Gates Industrial layoffs, on the record
Every job cut, severance charge and restructuring Gates Industrial reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 14,700 to approximately 13,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 14,700 | December 30, 2023 |
| 10-K for 2024 | approximately 14,100 | December 28, 2024 |
| 10-K for 2025 | approximately 13,000 | December 31, 2025 |
Job cuts, severance and restructuring
None of Gates Industrial’s annual reports for 2023 to 2025 describes a layoff, workforce reduction or restructuring.
| Fiscal year ended | Severance costs | Restructuring charges | Cash paid for restructuring |
|---|---|---|---|
| 2016-12-31 | $0 | $11.4 million | $8.6 million |
| 2017-12-30 | $0 | $19.6 million | $10.5 million |
| 2018-12-29 | $1.7 million | $7.3 million | $13.5 million |
| 2019-12-28 | — | $7.9 million | $5.7 million |
| 2021-01-02 | — | $43.9 million | $23.4 million |
| 2022-01-01 | — | $9.4 million | $18 million |
| 2022-12-31 | — | $9.5 million | $8.1 million |
| 2023-12-30 | — | $11.6 million | $14.1 million |
| 2024-12-28 | — | $6.5 million | $8.7 million |
| 2025-12-31 | — | $26.3 million | $13.2 million |
Gates Industrial 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 Gates Industrial’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 2026-02-12. 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.