Celestica layoffs, on the record
Every job cut, severance charge and restructuring Celestica reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 26,865 to 29,591.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2024 | 26,865 | December 31, 2024 |
| 10-K for 2025 | 29,591 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryCompany recorded restructuring charges, mainly cash charges for employee terminations, to adjust its cost base to reduced demand in certain businesses and geographies.
Word for word“In 2024, we recorded $11.6 million of restructuring charges, consisting primarily of cash charges related to employee terminations (2023 — $11.2 million; 2022 — $8.4 million).” 10-K for 2024
Our summaryCompany reported a restructuring provision balance at year end, recorded in current provisions.
Word for word“Our restructuring provision at December 31, 2024 was $2.9 million (December 31, 2023 — $3.6 million ), which we recorded in the current portion of provisions on our consolidated balance sheet.” 10-K for 2024
Our summaryCompany reported total restructuring and other charges, net of recoveries, for the year, including transition costs and acquisition costs.
Word for word“Restructuring and other charges, net of recoveries 14 19.4 12.1 6.7 Earnings from operations 599.3 338.3 289.3 Finance costs 52.1 78.9 51.7 Miscellaneous expense (income) 15 15.0 ( 46.6 ) ( 1.5 ) Earnings before income taxes 532.2 306.0 239.1 Income tax expense (recovery) 18 Current 136.1 65.2 86.9 Deferred ( 31.9 ) ( 3.6 ) ( 27.9 ) 104.2 61.6 59.0 Net earnings $ 428.0 $ 244.4 $ 180.1 Earnings per share: Basic $ 3.62 $ 2.03 $ 1.46 Diluted $ 3.61 $ 2.03 $ 1.46 Weighted-average shares used in computing per share amounts (in millions) Basic 20 118.1 120.1 123.5 Diluted 20 118.7 120.3 123.6 The accompanying notes are an integral part of these consolidated financial statements. F-6 CELESTICA INC.” 10-K for 2024
Our summaryThe company recorded restructuring charges in 2025, mainly cash costs for employee terminations plus accelerated depreciation of equipment for disengaging programs, to adjust its cost base for reduced demand.
Word for word“In 2025, we recorded $25.0 million of restructuring charges (2024 — $11.6 million; 2023 — $11.2 million).” 10-K for 2025
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2022-12-31 | $8.4 million | — |
| 2023-12-31 | $11.2 million | $11.8 million |
| 2024-12-31 | $11.6 million | $11.2 million |
| 2025-12-31 | $25 million | $17.2 million |
Celestica 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 Celestica’s annual reports (10-K for 2025, 10-K for 2024, 20-F for 2023) and the financial data it files with the SEC, as of 2026-02-27. 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.