Carpenter Technology layoffs, on the record
Every job cut, severance charge and restructuring Carpenter Technology reported in its annual reports, 2024 to 2026, quoted from the filings. Headcount went from approximately 4,600 to approximately 4,500.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2024 | approximately 4,600 | June 30, 2024 |
| 10-K for 2025 | approximately 4,500 | June 30, 2025 |
| 10-K for 2026 | approximately 4,500 | June 30, 2026 |
Job cuts, severance and restructuring
Our summaryStreamlined operations in the Carpenter Additive business, recording restructuring and asset impairment charges that included about 1.1 million of personnel costs for severance, medical coverage and related items.
Word for word“The Company also recognized $ 1.1 million of various personnel costs for severance payments, medical coverage and related items.” 10-K for 2024
Our summaryClosed Carpenter Additive operations in the United Kingdom, producing a U.S. tax benefit tied to the restructuring actions.
Word for word“The fiscal year 2024 tax expense includes $18.4 million for U.S. tax benefits related to the closure of Carpenter Additive operations in the United Kingdom, $12.4 million associated with the pension settlement charge and $6.8 million attributable to employee share-based compensation.” 10-K for 2024
Our summaryStreamlined operations in the Carpenter Additive business in the PEP segment, announced in the quarter ended June 30, 2024, with restructuring and asset impairment charges recorded in fiscal 2025.
Word for word“Our fiscal year 2025 results include restructuring and asset impairment charges of $3.6 million as a result of actions taken to streamline operations in the Carpenter Additive business in the PEP segment, as announced in the quarter ended June 30, 2024.” 10-K for 2025
Our summaryThe company took actions to streamline its Carpenter Additive business in the PEP segment, recording $3.6 million of restructuring and asset impairment charges in fiscal year 2025.
Word for word“The charges in fiscal year 2025 were a result of actions taken to streamline operations in our Carpenter Additive business in the PEP segment, as announced in the quarter ended June 30, 2024.” 10-K for 2026
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2016-06-30 | $10.4 million | $3 million |
| 2017-06-30 | — | $300,000 |
| 2021-06-30 | $1.2 million | $9.3 million |
| 2023-06-30 | $0 | — |
| 2024-06-30 | $1.1 million | — |
| 2025-06-30 | $1.1 million | — |
Carpenter Technology 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 Carpenter Technology’s annual reports (10-K for 2026, 10-K for 2025, 10-K for 2024) and the financial data it files with the SEC, as of 2026-08-12. 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.