Elbit Systems layoffs, on the record
Every job cut, severance charge and restructuring Elbit Systems reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 18,984 to 20,537.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 20-F for 2023 | 18,984 | 2023 |
| 20-F for 2024 | 19,712 | 2024 |
| 20-F for 2025 | 20,537 | 2025 |
Job cuts, severance and restructuring
Our summaryCompany reported an expected write-off related to the restructuring and closing of an underperforming subsidiary with limited synergies to the Company.
Word for word“On March 5, 2024, the Company reported an expected write-off in the fourth quarter of 2023 of approximately $18 million related to the restructuring and closing of an underperforming subsidiary with limited synergies to the Company.” 20-F for 2023
Our summaryCompany recorded restructuring of a subsidiary's activities as a non-GAAP adjustment, covering inventory write-off tied to closing an underperforming subsidiary.
Word for word“Restructuring of a subsidiary's activities are non-recurring expenses related to the write-off of inventory due to the closing of an underperforming subsidiary with limited synergies to the Company.” 20-F for 2023
Our summaryCompany reported restructuring of a subsidiary's activities, tied to closing an underperforming subsidiary, with inventory write-off adjustments; no restructuring charge recorded for 2024.
Word for word“For the year ended December 31, 2023, we have included adjustments related to restructuring activities of a subsidiary .” 20-F for 2024
| Fiscal year ended | Severance costs |
|---|---|
| 2016-12-31 | $55.3 million |
| 2017-12-31 | $62.8 million |
| 2018-12-31 | $56.5 million |
| 2019-12-31 | $59.9 million |
| 2020-12-31 | $66.8 million |
| 2021-12-31 | $72.3 million |
| 2022-12-31 | $71.6 million |
| 2023-12-31 | $78.7 million |
| 2024-12-31 | $85.7 million |
| 2025-12-31 | $96.5 million |
Elbit Systems 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 Elbit Systems’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 2026-03-17. 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.