Broadcom layoffs, on the record
Every job cut, severance charge and restructuring Broadcom reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 20,000 to approximately 33,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 20,000 | As of October 29, 2023 |
| 10-K for 2024 | approximately 37,000 | As of November 3, 2024 |
| 10-K for 2025 | approximately 33,000 | November 2, 2025 |
Job cuts, severance and restructuring
Our summaryCompany initiated cost reduction activities to integrate acquired businesses and align its workforce, recognizing restructuring charges that were primarily recorded in operating expenses.
Word for word“We recognized charges of $ 36 million , $ 55 million and $ 149 million during fiscal years 2023, 2022 and 2021, respectively.” 10-K for 2023
Our summaryRestructuring liabilities for employee termination costs were recorded and utilized, with a balance of $2 million remaining at October 29, 2023.
Word for word“Restructuring charges 20 9 29 Utilization ( 22 ) ( 11 ) ( 33 ) Balance as of October 29, 2023 $ 2 $ — $ 2 Restructuring charges in our consolidated statement of operations for the fiscal years 2023, 2022 and 2021 included $ 7 million, $ 25 million and $ 36 million respectively, for the write-down of certain lease-related ROU assets and other lease-related charges.” 10-K for 2023
Our summaryCompany recorded non-recurring charges related to IP litigation within restructuring and other charges.
Word for word“During fiscal year 2023, other charges included $ 204 million of non-recurring charges related to IP litigation and $ 8 million of impairment and disposal charges primarily related to property, plant and equipment.” 10-K for 2023
Our summaryBroadcom recorded restructuring and other charges tied to cost reduction activities from the VMware Merger, mainly employee termination costs, to integrate the acquired business and align its workforce.
Word for word“The fiscal year 2024 charges primarily included employee termination costs from cost reduction activities related to the VMware Merger.” 10-K for 2024
Our summaryBroadcom initiated restructuring activities after the VMware Merger to integrate the acquired business and align its workforce, and expects them to be substantially completed by the end of fiscal year 2025.
Word for word“In connection with the VMware Merger, we initiated restructuring activities to integrate the acquired business, align our workforce and improve efficiencies in our operations.” 10-K for 2024
Our summaryBroadcom recorded restructuring charges in fiscal year 2022 for employee termination costs and lease impairments, and had smaller restructuring charges in fiscal year 2023.
Word for word“During fiscal year 2022, we incurred $ 38 million of impairment charges related to lease assets.” 10-K for 2024
Our summaryRestructuring and other charges in operating expenses fell sharply in fiscal 2025 because employee termination costs tied to the VMware integration were lower.
Word for word“Restructuring and other charges recognized in operating expenses decreased $942 million, or 61%, in fiscal year 2025, compared to the prior fiscal year primarily due to lower employee termination costs associated with the integration of the VMware business.” 10-K for 2025
Our summaryBroadcom recorded lease and impairment charges, mainly on lease assets and property, plant and equipment, as part of the VMware restructuring.
Word for word“We also recognized lease and impairment charges primarily related to lease assets and property, plant and equipment of $ 169 million and $ 277 million during fiscal years 2025 and 2024, respectively.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Restructuring costs incurred |
|---|---|---|
| 2018-11-04 | $228 million | — |
| 2019-11-03 | $746 million | — |
| 2020-11-01 | $233 million | — |
| 2021-10-31 | $113 million | — |
| 2022-10-30 | $30 million | $62 million |
| 2023-10-29 | $29 million | $44 million |
| 2024-11-03 | — | $1.79 billion |
| 2025-11-02 | — | $597 million |
Broadcom filed 1 restructuring notice (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 Broadcom’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 2025-12-18. 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.