Daqo New Energy layoffs, on the record
Every job cut, severance charge and restructuring Daqo New Energy reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 5,765 to 3,842.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 20-F for 2023 | 5,765 | December 31, 2023 |
| 20-F for 2024 | 4,749 | December 31, 2024 |
| 20-F for 2025 | 3,842 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryThe company decided to discontinue its wafer manufacturing operations in Chongqing because of difficult market conditions.
Word for word“In September 2018, we made a strategic decision to discontinue our wafer manufacturing operations in Chongqing in response to the increasingly challenging market conditions.” 20-F for 2023
| Fiscal year ended | Restructuring charges |
|---|---|
| 2017-12-31 | $3 million |
Daqo New Energy 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 Daqo New Energy’s annual reports (20-F for 2025, 20-F for 2024, 20-F for 2023) and the financial data it files with the SEC, as of 2026-04-20. 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.