Dover layoffs, on the record
Every job cut, severance charge and restructuring Dover reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from over 25,000 to approximately 24,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | over 25,000 | — |
| 10-K for 2024 | approximately 24,000 | December 31, 2024 |
| 10-K for 2025 | approximately 24,000 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryDover executed restructuring and other cost programs in 2023, with restructuring charges primarily tied to headcount reductions and exit costs in three segments.
Word for word“During the year ended December 31, 2023, we executed restructuring and other costs programs to further optimize operations.” 10-K for 2023
Our summaryRestructuring charges were primarily related to headcount reductions and exit costs in the Clean Energy & Fueling, Engineered Products and Pumps & Process Solutions segments, under programs started in 2022 and 2023.
Word for word“During the year ended December 31, 2023, restructuring charges of $50.4 million were primarily related to headcount reductions and exit costs in the Clean Energy & Fueling, Engineered Products and Pumps & Process Solutions segments.” 10-K for 2023
Our summaryRestructuring charges of $69.8 million in 2024, primarily for headcount reductions and product line and other exit costs in the Clean Energy & Fueling and Climate & Sustainability Technologies segments, with programs initiated in 2023 and 2024.
Word for word“During the year ended December 31, 2024, restructuring charges of $69.8 million were primarily related to headcount reductions and product line and other exit costs in the Clean Energy & Fueling and Climate & Sustainability Technologies segments.” 10-K for 2024
Our summaryTotal restructuring and other costs of $85.0 million in 2024, including restructuring charges and other costs of $15.2 million.
Word for word“Restructuring and other costs of $85.0 million included restructuring charges of $69.8 million and other costs of $15.2 million.” 10-K for 2024
Our summaryRestructuring charges of $49.9 million in 2023, primarily for headcount reductions and exit costs in the Clean Energy & Fueling, Engineered Products and Pumps & Process Solutions segments.
Word for word“During the year ended December 31, 2023, restructuring charges of $49.9 million were primarily related to headcount reductions and exit costs in the Clean Energy & Fueling, Engineered Products and Pumps & Process Solutions segments.” 10-K for 2024
Our summaryCompany said it may undertake further restructuring, including workforce reductions, in economic downturns and that additional programs may be implemented during 2025 with related restructuring charges.
Word for word“Additional programs beyond the scope of the announced programs may be implemented during 2025 with related restructuring charges.” 10-K for 2024
Our summaryDover recorded restructuring charges in 2025, mainly for exit costs and headcount reductions across all segments, most of all in Climate & Sustainability Technologies and Clean Energy & Fueling.
Word for word“During the year ended December 31, 2025, restructuring charges of $56.7 million were primarily related to exit costs and headcount reductions across all segments, most notably within the Climate & Sustainability Technologies and Clean Energy & Fueling segments.” 10-K for 2025
Our summaryDover said it may put additional restructuring programs in place in 2026 beyond those already announced.
Word for word“Additional programs, beyond the scope of the announced programs, may be implemented during 2026 with related restructuring charges.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Restructuring costs incurred | Cash paid for restructuring |
|---|---|---|---|
| 2016-12-31 | $25 million | $25 million | $22.2 million |
| 2017-12-31 | $52.3 million | $52.3 million | $22.6 million |
| 2018-12-31 | $58.5 million | $58.5 million | $52 million |
| 2019-12-31 | $26.8 million | $26.8 million | $33.3 million |
| 2020-12-31 | $44.5 million | $44.5 million | $35.8 million |
| 2021-12-31 | $26.7 million | $26.7 million | $17.1 million |
| 2022-12-31 | $30.5 million | — | $22 million |
| 2023-12-31 | $49.9 million | — | $41 million |
| 2024-12-31 | $69.8 million | — | $44 million |
| 2025-12-31 | $56.7 million | — | $43.9 million |
Dover 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 Dover’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 2026-02-13. 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.