Centuri Holdings layoffs, on the record
Every job cut, severance charge and restructuring Centuri Holdings reported in its annual reports, 2024 to 2025, quoted from the filings. Headcount went from 8,687 to 9,687.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2024 | 8,687 | December 29, 2024 |
| 10-K for 2025 | 9,687 | December 28, 2025 |
Job cuts, severance and restructuring
Our summaryThe company recorded severance costs as a non-GAAP adjustment, stating they relate to non-recurring restructuring activities.
Word for word“Severance costs 8,028 4,028 4,199 Securitization facility transaction fees 1,393 — — CEO transition costs 2,060 — — Goodwill impairment — 213,992 177,086 Adjusted EBITDA $ 238,226 $ 291,182 $ 237,826 Adjusted EBITDA Margin (% of revenue) 9.0 % 10.0 % 8.6 %” 10-K for 2024
Our summaryThe company restructured its operations, including a reorganization in the first quarter of fiscal 2024 that moved the Riggs Distler reporting unit into the Union Electric reporting unit.
Word for word“As part of the reorganization in the first quarter of fiscal 2024, the Riggs Distler reporting unit which had previously been subject to goodwill impairment became a part of the Union Electric reporting unit.” 10-K for 2024
Our summaryRestructuring activities earlier in fiscal 2024 produced cost savings, and severance was paid as part of these restructuring activities, which partly offset the reduction in SG&A costs.
Word for word“As a percentage of revenue, gross profit increased to 8.4% in the fiscal year ended December 29, 2024 as compared to 6.9% in the prior year due to improved profitability on certain MSA contracts and in part from cost savings realized due to restructuring activities which occurred earlier in fiscal 2024.” 10-K for 2024
Our summaryThe company paid severance in 2024 that was recorded in selling, general and administrative costs and did not recur in 2025.
Word for word“The prior year period also included $5.7 million in severance paid in 2024 that was recorded within selling, general and administrative costs that did not recur in the current year.” 10-K for 2025
Centuri Holdings 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 Centuri Holdings’s annual reports (10-K for 2025, 10-K for 2024) and the financial data it files with the SEC, as of 2026-02-26. 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.