Colgate Palmolive layoffs, on the record
Every job cut, severance charge and restructuring Colgate Palmolive reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 34,000 to approximately 33,600.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 34,000 | December 31, 2023 |
| 10-K for 2024 | approximately 34,000 | As of December 31, 2024 |
| 10-K for 2025 | approximately 33,600 | As of December 31, 2025 |
Job cuts, severance and restructuring
Our summaryBoard approved the 2022 Global Productivity Initiative, a restructuring program to reallocate resources, drive efficiencies and streamline the supply chain; employee-related costs include severance and other termination benefits.
Word for word“On January 27, 2022, the Board approved the 2022 Global Productivity Initiative.” 10-K for 2023
Our summaryCompany reported total pretax charges for the 2022 Global Productivity Initiative, with employee-related costs including severance making up 80% of the total.
Word for word“Over the course of the 2022 Global Productivity Initiative, the Company incurred total pretax charges of $ 228 ($ 186 aftertax) in connection with the implementation of various projects as follows: Total Program Charges as of December 31, 2024 Employee-Related Costs $ 175 Incremental Depreciation 13 Asset Impairments 1 Other 39 Total $ 228.” 10-K for 2024
Our summaryCompany recorded 2024 restructuring charges under the program, with employee-related costs of $49 and a restructuring accrual balance of $44 at year end.
Word for word“Charges 49 13 — 23 85 Cash Payments (20) — — (14) (34) Charges against assets — (13) — — (13) Foreign exchange (5) — — — (5) Balance at December 31, 2024 $ 34 $ — $ — $ 10 $ 44.” 10-K for 2024
Our summaryThe Board approved the Strategic Growth and Productivity Program to realign the organization, optimize the supply chain and reduce overhead costs.
Word for word“On July 31, 2025, the Board approved the Strategic Growth and Productivity Program.” 10-K for 2025
Our summaryThe company estimates total pretax charges for the Strategic Growth and Productivity Program, once all initiatives are approved and implemented, of $200 to $300 million, mostly employee-related costs including severance.
Word for word“The Strategic Growth and Productivity Program is estimated to result in cumulative pre-tax charges, once all initiatives are approved and implemented, totaling between $200 and $300, which is currently estimated to be comprised of the following: employee-related costs, including severance and other termination benefits (65% to 75%) and asset-related costs and other charges (25% to 35%), which include accelerated depreciation, asset write-downs, contract termination and other exit costs.” 10-K for 2025
Our summaryThe company recorded pretax charges for the Strategic Growth and Productivity Program in 2025 (about $6 million employee-related).
Word for word“The Company has incurred pretax charges of $13 ($11 aftertax) in connection with the implementation of various projects as follows: Twelve months ended December 31, 2025 Employee-Related Costs $ 6 Asset-Related Costs and Other 7 Total 13 The following table summarizes the activity for the restructuring accrual: Twelve months ended December 31, 2025 Employee-Related Costs Asset-Related Costs and Other Total Balance at December 31, 2024 $ — $ — $ — Charges 6 7 13 Cash Payments — (3) (3) Balance at December 31, 2025 $ 6 $ 4 $ 10 2022 Global Productivity Initiative The Company’s prior targeted productivity program, the 2022 Global Productivity Initiative, concluded on December 31, 2024 and resulted in the reallocation of resources towards the Company’s strategic priorities and faster growth businesses, efficiencies in the Company’s operations and the streamlining of its supply chain to reduce structural costs.” 10-K for 2025
Our summaryThe prior 2022 Global Productivity Initiative restructuring program concluded, with total pretax charges of $228 million over its life.
Word for word“Over the course of the 2022 Global Productivity Initiative, the Company incurred total pretax charges of $228 ($186 aftertax).” 10-K for 2025
| Fiscal year ended | Restructuring costs incurred |
|---|---|
| 2016-12-31 | $93 million |
| 2017-12-31 | $152 million |
| 2018-12-31 | $88 million |
| 2019-12-31 | $57 million |
| 2020-12-31 | −$13 million |
| 2021-12-31 | $0 |
| 2022-12-31 | $0 |
| 2023-12-31 | $1 million |
| 2024-12-31 | $20 million |
Colgate Palmolive filed 6 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 Colgate Palmolive’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 2026-02-23. 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.