Ingredion layoffs, on the record
Every job cut, severance charge and restructuring Ingredion reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 11,600 to approximately 11,200.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 11,600 | December 31, 2023 |
| 10-K for 2024 | approximately 11,200 | December 31, 2024 |
| 10-K for 2025 | approximately 11,200 | As of December 31, 2025 |
Job cuts, severance and restructuring
Our summaryDivestiture of South Korea business resulted in restructuring charges recorded in 2023.
Word for word“During 2023, we recorded $ 1 million of pre-tax restructuring charges related to the divestiture of our South Korea business.” 10-K for 2023
Our summaryCost Smart SG&A program included employee-related severance costs; 2021 restructuring charges were recorded.
Word for word“We also recorded $ 17 million of employee-related and other costs associated with our Cost Smart SG&A program, consisting of professional services and employee-related severance costs primarily in our North America and EMEA segments.” 10-K for 2023
Our summaryCost Smart SG&A program restructuring costs recorded in 2022, including selling, general and administrative costs.
Word for word“During 2022, we recorded $ 4 million of pre-tax restructuring charges, which included $ 3 million of costs associated with our Cost Smart selling, general and administrative expense ("SG&A") program and $ 1 million of costs as part of our Cost Smart Cost of sales program.” 10-K for 2023
Our summaryRestructuring and impairment charges in 2023 mainly reflected an other-than-temporary impairment of equity method investments, not a workforce reduction.
Word for word“Restructuring and impairment charges increased to $11 million for 2023 from $4 million for 2022, which primarily reflected an other-than-temporary-impairment to our equity method investments.” 10-K for 2023
Our summaryRestructuring and impairment charges rose in 2024, mainly from impairments tied to ceasing operations at the Vanscoy (Canada), Goole (United Kingdom) and Alcantara (Brazil) manufacturing facilities.
Word for word“Restructuring and impairment charges increased to $127 million for 2024 from $11 million for 2023, which primarily reflected impairment charges related to the cessation of operations at our Vanscoy, Canada, Goole, United Kingdom, and Alcantara, Brazil manufacturing facilities.” 10-K for 2024
Our summaryThe company recorded pre-tax restructuring and resegmentation charges in its return on invested capital reconciliation for 2024.
Word for word“(i) In 2024, we recorded $18 million of pre-tax restructuring” 10-K for 2024
Our summaryThe company recorded lower restructuring and impairment charges in 2025 than in 2024, with 2024 charges tied to plant closures in Canada, the UK and Brazil and to restructuring from its resegmentation.
Word for word“Restructuring and impairment charges decreased to $21 million for 2025 compared to $127 million for 2024.” 10-K for 2025
Our summaryIn 2025 the company recorded impairment charges for equity investments and decommissioning costs for previously announced plant closures and restructuring activities.
Word for word“In 2025, we recorded impairment charges for equity investments and decommissioning costs for previously announced plant closures and restructuring activities that occurred during the year.” 10-K for 2025
| Fiscal year ended | Restructuring charges |
|---|---|
| 2016-12-31 | $19 million |
| 2017-12-31 | $38 million |
| 2018-12-31 | $64 million |
| 2019-12-31 | $57 million |
| 2020-12-31 | $48 million |
| 2021-12-31 | $47 million |
| 2022-12-31 | $4 million |
| 2023-12-31 | $1 million |
| 2024-12-31 | $18 million |
| 2025-12-31 | $13 million |
Ingredion 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 Ingredion’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 2026-02-17. 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.