Cognex layoffs, on the record
Every job cut, severance charge and restructuring Cognex reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 2,992 to 2,745.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 2,992 | December 31, 2023 |
| 10-K for 2024 | 2,914 | December 31, 2024 |
| 10-K for 2025 | 2,745 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryCognex performed restructuring activities after acquiring SAC Sirius Advanced Cybernetics GmbH, including a workforce reduction of 18 employees, recording restructuring charges.
Word for word“The restructuring activities included a workforce reduction of 18 employees and the termination of certain operating lease contracts, and resulted in charges of $ 1,657,000 in 2022.” 10-K for 2023
Our summaryThe filing shows restructuring charges of 1,657 thousand dollars in 2022 with none recorded in 2024 or 2023; no 2024 layoff or severance program is described.
Word for word“Restructuring charges — — 1,657 Operating income 115,065 130,702 246,229 Foreign currency gain (loss) 1,531 ( 10,039 ) ( 1,837 ) Investment income 13,971 14,093 6,715 Other income (expense) 922 592 ( 412 ) Income before income tax expense 131,489 135,348 250,695 Income tax expense 25,318 22,114 35,170 Net income $ 106,171 $ 113,234 $ 215,525 Net Income per weighted-average common and common-equivalent share: Basic $ 0.62 $ 0.66 $ 1.24 Diluted $ 0.62 $ 0.65 $ 1.23 Weighted-average common and common-equivalent shares outstanding: Basic 171,438 172,249 173,407 Diluted 172,611 173,399 174,869 Cash dividends per common share $ 0.305 $ 0.286 $ 0.265 The accompanying notes are an integral part of these consolidated financial statements.” 10-K for 2024
| Fiscal year ended | Restructuring charges |
|---|---|
| 2018-12-31 | $0 |
| 2019-12-31 | $0 |
| 2020-12-31 | $15.9 million |
| 2021-12-31 | $0 |
| 2022-12-31 | $1.7 million |
| 2023-12-31 | $0 |
| 2024-12-31 | $0 |
Cognex filed 2 restructuring notices (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 Cognex’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-12. 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.