Informatica layoffs, on the record
Every job cut, severance charge and restructuring Informatica reported in its annual reports, 2022 to 2024, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2022 | over 6,000 | December 31, 2022 |
| 10-K for 2023 | over 5,000 | December 31, 2023 |
| 10-K for 2024 | over 5,200 full-time employees | December 31, 2024 |
Job cuts, severance and restructuring
Our summaryAnnounced a plan to reduce the global workforce, which the company says aligns its workforce and cost base with its cloud-focused priorities.
Word for word“In January 2023, we announced a plan to reduce our workforce by approximately 450 employees, representing approximately 7% of our current global workforce (the "Plan").” 10-K for 2022
Our summaryAnnounced a January plan to reduce the workforce by about 450 employees (about 7% of the global workforce) and close an office in Israel.
Word for word“On January 10, 2023, we announced a plan to reduce our workforce by approximately 450 employees, representing approximately 7% of the global workforce, and a closure of an office in Israel (the "January Plan").” 10-K for 2023
Our summaryAnnounced a November plan to reduce the workforce by about 500 employees (about 10% of the global workforce) and reduce the global real estate footprint.
Word for word“For example, in January 2023, we announced a plan to reduce our workforce by approximately 450 employees, representing approximately 7% of our current global workforce (the "January Plan"), and in November 2023, we announced a plan to reduce our workforce by approximately 500 employees, representing approximately 10% of our current global workforce, and reduce our global real estate footprint (the "November Plan").” 10-K for 2023
Our summaryEstimated non-recurring charges for the November plan, mainly for employee transition, severance, benefits, and real estate costs.
Word for word“As disclosed in our Current Report on Form 8-K, filed on November 1, 2023, we estimated that we will incur non-recurring charges of approximately $35 million to $45 million in connection with the November Plan, primarily related to cash expenditures for employee transition, notice period and severance payments, employee benefits, real-estate related charges, and other costs.” 10-K for 2023
Our summaryRecorded restructuring charges for the year from the January and November plans.
Word for word“Restructuring costs increased to $59.8 million (or 4% of total revenues) during the year ended December 31, 2023.” 10-K for 2023
Our summaryThe company announced the November Plan in 2023, cutting its workforce and reducing its global real estate footprint.
Word for word“For example, in January 2023, we announced a plan to reduce our workforce by approximately 450 employees, representing approximately 7% of our then-current global workforce (the "January Plan"), and in November 2023, we announced a plan to reduce our workforce by approximately 500 employees, representing approximately 10% of our then-current global workforce, and reduce our global real estate footprint (the "November Plan").” 10-K for 2024
Our summaryRestructuring costs fell in 2024 because most charges for the January and November Plans were booked in 2023.
Word for word“Restructuring costs decreased to $12.5 million (or 1% of total revenues) during the year ended December 31, 2024.” 10-K for 2024
| Fiscal year ended | Restructuring charges | Cash paid for restructuring | Positions eliminated |
|---|---|---|---|
| 2020-12-31 | $16.5 million | $13 million | 300 |
| 2021-12-31 | $0 | $2.5 million | — |
| 2022-12-31 | $0 | — | — |
| 2023-12-31 | $59.8 million | $35.7 million | — |
| 2024-12-31 | — | $35.7 million | — |
Informatica filed 2 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 Informatica’s annual reports (10-K for 2024, 10-K for 2023, 10-K for 2022) and the financial data it files with the SEC, as of 2025-02-25. 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.