Crane layoffs, on the record
Every job cut, severance charge and restructuring Crane reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 7,300 to approximately 7,100.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 7,300 | December 31, 2023 |
| 10-K for 2024 | approximately 7,300 | At December 31, 2024 |
| 10-K for 2025 | approximately 7,100 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryThe filing says there were no new restructuring programs in 2023.
Word for word“There were no new restructuring programs in 2023.” 10-K for 2023
Our summaryThe company recorded net pre-tax restructuring and related charges tied to modest cost reduction efforts across its businesses.
Word for word“In 2022, we recorded net pre-tax restructuring and related charges of $8.7 million primarily related to modest cost reduction efforts across our businesses in response to continued macroeconomic uncertainty.” 10-K for 2023
Our summaryThe company recorded a net pre-tax restructuring gain, mainly from a gain on the sale of real estate.
Word for word“In 2021, we recorded total pre-tax restructuring and related gains of $5.9 million primarily related to a gain on the sale of real estate.” 10-K for 2023
Our summaryThe company states that from time to time it executes restructuring activities that include workforce reductions and facility consolidations.
Word for word“In order to operate more efficiently and control costs, from time to time we execute restructuring activities, which include workforce reductions and facility consolidations.” 10-K for 2023
Our summaryThe filing reports restructuring-related costs in 2022 with increased net restructuring costs in selling, general and administrative expenses.
Word for word“The increase was driven primarily by increased costs of $65.3 million, or 14.0%, including transaction related expenses of $40.1 million, or 8.6%, primarily related to sale of Crane Supply, asbestos divestiture and the planned Separation, increased net restructuring costs of $12.7 million, or 2.7%, partially offset by favorable” 10-K for 2023
Our summaryCrane initiated modest workforce reductions of about 160 employees, about 2% of its global workforce, in response to economic uncertainty.
Word for word“In the fourth quarter of 2022, in response to economic uncertainty, we initiated modest workforce reductions of approximately 160 employees, or about 2 % of our global workforce.” 10-K for 2024
Our summaryCrane took 2019 actions to consolidate two European manufacturing operations, cutting about 180 employees, and completed the program in the first quarter of 2024.
Word for word“In the fourth quarter of 2019, we initiated actions to consolidate two manufacturing operations in Europe within our Process Flow Technologies segment.” 10-K for 2024
Our summaryCrane recorded net pre-tax restructuring and related charges primarily for modest cost reduction efforts across its businesses; the filing states there were no new restructuring programs in 2024 and 2023.
Word for word“In 2022, we recorded net pre-tax restructuring and related charges of $8.2 million primarily related to modest cost reduction efforts across our businesses in response to continued macroeconomic uncertainty.” 10-K for 2024
| Fiscal year ended | Restructuring charges |
|---|---|
| 2021-12-31 | −$13.2 million |
| 2022-12-31 | $4.2 million |
| 2023-12-31 | $600,000 |
Crane 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 Crane’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 2026-02-26. 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.