Eaton layoffs, on the record
Every job cut, severance charge and restructuring Eaton reported in its annual reports, 2023 to 2025, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2025 | approximately 97,000 | — |
Job cuts, severance and restructuring
Our summaryEaton ran a multi-year restructuring program that began in 2020, with workforce reductions and plant closing costs. It was substantially complete at the end of 2023.
Word for word“Since the inception of the program, the Company incurred expenses of $ 199 million for workforce reductions and $ 184 million for plant closing and other costs, resulting in total charges of $ 382 million through December 31, 2023.” 10-K for 2025
| Fiscal year ended | Severance costs | Restructuring charges | Cash paid for restructuring |
|---|---|---|---|
| 2016-12-31 | $177 million | $211 million | $129 million |
| 2017-12-31 | $57 million | $116 million | $141 million |
| 2018-12-31 | — | $0 | $40 million |
| 2019-12-31 | — | $0 | — |
| 2020-12-31 | — | $214 million | — |
| 2021-12-31 | — | $78 million | — |
| 2022-12-31 | — | $33 million | — |
| 2023-12-31 | — | $57 million | — |
| 2024-12-31 | — | $202 million | — |
| 2025-12-31 | — | $133 million | — |
Eaton 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 Eaton’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.