Ingevity layoffs, on the record
Every job cut, severance charge and restructuring Ingevity reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 1,700 to approximately 1,500.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 1,700 | — |
| 10-K for 2024 | approximately 1,600 | — |
| 10-K for 2025 | approximately 1,500 | — |
Job cuts, severance and restructuring
Our summaryCompany announced strategic actions to reposition its Performance Chemicals segment, including closing the DeRidder plant by the end of the first half of 2024.
Word for word“We expect to incur aggregate charges of approximately $280.0 million associated with these actions, consisting of approximately $180.0 million in asset-related charges, approximately $15.0 million in severance and other employee-related costs, and approximately $85.0 million in other restructuring costs including decommissioning, dismantling and removal charges, and contract termination costs.” 10-K for 2023
Our summaryCompany recorded severance and other employee-related costs within restructuring and other charges for 2023.
Word for word“For the year ended December 31, 2023, asset disposal charges were $105.6 million, severance and other employee-related costs were $18.4 million, and other restructuring charges were $1.6 million.” 10-K for 2023
Our summaryCompany initiated several measures throughout 2023 to pursue greater cost efficiency, including a reorganization to streamline certain functions and reduce ongoing costs.
Word for word“Throughout 2023 we initiated several measures across the organization to pursue greater cost efficiency which included a reorganization to streamline certain functions and reduce ongoing costs.” 10-K for 2023
Our summaryPerformance Chemicals repositioning, including a workforce reduction that represented about 40 percent of the segment's workforce.
Word for word“Specific to Performance Chemicals, the reduction represented approximately 40 percent of the reportable segment's workforce.” 10-K for 2024
Our summaryCompany expects total charges for the Performance Chemicals repositioning, including asset-related, severance and other restructuring costs.
Word for word“We expect to incur total charges of approximately $350.0 million, excluding CTO resale activity as described below, associated with the Performance Chemicals repositioning, consisting of approximately $250.0 million in asset-related charges, approximately $25.0 million in severance and other employee-related costs, and approximately $75.0 million in other restructuring costs including decommissioning, dismantling and removal charges, and contract termination costs.” 10-K for 2024
Our summaryCompany reported restructuring charges for work force reductions and other actions.
Word for word“Work force reductions and other $ 2.3 $ 12.5 $ — Performance Chemicals' repositioning 172.7 113.1 — Restructuring charges $ 175.0 $ 125.6 $ — Alternative feedstock transition — 22.1 — North Charleston plant transition 11.2 14.8 — Business transformation costs — 7.7 13.8 Other (income) charges, net $ 11.2 $ 44.6 $ 13.8 Restructuring and other (income) charges, net (1) $ 186.2 $ 170.2 $ 13.8 _______________ (1) See Note 15 for more information.” 10-K for 2024
Our summaryThe company is running a restructuring program to reposition its Performance Chemicals segment, with total expected charges of about $370 million, nearly all activity already done and completion expected in 2026.
Word for word“The PC Repositioning Actions restructuring program is expected to result in total charges of approximately $370 million, consisting primarily of: • ~$255 million in non-cash asset-related charges; and • ~$115 million in cash charges, including: ▪ ~$25 million in severance and other employee-related costs, and 27 ▪ ~$90 million in other restructuring costs, including decommissioning, dismantling, and removal charges, and contract termination costs.” 10-K for 2025
Our summaryThe company expects roughly $10 million more in cash restructuring charges for the Performance Chemicals repositioning during 2026.
Word for word“We expect to incur approximately $10 million of additional cash charges during 2026.” 10-K for 2025
| Fiscal year ended | Severance costs | Restructuring charges | Cash paid for restructuring |
|---|---|---|---|
| 2016-12-31 | $6.3 million | — | $8.3 million |
| 2017-12-31 | $1.3 million | — | $5.5 million |
| 2018-12-31 | $100,000 | −$500,000 | $300,000 |
| 2019-12-31 | $1.5 million | $1.8 million | $1.8 million |
| 2020-12-31 | $6.4 million | $8.5 million | $6.4 million |
| 2021-12-31 | $100,000 | $100,000 | $400,000 |
| 2022-12-31 | $0 | $0 | $13.8 million |
| 2023-12-31 | $0 | $35.2 million | $44 million |
| 2024-12-31 | $4.8 million | $6.9 million | $59.3 million |
| 2025-12-31 | $0 | $12.8 million | $46.1 million |
Ingevity filed 3 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 Ingevity’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 2026-02-26. 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.