Cabot layoffs, on the record
Every job cut, severance charge and restructuring Cabot reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 4,300 to approximately 4,100.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 4,300 | September 30, 2023 |
| 10-K for 2024 | approximately 4,200 | As of September 30, 2024 |
| 10-K for 2025 | approximately 4,100 | As of September 30, 2025 |
Job cuts, severance and restructuring
Our summaryGlobal restructuring activities were reported as a certain item, with costs of 4 million in fiscal 2023 and 3 million in fiscal 2022, covering cost reduction initiatives, plant closures and employee termination costs.
Word for word“Global restructuring activities (4 ) (3 ) Loss on sale of business and asset impairment charge (Note D) (3 ) (207 ) Other certain items (2 ) — Gain on bargain purchase of a business (Note C) — 24 Specialty Fluids divestiture related benefit — 5 Employee benefit plan settlement and other charges — 1 Purification Solutions divestiture related charges — (5 ) Total certain items, pre-tax (29 ) (183 ) Non-GAAP tax adjustments 161 32 Total certain items, net of tax $ 132 $ (151 ) An explanation of these items of expense and income is included in our discussion under the heading "Definition of Terms and Non-GAAP Financial Measures".” 10-K for 2023
Our summaryCabot initiated restructuring activities in its Reinforcement Materials and Performance Chemicals segments, including closing its reinforcing carbons unit at the Tianjin, China facility.
Word for word“During the first quarter of fiscal 2024, the Company initiated restructuring activities in both its Reinforcement Materials segment (“RM Plan”) and its Performance Chemicals segment (“PC Plan”).” 10-K for 2024
Our summaryCabot recorded restructuring charges, mainly for severance and accelerated depreciation, tied to its 2024 reorganization plans, including idling the Frankfurt facility.
Word for word“During fiscal 2024, the Company recorded charges of $ 13 million primarily for severance related costs and accelerated depreciation as part of these plans.” 10-K for 2024
Our summaryCabot reported a severance and employee benefits charge within its 2024 reorganization restructuring activities.
Word for word“Details of the 2024 Reorganization restructuring activities and the related reserves for fiscal 2024 are as follows: Severance and Employee Benefits Accelerated Depreciations on Assets Other Total (In millions) Reserve at September 30, 2023 $ — $ — $ — $ — Charges 5 6 2 13 Costs charged against assets — ( 6 ) — ( 6 ) Cash paid ( 5 ) — ( 1 ) ( 6 ) Reserve at September 30, 2024 $ — $ — $ 1 $ 1 Cabot’s restructuring reserves are reflected in Accounts payable and accrued liabilities on the Company’s Consolidated Balance Sheets.” 10-K for 2024
Our summaryCabot expects to record additional restructuring charges related to these plans through fiscal 2025.
Word for word“The Company expects to record additional restructuring charges of $ 1 million related to these plans through fiscal 2025.” 10-K for 2024
Our summaryCabot carried out reorganizations in fiscal 2025 that cut staff across business and functional teams and recorded mainly severance charges.
Word for word“These restructuring actions have resulted in reductions in workforce across business and functional teams.” 10-K for 2025
Our summaryCabot recorded total charges of $10 million for the 2025 reorganizations, mostly severance costs.
Word for word“Under this plan, the Company recorded total charges of $ 10 million, primarily related to severance costs.” 10-K for 2025
Our summaryCabot started 2024 restructuring in Reinforcement Materials and Performance Chemicals, closing its reinforcing carbons unit in Tianjin, China.
Word for word“Under the RM Plan, the Company closed its reinforcing carbons unit at the facility in Tianjin, China that the Company acquired from Tokai Carbon Group in February 2022, consolidating its reinforcing carbons operations and reducing ongoing operational costs.” 10-K for 2025
Our summaryCabot recorded charges for the 2024 plans, mostly severance and accelerated depreciation, in both fiscal years.
Word for word“As part of these plans, the Company recorded charges of $ 1 million and $ 13 million in fiscal 2025 and 2024, respectively, primarily for severance related costs and accelerated depreciation.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2016-09-30 | $29 million | — |
| 2017-09-30 | $25 million | — |
| 2018-09-30 | −$30 million | — |
| 2019-09-30 | $16 million | — |
| 2020-09-30 | $19 million | — |
| 2021-09-30 | $11 million | — |
| 2022-09-30 | $3 million | — |
| 2023-09-30 | $4 million | — |
| 2024-09-30 | $13 million | $6 million |
| 2025-09-30 | $11 million | $4 million |
Cabot 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 Cabot’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 2025-11-24. 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.