including reductions in workforce.
Word for word“During 2023, 2022 and 2021, the Company recognized $ 7.3 million, $ 5.7 million and $ 9.3 million of restructuring charges primarily related to the previously announced closures of its sites in San Jose, California, Angleton, Texas, and Moorpark, California in the Americas, and other smaller activities involving capacity reductions and reductions in workforce in certain facilities across various regions.” 10-K for 2023
Our summaryCompany recognized restructuring charges in 2024 primarily related to capacity and workforce reductions at its Americas sites.
Word for word“During 2024, we recognized $6.3 million of restructuring charges primarily related to capacity and workforce reductions at our sites in the Americas.” 10-K for 2024
Our summaryCompany decided to no longer continue certain Americas manufacturing capabilities and recorded impairment charges on the related facility and equipment assets.
Word for word“In connection with that decision, the Company assessed the facility and equipment assets used in those manufacturing capabilities and recorded $ 1.1 million of impairment charges as a result of that assessment.” 10-K for 2024
Our summaryCompany recorded 2024 severance costs within restructuring charges, mainly in the Americas.
Word for word“Severance costs $ 4,473 $ 371 $ — $ 4,844 Lease facility costs — ( 9 ) — ( 9 ) Other exit costs 1,501 — — 1,501 Total restructuring charges $ 5,974 $ 362 $ — $ 6,336” 10-K for 2024
Our summaryCompany's restructuring initiatives during 2022 included closures of the San Jose, Angleton and Moorpark sites, with 2022 charges primarily tied to those closures and workforce reductions.
Word for word“During 2024, 2023 and 2022, the Company recognized $ 6.3 million, $ 7.3 million and $ 5.7 million of restructuring charges.” 10-K for 2024
Our summaryIn 2025 the company recorded restructuring charges mainly for closing its Fremont, California site and old Guadalajara, Mexico facility, exiting a business in the Americas, and smaller capacity and workforce reductions in various regions.
Word for word“During 2025, we recognized $7.4 million of restructuring charges and other costs which primarily related to closures of our site in Fremont, California and our old facility in Guadalajara, Mexico in the Americas, the exit of a business in the Americas, and other smaller activities involving capacity reductions and reductions in workforce in certain facilities across various regions.” 10-K for 2025
| Fiscal year ended | Severance costs | Restructuring charges | Cash paid for restructuring |
|---|---|---|---|
| 2016-12-31 | — | $4.7 million | $4.7 million |
| 2017-12-31 | — | $4.9 million | $5.9 million |
| 2018-12-31 | — | $5.2 million | $4 million |
| 2019-12-31 | — | $8.5 million | $4.9 million |
| 2020-12-31 | $7 million | $12.9 million | $9.7 million |
| 2021-12-31 | $4.1 million | $9.3 million | $9.6 million |
| 2022-12-31 | $2.4 million | $5.7 million | $5 million |
| 2023-12-31 | $4.5 million | $7.3 million | $11 million |
| 2024-12-31 | $4.8 million | $6.3 million | $6.3 million |
| 2025-12-31 | $6.1 million | $7.4 million | $6.1 million |
Benchmark Electronics 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 Benchmark Electronics’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 2026-02-24. 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.