Fortune Brands Innovations layoffs, on the record
Every job cut, severance charge and restructuring Fortune Brands Innovations reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from more than 11,700 to approximately 10,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | more than 11,700 | December 30, 2023 |
| 10-K for 2024 | more than 11,000 | December 28, 2024 |
| 10-K for 2025 | approximately 10,000 | As of December 27, 2025 |
Job cuts, severance and restructuring
Our summaryRecorded restructuring and other charges in 2023, largely tied to the planned closure of a Security segment manufacturing facility and headcount actions across all segments.
Word for word“In 2023, financial results included: • restructuring and other charges of $54.2 million before tax ($41.3 million after tax), largely related to costs associated with the planned closure of a manufacturing facility within our Security segment and headcount actions across all segments; 25 • asset impairment charges of $33.5 million related to the impairment of two indefinite-lived tradenames within our Outdoors segment, which were primarily the result of a decline in forecasted sales;” 10-K for 2023
Our summaryRecorded restructuring charges in 2022 largely related to severance, asset impairment and other costs tied to plant closures and headcount actions across segments.
Word for word“In 2022, financial results included: • restructuring and other charges of $26.8 million before tax ($19.6 million after tax), largely related to severance, asset impairment and other costs associated with plant closures and headcount actions across all segments, net of a gain on the sale of a previously closed manufacturing facility within our Outdoors segment of approximately $6 million; and” 10-K for 2023
Our summaryRecorded restructuring charges in 2021 largely related to severance costs for relocating manufacturing facilities in the Outdoors segment.
Word for word“In 2021, financial results included: • restructuring and other charges of $12.8 million before tax ($10.0 million after tax), largely related to severance costs associated with the relocation of manufacturing facilities within the Outdoors segment.” 10-K for 2023
Our summaryRecorded restructuring and other charges in 2024 largely tied to a product-line rationalization in Outdoors, the closure of a Security manufacturing facility, and headcount actions across all segments.
Word for word“In 2024, financial results included: • restructuring and other charges of $41.3 million largely related to costs associated with a product line rationalization within our Outdoors segment, the previously announced closure of a manufacturing facility within our Security segment and headcount actions across all segments; and • the impact of foreign exchange primarily due to movement in the Canadian dollar, Mexican peso, British pound and Chinese yuan, which had an unfavorable impact compared to 2023 of approximately $7 million on net sales and approximately $2 million on both operating income and net income.” 10-K for 2024
Our summaryRecorded restructuring and other charges in 2023 largely tied to closure of a Security manufacturing facility and headcount actions across all segments.
Word for word“In 2023, financial results included: • restructuring and other charges of $54.2 million largely related to costs associated with the closure of a manufacturing facility within our Security segment and headcount actions across all segments; • asset impairment charges of $33.5 million related to the impairment of two indefinite-lived tradenames within our Outdoors segment, which were primarily the result of a decline in forecasted sales; • the impact of foreign exchange primarily due to movement in the Canadian dollar, Mexican peso, British pound and Chinese yuan, which had an unfavorable impact compared to 2022 of approximately $24 million on net sales and approximately $7.9 million on both operating income and net income; and • transaction expenses related to the acquisition of the Acquired Businesses of $19.7 million.” 10-K for 2024
Our summaryRecorded restructuring and other charges in 2022 for severance, asset impairment and other costs tied to plant closures and headcount actions across all segments.
Word for word“In 2022, financial results included: • restructuring and other charges of $26.8 million largely related to severance, asset impairment and other costs associated with plant closures and headcount actions across all segments, net of a gain on the sale of a previously closed manufacturing facility within our Outdoors segment of approximately $6 million; and • the impact of foreign exchange primarily due to movement in the Canadian dollar, Mexican peso, British pound and Chinese yuan, which had an unfavorable impact compared to 2021 of approximately $41 million on net sales and approximately $12 million on both operating income and net income.” 10-K for 2024
Our summaryReported restructuring charges in 2022 largely for severance tied to relocating Outdoors manufacturing facilities and headcount actions across all segments.
Word for word“Restructuring charges of $32.4 million in 2022 were largely related to severance costs associated with the relocation of manufacturing facilities in the Outdoors segment and headcount actions across all segments.” 10-K for 2024
Our summaryNoted that announced organizational and leadership changes will result in restructuring cash and non-cash charges and possible employee transition costs.
Word for word“We also recently announced certain organizational and leadership changes designed to drive accelerated growth.” 10-K for 2024
Our summaryThe company consolidated its U.S. regional offices into one campus headquarters, with related organizational and personnel changes, and expects severance and other charges, mostly incurred in 2025 with the rest in 2026.
Word for word“The majority of charges have been incurred in 2025 with the remaining charges expected to be incurred in 2026.” 10-K for 2025
Our summaryIn 2025 the company recorded restructuring charges mainly for the headquarters consolidation, organizational changes and plant closures in the Water and Outdoors segments.
Word for word“Restructuring charges of $52.4 million in 2025 are primarily due to $47.6 million of costs incurred in connection with our headquarters consolidation and our related organizational changes as well as plant closures in our Water and Outdoors segments.” 10-K for 2025
Our summaryIn 2024 the company recorded restructuring charges for a product-line rationalization, a Security plant closure and headcount reductions across all segments.
Word for word“Restructuring charges of $16.2 million in 2024 are largely related to a product-line rationalization within our Outdoors segment, the closure of a manufacturing facility within our Security segment and headcount-reduction actions across all segments.” 10-K for 2025
Our summaryIn 2023 the company recorded restructuring charges for closing a Security manufacturing facility and headcount actions across all segments.
Word for word“Restructuring charges of $32.5 million in 2023 are largely related to costs associated with the closure of the same manufacturing facility within our Security segment and headcount actions across all segments.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Restructuring costs incurred | Cash paid for restructuring |
|---|---|---|---|
| 2016-12-31 | $13.9 million | $19.3 million | $21.6 million |
| 2017-12-31 | $8.3 million | $18.5 million | $5.2 million |
| 2018-12-31 | $24.1 million | $35.4 million | $18.7 million |
| 2019-12-31 | $14.7 million | $22.2 million | $18 million |
| 2020-12-31 | $10.4 million | $14.3 million | $15.1 million |
| 2021-12-31 | $9.3 million | $12.8 million | $10.7 million |
| 2022-12-31 | $32.4 million | $26.8 million | $6.7 million |
| 2023-12-30 | $32.5 million | $54.2 million | $21.2 million |
| 2024-12-28 | $16.2 million | $41.3 million | $23.4 million |
| 2025-12-27 | $52.4 million | $109.1 million | $38.1 million |
Fortune Brands Innovations filed 1 restructuring notice (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 Fortune Brands Innovations’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 2026-02-23. 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.