Itron layoffs, on the record
Every job cut, severance charge and restructuring Itron reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 5,859 to 5,550.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 5,859 | As of December 31, 2023 |
| 10-K for 2024 | 5,788 people in our workforce, including 5,040 permanent employees | As of December 31, 2024 |
| 10-K for 2025 | 5,550 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryBoard approved the 2023 Projects restructuring plan to optimize global supply chain, manufacturing, sales and marketing, and overhead, with pre-tax charges expected to total $51.7 million.
Word for word“On February 23, 2023, the Board of Directors of Itron approved a restructuring plan (the 2023 Projects).” 10-K for 2023
Our summaryCompany reported restructuring expense for 2023 that increased from 2022, mainly related to the 2023 Projects.
Word for word“This was due to an increase of $57.6 million in restructuring costs, of which $48.5 million was related to the 2023 Projects, as well as an increase of $23.6 million in research and development and a $22.3 million increase in sales, general and administrative expenses.” 10-K for 2023
Our summaryCompany paid out restructuring cash and reported amounts accrued for all restructuring projects, with the 2023 Projects expected to pay out through 2027.
Word for word“For the year ended December 31, 2023, we paid out $16.5 million related to all our restructuring projects.” 10-K for 2023
Our summaryCompany disclosed that the 2021 Projects, including reductions in certain locations and functional support areas, are expected to be substantially complete by the end of 2024.
Word for word“These pro jects are expected to be substantially complete by the end of 2024, with an estimated $25 million in cash payments remaining as of December 31, 2023 and with cash outflows expected through 2025.” 10-K for 2023
Our summaryCompany disclosed the 2020 restructuring plan was substantially complete by the end of 2023.
Word for word“These projects were substantially complete by the end of 2023, with an estimated $2 million in cash payments remaining as of December 31, 2023 and with cash outflows expected through 2025.” 10-K for 2023
Our summaryCompany expects the 2023 Projects to deliver annualized savings once substantially complete, and the Waseca and Chasseneuil facility closures are included in the 2023 Restructuring Plan.
Word for word“Once the 2023 Projects are substantially completed, Itron estimates $14-17 million in annualized savings.” 10-K for 2023
Our summaryRestructuring plan approved by the Board in October 2021 (the 2021 Projects), tied to reductions in certain locations and functional support areas along with the sale of certain Gas product lines; the projects were substantially complete at end of 2024.
Word for word“On October 29, 2021, our Board of Directors approved a restructuring plan (the 2021 Projects), which in conjunction with the announcement of the sale of certain Gas product lines from our Device Solutions manufacturing and business operations in Europe and North America to Dresser Utility Solutions, includes activities to drive reductions in certain locations and functional support areas.” 10-K for 2024
Our summaryRestructuring plan approved by the Board (the 2023 Projects) to optimize global supply chain and manufacturing, sales and marketing, and other overhead; expected to be substantially complete by early 2025.
Word for word“On February 23, 2023, our Board of Directors approved a restructuring plan (the 2023 Projects).” 10-K for 2024
Our summaryCompany reported total restructuring cash payments and accrued restructuring balances across all projects during 2024.
Word for word“For the year ended December 31, 2024, we paid out $32.0 million related to all our restructuring projects.” 10-K for 2024
Our summaryRestructuring expense recorded in the income statement for 2024, down from 2023.
Word for word“Restructuring 2,679 43,989 ( 13,625 ) Loss on sale of business 597 667 3,505 Goodwill impairment — — 38,480 Total operating expenses 575,207 585,041 529,628 Operating income (loss) 264,110 128,867 ( 7,439 ).” 10-K for 2024
Our summaryThe company paid out cash for its restructuring projects in 2025 and still had an accrued liability at year end, most of it due within 12 months.
Word for word“As of December 31, 2025, $19.0 million was accrued for these restructuring projects, of which $15.0 million is expected to be paid within the next 12 months.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2016-12-31 | $49.1 million | $20.8 million |
| 2017-12-31 | $6.4 million | $17.4 million |
| 2018-12-31 | $77.2 million | $34.5 million |
| 2019-12-31 | $6.3 million | $20.7 million |
| 2020-12-31 | $37 million | $17.1 million |
| 2021-12-31 | $54.6 million | $29.7 million |
| 2022-12-31 | −$13.6 million | $25.8 million |
| 2023-12-31 | $44 million | $16.5 million |
| 2024-12-31 | $2.7 million | $32 million |
| 2025-12-31 | $931,000 | $26.4 million |
Itron filed 5 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 Itron’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.