Delek US Holdings layoffs, on the record
Every job cut, severance charge and restructuring Delek US Holdings reported in its annual reports, 2023 to 2025, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 3,591 | As of December 31, 2023 |
| 10-K for 2024 | 1,987 | December 31, 2024 |
| 10-K for 2025 | 1,902 full-time employees | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryDelek initiated a cost optimization plan to improve efficiencies and align its workforce with strategic activities and operations; restructuring costs in 2023 included consulting fees and severance costs of $13.5 million.
Word for word“During the fiscal year 2022, we initiated a cost optimization plan to improve efficiencies and align our workforce with strategic activities and operations.” 10-K for 2023
Our summaryDelek determined in the fourth quarter of 2023 that leased crude oil tanks in Canada were not needed, and recorded a right-of-use asset impairment on them as part of its restructuring.
Word for word“During the fourth quarter of 2023, Delek determined that leased crude oil tanks in Canada were not needed to support the future growth of its business.” 10-K for 2023
Our summaryCompany recorded a $22.1 million impairment of property, plant and equipment and right of use assets, and $0.4 million of severance and benefit expenses, in connection with an evaluation of impairment.
Word for word“As a result, we conducted an evaluation of impairment and based on our review we recorded a $ 22.1 million impairment which included property, plant and equipment and right of use assets.” 10-K for 2024
Our summaryGeneral and administrative expenses rose in 2025 mainly because restructuring costs increased, while lower employee costs partly offset the rise.
Word for word“The increase was primarily driven by increased restructuring costs of $59.6 million and incentive compensation of $14.0 million.” 10-K for 2025
| Fiscal year ended | Severance costs | Restructuring charges | Cash paid for restructuring |
|---|---|---|---|
| 2022-12-31 | $12.5 million | $12.5 million | — |
| 2023-12-31 | $13.5 million | $37.8 million | — |
| 2024-12-31 | $400,000 | $62.8 million | — |
| 2025-12-31 | — | $86.8 million | $34.1 million |
Delek US Holdings 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 Delek US Holdings’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.