Dana layoffs, on the record
Every job cut, severance charge and restructuring Dana reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 41,800 to approximately 26,900.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 41,800 | December 31, 2023 |
| 10-K for 2024 | approximately 39,600 | December 31, 2024 |
| 10-K for 2025 | approximately 26,900 | As of December 31, 2025 |
Job cuts, severance and restructuring
Our summaryDana reduced its workforce through restructuring actions, with accrued employee termination benefits covering costs to reduce about 300 employees.
Word for word“At December 31, 2023 , accrued employee termination benefits include costs to reduce approximately 300 employees to be completed over the next year.” 10-K for 2023
Our summaryDana recorded net restructuring charges in 2023 that were higher than in 2022.
Word for word“Net restructuring charges were $25 in 2023 and ($1) in 2022.” 10-K for 2023
Our summaryDana runs ongoing restructuring activities that include consolidating facilities, moving operations to lower cost locations, reducing overhead and headcount reduction initiatives.
Word for word“Our restructuring activities include rationalizing our operating footprint by consolidating facilities, positioning operations in lower cost locations and reducing overhead costs as well as headcount reduction initiatives to reduce operating costs.” 10-K for 2023
Our summaryAnnounced actions to consolidate certain manufacturing facilities and global headcount reductions focused on engineering and overhead costs, in response to market dynamics including delays in electric vehicle adoption.
Word for word“During 2024, we announced actions to consolidate certain manufacturing facilities along with global headcount reductions focused on reducing engineering and overhead costs in response to market dynamics, including delays in the adoption of electric vehicles.” 10-K for 2024
Our summaryAccrued employee termination benefits cover costs to reduce a number of employees to be completed over the next year.
Word for word“At December 31, 2024 , accrued employee termination benefits include costs to reduce approximately 1,3 00 employees to be completed over the next year.” 10-K for 2024
Our summaryNet restructuring charges recorded in 2024.
Word for word“Net restructuring charges were $76 in 2024 and $25 in 2023.” 10-K for 2024
Our summaryDana reported net restructuring charges for 2025 and 2024.
Word for word“Net restructuring charges were $23 in 2025 and $70 in 2024.” 10-K for 2025
Our summaryAccrued employee termination benefits at year end cover about 400 employees, with the reductions to be completed over the following year.
Word for word“At December 31, 2025 , accrued employee termination benefits include costs to reduce approximately 400 employees to be completed over the next year.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Restructuring costs incurred | Cash paid for restructuring |
|---|---|---|---|
| 2016-12-31 | $36 million | $36 million | $15 million |
| 2017-12-31 | $14 million | $14 million | $28 million |
| 2018-12-31 | $25 million | — | $21 million |
| 2019-12-31 | $29 million | — | $40 million |
| 2020-12-31 | $34 million | — | $19 million |
| 2021-12-31 | $0 | — | $18 million |
| 2022-12-31 | −$1 million | — | $8 million |
| 2023-12-31 | $23 million | — | $16 million |
| 2024-12-31 | $70 million | — | $32 million |
| 2025-12-31 | $23 million | — | $48 million |
Dana 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 Dana’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 2026-02-27. 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.