FMC layoffs, on the record
Every job cut, severance charge and restructuring FMC reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 6,600 to approximately 5,500.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 6,600 | December 31, 2023 |
| 10-K for 2024 | approximately 5,700 | as of December 31, 2024 |
| 10-K for 2025 | approximately 5,500 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryThe Board authorized a global restructuring plan called Project Focus to right-size the cost base and optimize the footprint and organization.
Word for word“Restructuring – On December 15, 2023, the Board of Directors authorized management to proceed with a global restructuring plan which is referred to as “Project Focus.”” 10-K for 2023
Our summaryThe company recorded severance and employee separation costs tied to Project Focus in 2023.
Word for word“2023 Restructuring and other charges (income) includes $40.1 million of severance and employee separation costs and $5.4 million of provider costs associated with the Project Focus restructuring initiative.” 10-K for 2023
Our summaryThe company expects total Project Focus pre-tax restructuring charges, including severance and related benefit costs of $85 to $100 million.
Word for word“In connection with Project Focus, the Company expects to incur pre-tax restructuring charges in the range of approximately $180 to $215 million, inclusive of charges incurred during 2023.” 10-K for 2023
Our summaryThe company recorded other restructuring costs for employee separation and asset impairment under various ongoing initiatives, partly offset by a land disposition gain.
Word for word“Other restructuring costs of $8.7 million relate to employee separation and asset impairment costs incurred as part of various ongoing initiatives.” 10-K for 2023
Our summaryThe company recorded severance and employee separation costs under various restructuring initiatives in 2022.
Word for word“Restructuring and other charges (income) is also comprised of charges of $5.9 million of severance and employee separation costs, $11.2 million related to fixed asset charges, and $7.3 million of other restructuring related charges incurred as part of various restructuring initiatives disclosed in previous periods.” 10-K for 2023
Our summaryInitiated a global restructuring plan called Project Focus to right-size the cost base and optimize footprint and organizational structure.
Word for word“In response to the unprecedented downturn in the global crop protection market during 2023, we initiated a global restructuring plan, referred to as "Project Focus," in November 2023 designed to right-size our cost base and optimize our footprint and organizational structure with a focus on driving significant cost improvement and productivity.” 10-K for 2024
Our summaryRecorded severance and employee separation charges under Project Focus, including costs tied to the CEO transition.
Word for word“Charges incurred in connection with Project Focus also consist of $55.8 million in severance and employee separation charges, including costs associated with the CEO transition, $31.0 million of professional service provider costs and other miscellaneous charges associated with the project, accelerated depreciation of $20.5 million on assets identified for disposal in connection with the restructuring initiative, and $13.2 million of asset impairment charges.” 10-K for 2024
Our summaryExpects total Project Focus pre-tax restructuring charges with a severance and related benefit cost component, expected to finish by end of 2025.
Word for word“The estimate for total Project Focus charges, which is subject to future changes, includes severance and related benefit costs in the range of $90 to $100 million, asset write-off and contract abandonment charges of approximately $250 to $270 million, and other costs of $35 to $55 million.” 10-K for 2024
Our summaryRecorded contract abandonment and non-cash asset write-off charges tied to exiting supply agreements as part of Project Focus.
Word for word“For the year ended December 31, 2024, we incurred $132.1 million of contract abandonment charges as a result of the continued evaluation of our supply chain footprint during the fourth quarter of 2024 and $53.3 million of non-cash asset write off charges resulting from the contract cessation with one of our third-party manufacturers during the second quarter of 2024.” 10-K for 2024
Our summaryThe Board approved Project Foundation, a comprehensive restructuring plan to cut costs and exit certain high-cost plants, moving production to lower-cost sources.
Word for word“In December 2025, the Board of Directors approved management’s comprehensive plan, referred to as Project Foundation, to further optimize FMC’s cost structure and organizational operations.” 10-K for 2025
Our summaryThe company recorded non-cash asset write-offs, accelerated depreciation, other charges and severance costs under Project Foundation.
Word for word“During the twelve months ended December 31, 2025, we incurred non-cash asset write-off and accelerated depreciation costs of $155.7 million primarily associated with the planned exit of certain production activities, other miscellaneous charges, including professional service provider costs, of $14.5 million and severance and employee separation costs of $1.8 million in connection with Project Foundation.” 10-K for 2025
Our summaryFMC reported that its 2024 restructuring efforts produced cost savings and that it launched Project Foundation in 2025 to optimize its manufacturing footprint.
Word for word“FMC’s 2024 restructuring efforts generated $165 million in cost benefits.” 10-K for 2025
| Fiscal year ended | Severance costs | Restructuring charges | Cash paid for restructuring |
|---|---|---|---|
| 2016-12-31 | $18.6 million | $43.4 million | $26.4 million |
| 2017-12-31 | $0 | $8.5 million | $17.8 million |
| 2018-12-31 | $22 million | $124.1 million | $25.2 million |
| 2019-12-31 | $10.8 million | $62.2 million | $18.6 million |
| 2020-12-31 | $12 million | $42.6 million | $14.3 million |
| 2021-12-31 | $12.7 million | $41.1 million | $24.3 million |
| 2022-12-31 | $5.9 million | −$26.1 million | $18.2 million |
| 2023-12-31 | $47 million | $48.4 million | $15.9 million |
| 2024-12-31 | $55.8 million | $303 million | $109.2 million |
| 2025-12-31 | $26.8 million | $271.5 million | $103.7 million |
FMC filed 3 restructuring notices (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from FMC’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.