Kimball Electronics layoffs, on the record
Every job cut, severance charge and restructuring Kimball Electronics reported in its annual reports, 2024 to 2026, quoted from the filings. Headcount went from approximately 7,000 to approximately 5,600.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2024 | approximately 7,000 | As of June 30, 2024 |
| 10-K for 2025 | approximately 5,700 | June 30, 2025 |
| 10-K for 2026 | approximately 5,600 | As of June 30, 2026 |
Job cuts, severance and restructuring
Our summaryUndertook restructuring efforts to align its cost structure with reduced end-market demand, including resizing its workforce and taking specific cost actions, recording employee-related restructuring expense.
Word for word“We recorded restructuring expenses of $ 2.4 million in fiscal year 2024 for employee-related costs as we undertook restructuring efforts to align our cost structure with reduced end market demand levels, including resizing our workforce and taking specific cost actions.” 10-K for 2024
Our summaryExpects to continue the restructuring efforts and estimates additional pre-tax restructuring charges, mostly in the first half of fiscal year 2025.
Word for word“We expect to continue executing the restructuring efforts and estimate between $ 3.0 million and $ 4.0 million of additional pre-tax restructuring charges, most of which we expect in the first half of fiscal year 2025.” 10-K for 2024
Our summaryDecided in the third quarter of fiscal year 2024 to divest its automation, test and measurement business unit and committed to a plan to sell it; the divestiture of the GES business was completed July 31, 2024.
Word for word“In the third quarter of fiscal year 2024, we made the decision to divest our automation, test and measurement business unit and committed to a plan to sell the business.” 10-K for 2024
Our summaryRestructuring efforts to align cost structure with reduced end-market demand, including resizing the workforce, began in fiscal 2024 and were substantially complete at June 30, 2025.
Word for word“During fiscal years 2025 and 2024, we undertook restructuring efforts to align our cost structure with reduced end market demand levels, including resizing our workforce and taking specific cost actions, and recorded restructuring expense of $ 5.7 million and $ 2.4 million, respectively, which were primarily employee-related costs.” 10-K for 2025
Our summaryBoard approved a plan to cease operations at the Tampa facility, with the assets later classified as held for sale.
Word for word“At June 30, 2025, we revised our estimated restructuring charges that we expect to incur to approximately $ 5.5 million to $ 6.5 million in total exit costs, including approximately $ 4.5 million in employee termination benefits and $ 1.0 million to $ 2.0 million in logistical costs to transfer and validate programs at our other facilities.” 10-K for 2025
Our summaryThe company ran a restructuring effort since fiscal 2024 to match its costs to weaker demand, including resizing its workforce, and recorded mostly employee-related costs each year.
Word for word“During fiscal years 2026, 2025, and 2024, we undertook restructuring efforts to align our cost structure with reduced end market demand levels, including resizing our workforce and taking specific cost actions, and recorded restructuring expense of $ 3.4 million, $ 5.7 million, and $ 2.4 million, respectively, which were primarily employee-related costs.” 10-K for 2026
Our summaryThe company expects a final phase of additional restructuring costs under this plan through fiscal 2027.
Word for word“We expect to incur $ 1.5 million to $ 3.0 million of additional restructuring costs through fiscal year 2027.” 10-K for 2026
Our summaryThe Board approved a plan to close the Tampa facility and stop operations there.
Word for word“Additionally, on November 4, 2024, the Company announced that its Board of Directors approved a plan to cease operations at our Tampa facility ("Tampa Closure Plan").” 10-K for 2026
Our summaryThe company recorded restructuring expense for the Tampa closure in fiscal 2026, and the cumulative total since the plan began was larger.
Word for word“We recorded restructuring expense of $ 1.6 million in fiscal year 2026 for the Tampa Closure Plan.” 10-K for 2026
| Fiscal year ended | Restructuring charges |
|---|---|
| 2016-06-30 | $0 |
| 2022-06-30 | $0 |
| 2023-06-30 | $0 |
| 2024-06-30 | $2.4 million |
| 2025-06-30 | $11 million |
Kimball Electronics filed 1 restructuring notice (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 Kimball Electronics’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 2026-08-19. 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.