Catalent layoffs, on the record
Every job cut, severance charge and restructuring Catalent reported in its annual reports, 2022 to 2024, quoted from the filings. Headcount went from approximately 19,000 to approximately 16,900.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2022 | approximately 19,000 | June 30, 2022 |
| 10-K for 2023 | approximately 17,800 | June 30, 2023 |
| 10-K for 2024 | approximately 16,900 | As of June 30, 2024 |
Job cuts, severance and restructuring
Our summaryAdopted a plan to close the Clinical Supply Services facility in Bolton, U.K., and reduced headcount by about 170 employees as part of it.
Word for word“In connection with this restructuring plan, the Company reduced its headcount by approximately 170 employees and incurred cumulative charges of $ 10 million, primarily associated with employee severance benefits.” 10-K for 2022
Our summaryRecorded further restructuring charges for the Bolton facility closure in fiscal 2022.
Word for word“For the fiscal year ended June 30, 2022, restructuring charges associated with the Bolton facility closure were $ 3 million.” 10-K for 2022
Our summaryCompany adopted restructuring plans to reduce costs, consolidate facilities and optimize infrastructure, cutting headcount in fiscal 2023.
Word for word“In connection with these restructuring plans, during the fiscal year ended June 30, 2023, we reduced our headcount by approximately 1,100 employees and incurred $66 million of cumulative pre-tax employee separation and other restructuring related costs.” 10-K for 2023
Our summaryCompany expanded restructuring with an incremental plan to cut costs and headcount, mainly in Biologics and corporate functions.
Word for word“During the three months ended June 30, 2023, the Company expanded its restructuring efforts by adopting an incremental plan to reduce costs and headcount, primarily in its Biologics segment and corporate functions.” 10-K for 2023
Our summaryCompany expected annualized run-rate savings from its restructuring plans.
Word for word“As a result of our restructuring plans, we expect to deliver an annualized run-rate savings of $150 to $160 million.” 10-K for 2023
Our summaryCompany committed to close its San Francisco facility and move operations to other sites, as part of its restructuring plans.
Word for word“In October 2023, and in connection with the Company's restructuring plans, the Company committed to a plan to close operations at its San Francisco facility and to transfer those operations to other sites within its network.” 10-K for 2023
Our summaryCatalent cut headcount by about 700 employees and incurred $39 million of employee separation and other restructuring costs under its restructuring plans, expecting annual run-rate savings of $90 to $100 million.
Word for word“In connection with these restructuring plans, during the fiscal year ended June 30, 2024, we reduced our headcount by approximately 700 employees and incurred $39 million of cumulative pre-tax employee separation and other restructuring related costs.” 10-K for 2024
Our summaryCatalent reported that the restructuring plans reduced headcount by about 700 employees and carried $26 million of employee-related charges, mostly cash severance programs.
Word for word“In connection with these restructuring plans, the Company reduced its headcount by approximately 700 employees and incurred cumulative employee-related charges of $ 26 million, primarily associated with cash severance programs through June 30, 2024.” 10-K for 2024
| Fiscal year ended | Severance costs | Restructuring charges | Restructuring costs incurred | Cash paid for restructuring |
|---|---|---|---|---|
| 2016-06-30 | $3.7 million | $9 million | — | — |
| 2017-06-30 | $7.9 million | $6.2 million | — | — |
| 2018-06-30 | $11.9 million | $12.3 million | — | — |
| 2019-06-30 | $14 million | $14.1 million | — | — |
| 2020-06-30 | $6 million | $5.5 million | — | — |
| 2021-06-30 | $8 million | — | $8 million | — |
| 2022-06-30 | $9 million | — | $9 million | — |
| 2023-06-30 | — | — | $38 million | $20 million |
| 2024-06-30 | — | — | $26 million | $35 million |
Catalent 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 Catalent’s annual reports (10-K for 2024, 10-K for 2023, 10-K for 2022) and the financial data it files with the SEC, as of 2024-09-06. 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.