Cirrus Logic layoffs, on the record
Every job cut, severance charge and restructuring Cirrus Logic reported in its annual reports, 2024 to 2026, quoted from the filings. Headcount went from 1,625 to 1,668.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2024 | 1,625 | March 30, 2024 |
| 10-K for 2025 | 1,660 | March 29, 2025 |
| 10-K for 2026 | 1,668 | March 28, 2026 |
Job cuts, severance and restructuring
Our summaryAnnounced a workforce reduction of about 5 percent of its global employees, taken in response to market conditions and a delayed new product.
Word for word“On July 12, 2023, during the second quarter of fiscal year 2024, the Company announced a workforce reduction of approximately 5 % of its global employees.” 10-K for 2024
Our summaryRecorded a recovery of restructuring costs tied to settling certain lease obligations from the fiscal 2023 restructuring.
Word for word“In the third quarter of fiscal year 2024, a recovery of restructuring costs of $ 0.4 million was recorded for the settlement of certain lease obligations related to abandoned office space associated with the fiscal year 2023 restructuring event discussed below.” 10-K for 2024
Our summaryAbandoned or subleased office space at various properties worldwide to align real property leases with operating needs, as part of an operational efficiency restructuring.
Word for word“As a result, the Company recorded $ 10.6 million of restructuring charges, which consisted of $ 6.9 million of impairment of right-of-use lease assets and leasehold improvements, and $ 3.7 million of other related charges in fiscal year 2023.” 10-K for 2024
Our summaryCompany recorded net restructuring costs tied to a workforce reduction action taken in the second quarter of fiscal 2024.
Word for word“In fiscal year 2024, the Company recorded $2.0 million in net costs primarily related to a workforce reduction action taken in the second quarter of fiscal year 2024.” 10-K for 2025
| Fiscal year ended | Severance costs | Restructuring charges | Cash paid for restructuring |
|---|---|---|---|
| 2018-03-31 | — | $0 | — |
| 2019-03-30 | — | $0 | — |
| 2020-03-28 | $1.7 million | $21.9 million | — |
| 2021-03-27 | — | $352,000 | $1.2 million |
| 2022-03-26 | — | $0 | — |
| 2023-03-25 | — | $10.6 million | — |
| 2024-03-30 | — | $2 million | — |
| 2025-03-29 | — | $0 | — |
| 2026-03-28 | — | $0 | — |
Cirrus Logic filed 1 restructuring notice (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Cirrus Logic’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 2026-05-21. 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.