Griffon layoffs, on the record
Every job cut, severance charge and restructuring Griffon reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 5,700 to approximately 5,100.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 5,700 | As of September 30, 2023 |
| 10-K for 2024 | approximately 5,300 | As of September 30, 2024 |
| 10-K for 2025 | approximately 5,100 | As of September 30, 2025 |
Job cuts, severance and restructuring
Our summaryGriffon announced that its CPP segment will expand its global sourcing strategy to include long handled tools, material handling, and wood storage and organization product lines, moving these lines to an asset-light structure.
Word for word“On May 3, 2023, in response to changing market conditions, Griffon announced that its CPP segment will expand its global sourcing strategy to include long handled tools, material handling, and wood storage and organization product lines for the U.S. market.” 10-K for 2023
Our summaryThe restructuring affects U.S. locations including Camp Hill and Harrisburg, Pennsylvania; Grantsville, Maryland; Fairfield, Iowa; and four wood mills.
Word for word“The affected U.S. locations will include Camp Hill and Harrisburg, Pennsylvania; Grantsville, Maryland; Fairfield, Iowa; and four wood mills.” 10-K for 2023
Our summaryGriffon expects the sourcing strategy project to produce total charges, including cash charges for employee retention and severance, operational transition, and facility and lease exit costs, plus non-cash asset write-downs, with capital investment also required.
Word for word“Implementation of this strategy over the duration of the project will result in charges of $120,000 to $130,000, including $50,000 to $55,000 of cash charges for employee retention and severance, operational transition, and facility and lease exit costs, and $70,000 to $75,000 of non-cash charges primarily related to asset write-downs.” 10-K for 2023
Our summaryGriffon recorded restructuring charges in fiscal 2023 and 2022, with gross profit including restructuring charges of $82,028 in 2023 and $7,964 in 2022.
Word for word“In the years ended 2023 and 2022, gross profit included restructuring charges of $82,028 and $7,964, respectively.” 10-K for 2023
Our summaryGriffon completed its CPP global sourcing strategy expansion, which included restructuring, ahead of schedule.
Word for word“This initiative was successfully completed as of September 30, 2024, ahead of the previously announced date of December 31, 2024.” 10-K for 2024
Our summaryGriffon recorded restructuring charges in fiscal 2024 within cost of goods and SG&A, including amounts for CPP sourcing and restructuring.
Word for word“Restructuring charges of $41,309 ($30,824, net of tax, or $0.62 per share);” 10-K for 2024
Our summaryGriffon recorded restructuring charges in fiscal 2023 tied to its restructuring program.
Word for word“Restructuring charges of $92,468 ($68,779, net of tax, or $1.26 per share);” 10-K for 2024
Our summaryGriffon expanded the global sourcing strategy at its Consumer and Professional Products segment, completing it by September 30, 2024, and recorded restructuring charges including employee retention and severance, transition, and facility and lease exit costs.
Word for word“Implementation of this strategy over the duration of the project resulted in charges of $133,777, which included $51,082 of cash charges for employee retention and severance, operational transition, and facility and lease exit costs, and $82,695 of non-cash charges, primarily related to asset write-downs.” 10-K for 2025
Our summaryGriffon announced that its Consumer and Professional Products segment would expand its global sourcing strategy to more U.S. product lines; the initiative was finished by the end of fiscal 2024.
Word for word“Griffon announced in May 2023 that CPP was expanding its global sourcing strategy to include long handled tools, material handling, and wood storage and organization product lines for the U.S. market.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Restructuring costs incurred | Cash paid for restructuring |
|---|---|---|---|
| 2016-09-30 | $0 | $5.1 million | $2.1 million |
| 2017-09-30 | $0 | $0 | $2.6 million |
| 2020-09-30 | — | $13.7 million | $8.1 million |
| 2021-09-30 | $21.4 million | $21.4 million | $14.9 million |
| 2022-09-30 | $16.8 million | $16.8 million | $12 million |
| 2023-09-30 | $92.5 million | — | $14.5 million |
| 2024-09-30 | $41.3 million | — | $24.2 million |
| 2025-09-30 | — | — | $9 million |
Griffon 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 Griffon’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 2025-11-19. 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.