Coherent layoffs, on the record
Every job cut, severance charge and restructuring Coherent reported in its annual reports, 2024 to 2026, quoted from the filings. Headcount went from approximately 26,000 to approximately 51,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2024 | approximately 26,000 | June 30, 2024 |
| 10-K for 2025 | approximately 30,000 | June 30, 2025 |
| 10-K for 2026 | approximately 51,000 | June 30, 2026 |
Job cuts, severance and restructuring
Our summaryBoard approved the May 2023 Restructuring Plan covering site consolidations, facility movements and closures, and relocation of manufacturing facilities, with an expected reduction in force.
Word for word“As a result of the Restructuring Plan, we expect to incur approximately $175 million to $200 million of pre-tax charges in the fiscal years 2023 to 2025 primarily as a result of the reduction in force and facility consolidations related to the closure and relocation of sites.” 10-K for 2024
Our summaryIn fiscal 2024 the May 2023 Restructuring Plan resulted in charges, mainly for accelerated depreciation, write-off of property and equipment, and site move costs.
Word for word“In fiscal 2024, these activities resulted in charges of $27 million, primarily for accelerated depreciation, the write-off of property and equipment, and site move costs.” 10-K for 2024
Our summaryIn fiscal 2023 the restructuring activities resulted in charges mainly for employee termination costs and write-off of property and equipment, net of reimbursement arrangements.
Word for word“In fiscal 2023, these activities resulted in $119 million of charges primarily for employee termination costs, and the write-off of property and equipment, net of $65 million from reimbursement arrangements.” 10-K for 2024
Our summaryCompany expects the restructuring actions to be substantially completed by the end of fiscal 2025.
Word for word“We expect the restructuring actions to be substantially completed by the end of fiscal 2025.” 10-K for 2024
Our summaryOn May 20, 2023 the Company announced it had accelerated some actions in its multi-year synergy and site consolidation efforts, including site consolidations and relocations to lower cost sites.
Word for word“On May 20, 2023, the Company announced that it had accelerated some of the actions planned as part of its multi-year synergy and site consolidation efforts following the acquisition of Coherent, Inc., including site consolidations and relocations to lower cost sites.” 10-K for 2024
Our summaryIn May 2023 the board approved the 2023 Plan of site consolidations, facility moves and closures, and relocation of manufacturing facilities; about $200 million of pre-tax charges were incurred in fiscal 2023 to 2025, mainly from reductions in force and facility consolidations.
Word for word“As a result of the 2023 Plan, we have incurred approximately $200 million of pre-tax charges in fiscal years 2023 to 2025 primarily as a result of the reduction in force and facility consolidations related to the closure and relocation of sites.” 10-K for 2025
Our summaryUnder the 2023 Plan, fiscal 2025 activities produced charges mainly for impairment tied to the sale of the Newton Aycliffe business, ROU asset impairment, employee termination costs, site move costs and accelerated depreciation.
Word for word“In fiscal 2025, these activities resulted in charges of $53 million, primarily for impairment losses associated with the sale of our Newton Aycliffe business, impairment of right-of-use (“ROU”) assets, employee termination costs, site move costs and accelerated depreciation.” 10-K for 2025
Our summaryManagement approved a 2025 Plan of restructuring actions including site consolidations, facility moves and closures, workforce reductions, contract terminations and other cost reductions.
Word for word“In fiscal 2025, these activities resulted in $107 million of charges primarily for the write-off of property and equipment and ROU assets, employee and contract termination costs.” 10-K for 2025
Our summaryThe company expects the 2025 Plan restructuring actions to be substantially completed by the end of fiscal 2026.
Word for word“We expect the restructuring actions to be substantially completed by the 35 end of fiscal 2026.” 10-K for 2025
Our summaryTotal restructuring charges for fiscal 2025 were recorded, consisting mainly of asset write-offs, employee termination costs, move costs, contract termination costs and accelerated depreciation from site consolidation and closures, plus impairment tied to the Newton Aycliffe sale.
Word for word“Restructuring charges for the year ended June 30, 2025 were $160 million, or 3% of revenues.” 10-K for 2025
Our summaryRestructuring charges for fiscal 2023 under the 2023 Plan consisted of severance and equipment write-offs, net of reimbursements, from consolidating manufacturing sites.
Word for word“Restructuring charges related to our 2023 Plan for the year ended June 30, 2023 were $119 million, or 2% of revenues, and consisted of severance and equipment write-offs, net of reimbursements, due to the consolidation of certain manufacturing sites.” 10-K for 2025
Our summaryThe company approved a restructuring plan in 2023 covering site consolidations, facility moves and closures, and relocation and requalification of manufacturing facilities.
Word for word“On May 23, 2023, the Board of Directors approved the 2023 Plan which includes site consolidations, facilities moves and closures, as well as the relocation and requalification of certain manufacturing facilities.” 10-K for 2026
Our summaryThe company recorded small net charges in fiscal 2026 under the 2023 Plan, mainly for site move costs offset by adjustments to employee termination costs.
Word for word“In fiscal 2026, these activities resulted in net charges of $1 million, primarily for site move costs partially offset by adjustments to employee termination costs.” 10-K for 2026
Our summaryManagement approved the 2025 Plan, which includes site consolidations, closures, workforce reductions and contract terminations.
Word for word“Commencing in the quarter ended March 31, 2025, and as part of the ongoing strategic review of the Company’s business, the Company’s management approved the 2025 Plan to take a number of restructuring actions, including site consolidations, facilities moves and closures, workforce reductions, contract terminations, and certain other associated cost reductions.” 10-K for 2026
Our summaryThe 2025 Plan produced net charges in fiscal 2026, mainly property write-offs, employee termination and site closure costs.
Word for word“In fiscal 2026, these activities resulted in $62 million of net charges primarily related to write-off of property and equipment, employee termination and site closure costs.” 10-K for 2026
Our summaryThe 2025 Plan produced net charges in fiscal 2025, mainly asset write-offs and employee and contract termination costs.
Word for word“In fiscal 2025, these activities resulted in $107 million of net charges primarily for the write-off of property and equipment and ROU assets, employee and contract termination costs.” 10-K for 2026
Our summaryThe company said the restructuring plans have cost about $370 million in pre-tax charges over fiscal 2023 to 2026, mainly from workforce reduction and facility consolidation.
Word for word“As a result of the Restructuring Plans, we have incurred approximately $370 million of pre-tax charges in fiscal years 2023 to 2026 primarily as a result of the reduction in force and facility consolidations related to the closure and relocation of sites.” 10-K for 2026
| Fiscal year ended | Restructuring charges |
|---|---|
| 2021-06-30 | $0 |
| 2022-06-30 | $0 |
| 2023-06-30 | $119.1 million |
| 2024-06-30 | $27.1 million |
| 2025-06-30 | $160.1 million |
Coherent 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 Coherent’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 2026-08-14. 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.