Ichor Holdings layoffs, on the record
Every job cut, severance charge and restructuring Ichor Holdings reported in its annual reports, 2023 to 2025, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2024 | approximately 1,820 | December 27, 2024 |
| 10-K for 2025 | approximately 1,891 full‑time employees and 557 contingent/temporary employees | As of December 26, 2025 |
Job cuts, severance and restructuring
Our summaryInitiated labor and other cost reduction initiatives to align resources and cost structure with business levels, including severance costs tied to reduction-in-force programs.
Word for word“To help mitigate these impacts and to better align our resources and cost structure with current and expected future levels of business, we initiated labor and other cost reduction initiatives starting in the fourth quarter of 2022 and continuing through 2023.” 10-K for 2023
Our summaryRecorded severance costs associated with global reduction-in-force programs within non-GAAP operating income reconciliation for 2023.
Word for word“(4) Included in this amount are severance costs associated with our global reduction-in-force programs.” 10-K for 2023
Our summaryThe filing reports severance costs tied to the company's global reduction-in-force programs, which lowered gross margin expense in 2024 compared with 2023.
Word for word“Represents severance costs associated with our global reduction-in-force programs.” 10-K for 2024
Our summaryThe company reports operating-income severance costs tied to its global reduction-in-force programs, plus a facility exit and consolidation of one U.S.-based manufacturing facility in 2024.
Word for word“(2) Represents severance costs associated with our global reduction-in-force programs, and, for 2024, the amount includes $0.5 million of costs incurred in connection with exiting and consolidating one of our U.S.-based manufacturing facilities.” 10-K for 2024
Our summaryThe company started a restructuring plan in 2025 to align its footprint with demand, moving manufacturing and machining assets and closing its Scotland and Korea facilities, with about $35 million in related charges.
Word for word“During fiscal year 2025, we incurred restructuring, exit, severance, and related asset impairment charges of approximately $35 million in connection with these activities.” 10-K for 2025
Our summaryThe Board approved the Consolidation Restructuring Plan to align the company's geographic footprint with its long-term strategy, and later expanded it to more sites.
Word for word“In the third quarter of 2025, and amended in the fourth quarter of 2025, our Board of Directors approved the Consolidation Restructuring Plan (the "Plan").” 10-K for 2025
Our summaryThe company recognized about $1.7 million of severance charges under the Consolidation Restructuring Plan, all in 2025.
Word for word“As of December 26, 2025, total expected severance charges under the Plan are approximately $ 1.7 million, all of which were recognized during 2025.” 10-K for 2025
Our summaryThe company recorded $1.8 million of severance costs for affected employees tied to exiting its Scotland and Korea operations.
Word for word“Included in this amount for the twelve months ended December 26, 2025 are: (i) severance costs associated with affected employees of $1.8 million; (ii) inventory write-off charges of $1.7 million; (iii) operating lease ROU asset impairment charges of $1.3 million; (iv) other direct and incremental facility exit-related costs of $1.3 million; and (v) accelerated depreciation charges of $0.6 million.” 10-K for 2025
Ichor Holdings 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 Ichor Holdings’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.