Esab layoffs, on the record
Every job cut, severance charge and restructuring Esab reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 9,000 to approximately 10,300.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 9,000 | December 31, 2023 |
| 10-K for 2024 | approximately 9,300 | As of December 31, 2024 |
| 10-K for 2025 | approximately 10,300 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryThe filing reports restructuring and other related charges, including severance and other termination benefits, in its Adjusted EBITDA reconciliation for 2023 of $24.1 million total ($6.5 million Americas, $17.6 million EMEA & APAC).
Word for word“Adjusted to add: Restructuring and other related charges (2) 6.5 17.6 24.1 Acquisition-amortization and other related charges (3) 20.9 15.9 36.9 Depreciation and other amortization 14.8 21.2 36.0 Adjusted EBITDA (non-GAAP) $ 224.7 $ 276.4 $ 501.1 Adjusted EBITDA attributable to Russia (non-GAAP) (4) — 18.4 18.4 Core adjusted EBITDA (non-GAAP) $ 224.7 $ 258.0 $ 482.7 Adjusted EBITDA margin (non-GAAP) 18.5 % 17.7 % 18.1 % Core adjusted EBITDA margin (non-GAAP) (5) 18.5 % 18.4 % 18.4 %” 10-K for 2023
Our summaryThe filing describes footnote detail that restructuring charges include severance and other termination benefits tied to closing and optimizing facilities and product lines.
Word for word“(2) Includes severance and other termination benefits, including outplacement services as well as the cost of relocating associates, relocating equipment, lease termination expense, impairment of long-lived assets and other costs in connection with the closure and optimization of facilities and product lines .” 10-K for 2023
Our summaryThe filing reports restructuring and other related charges in its 2022 Adjusted EBITDA reconciliation, totaling $23.1 million (Americas $11.4 million, EMEA & APAC $11.7 million).
Word for word“Adjusted to add (deduct): Restructuring and other related charges (2) 11.4 11.7 23.1 Separation costs (3)(4) 7.5 8.1 15.5 Acquisition-amortization and other related charges (5) 20.1 14.1 34.2 Depreciation and other amortization 13.4 21.5 34.9 Adjusted EBITDA (non-GAAP) $ 188.6 $ 248.2 $ 436.8 Adjusted EBITDA attributable to Russia (non-GAAP) — 28.4 28.4 Core adjusted EBITDA (non-GAAP) $ 188.6 $ 219.8 $ 408.4 Adjusted EBITDA margin (non-GAAP) 16.7 % 16.9 % 16.8 % Core adjusted EBITDA margin (non-GAAP) (6) 16.7 % 16.9 % 16.8 %” 10-K for 2023
Our summaryThe company reported restructuring and other related charges of $10.2 million in 2024, covering severance, termination benefits and facility closure costs, within its Adjusted EBITDA reconciliation.
Word for word“Includes severance and other termination benefits, including outplacement services as well as the cost of relocating associates, relocating equipment, lease termination expenses, impairment of long-lived assets and other costs in connection with the closure and optimization of facilities and product lines.” 10-K for 2024
Our summaryThe company reported restructuring and other related charges of $24.1 million in 2023, including severance and facility closure costs.
Word for word“Includes severance and other termination benefits, including outplacement services, as well as the cost of relocating associates, relocating equipment, lease termination expenses, impairment of long-lived assets and other costs in connection with the closure and optimization of facilities and product lines.” 10-K for 2024
Our summaryThe company recorded Americas segment restructuring charges of $3.0 million in 2024, down from $6.5 million in 2023.
Word for word“Items excluded from Adjusted EBITDA: Restructuring and other related charges $ 3.0 $ 6.5 Acquisition - amortization and other related charges 18.6 20.9 Depreciation and other amortization $ 14.5 $ 14.8 Net sales in our Americas segment decreased by $38.3 million during 2024 compared to 2023.” 10-K for 2024
Our summaryThe company recorded EMEA & APAC segment restructuring charges of $7.2 million in 2024, down from $17.6 million in 2023.
Word for word“Items excluded from Adjusted EBITDA: Restructuring and other related charges $ 7.2 $ 17.6 Acquisition - amortization and other related charges 15.9 15.9 Depreciation and other amortization 22.2 21.2 Items excluded from Core adjusted EBITDA: Adjusted EBITDA attributable to Russia (non-GAAP) $ 18.1 $ 18.4 Net sales increased for our EMEA & APAC segment by $4.3 million during 2024 compared to 2023.” 10-K for 2024
Our summaryThe company stated that savings from its restructuring initiatives lowered selling, general and administrative expense in 2024.
Word for word“Selling, general and administrative expense decreased in comparison to 2023 primarily driven by savings from restructuring initiatives and favorable foreign currency impacts, partially offset by incremental costs from acquisitions and growth initiatives.” 10-K for 2024
Our summaryThe company recorded higher restructuring and other related charges in 2025 than in 2024, driven by initiatives to improve Americas margins and to integrate the EWM acquisition.
Word for word“Restructuring and other related charges increased $17.6 million during 2025 in comparison to 2024 primarily driven by strategic initiatives to improve margins in the Americas for future years and integrate the recent EWM acquisition.” 10-K for 2025
Our summaryThe Americas segment recorded higher restructuring and other related charges in 2025 than in 2024, driven by initiatives to improve margins.
Word for word“Restructuring and other related charges increased $8.6 million during 2025 in comparison to 2024 primarily driven by strategic initiatives to improve margins in the Americas for future years.” 10-K for 2025
| Fiscal year ended | Severance costs | Restructuring charges | Cash paid for restructuring |
|---|---|---|---|
| 2020-12-31 | $0 | $21.6 million | — |
| 2021-12-31 | $2.9 million | $19 million | $15.4 million |
| 2022-12-31 | $15.5 million | $23.1 million | $22.7 million |
| 2023-12-31 | $0 | $24.1 million | — |
| 2024-12-31 | $0 | $10.2 million | — |
| 2025-12-31 | — | $27.8 million | — |
Esab 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 Esab’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 2026-02-20. 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.