Kennametal layoffs, on the record
Every job cut, severance charge and restructuring Kennametal reported in its annual reports, 2024 to 2026, quoted from the filings. Headcount went from 8,447 to 8,073.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2024 | 8,447 | June 30, 2024 |
| 10-K for 2025 | 8,124 | June 30, 2025 |
| 10-K for 2026 | 8,073 | June 30, 2026 |
Job cuts, severance and restructuring
Our summaryAnnounced a cost-streamlining restructuring initiative while continuing investment in commercial and operational excellence.
Word for word“In the June quarter of fiscal 2023, we announced an initiative to streamline our cost structure while continuing to invest in our high-return commercial and operational excellence initiatives.” 10-K for 2024
Our summaryRecorded restructuring and related charges during fiscal 2024, split between Metal Cutting and Infrastructure, net of a reversal for prior actions.
Word for word“During 2024, we recorded restructuring and related charges of $12.4 million, which consisted of $8.5 million in Metal Cutting and $3.9 million in Infrastructure.” 10-K for 2024
Our summaryRecorded a reversal of restructuring charges related to prior actions and a net benefit from property sales within restructuring and other charges.
Word for word“These amounts are inclusive of a reversal of restructuring and related charges of $1.1 million related to prior actions, including $0.4 million in operating expense.” 10-K for 2024
Our summaryReported that the cost-streamlining program delivered annualized pre-tax savings and expects most remaining charges in fiscal 2025.
Word for word“This action delivered annualized run rate pre-tax savings of approximately $33 million at the end of fiscal 2024.” 10-K for 2024
Our summaryAnnounced a cost-streamlining restructuring initiative in the June quarter of fiscal 2024; total restructuring and related charges recorded through June 30, 2025 were $22.0 million, consisting of $16.6 million in Metal Cutting and $5.5 million in Infrastructure.
Word for word“In the June quarter of fiscal 2024, we announced an initiative to streamline our cost structure.” 10-K for 2025
Our summaryAnnounced several actions to support long-term competitiveness and mitigate softer market conditions; total restructuring and related charges recorded through June 30, 2025 were $11.4 million, consisting of $8.8 million in Metal Cutting and $2.6 million in Infrastructure.
Word for word“In January 2025, we announced several actions to support the long-term competitiveness of the Company and to mitigate softer market conditions.” 10-K for 2025
Our summarySubstantially completed the closure of a facility in Greenfield, MA and consolidated facilities in Barcelona, Spain as part of these actions.
Word for word“The Company substantially completed the closure of a facility in Greenfield, MA and the consolidation of facilities in Barcelona, Spain during 2025 as a part of these actions.” 10-K for 2025
Our summaryThe company recorded restructuring and related charges for the fiscal 2026 period under the program, split between Metal Cutting and Infrastructure.
Word for word“During 2026, we recorded restructuring and related charges of $11.4 million, which consisted of $9.7 million in Metal Cutting and $1.7 million in Infrastructure.” 10-K for 2026
| Fiscal year ended | Restructuring charges | Restructuring costs incurred | Cash paid for restructuring |
|---|---|---|---|
| 2016-06-30 | $30 million | $53.5 million | $29.7 million |
| 2017-06-30 | $65.6 million | $76.2 million | $49.8 million |
| 2018-06-30 | $16.4 million | $15.9 million | $25.4 million |
| 2019-06-30 | $19.5 million | $16.9 million | $13.1 million |
| 2020-06-30 | $69.2 million | $83.3 million | $37.6 million |
| 2021-06-30 | $29.6 million | $40.4 million | — |
| 2022-06-30 | −$1.2 million | $4.2 million | — |
| 2023-06-30 | $800,000 | $6.6 million | — |
| 2024-06-30 | $1.1 million | $12.4 million | — |
| 2025-06-30 | — | $13.3 million | — |
Kennametal filed 6 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 Kennametal’s annual reports (10-K for 2026, 10-K for 2025, 10-K for 2024) and the financial data it files with the SEC, as of 2026-08-12. 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.