Kulicke & Soffa Industries layoffs, on the record
Every job cut, severance charge and restructuring Kulicke & Soffa Industries reported in its annual reports, 2023 to 2025, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 2,877 full-time employees and 148 temporary workers | September 30, 2023 |
| 10-K for 2024 | 2,681 | September 28, 2024 |
| 10-K for 2025 | 2,551 full-time employees and 41 temporary workers | October 4, 2025 |
Job cuts, severance and restructuring
Our summaryWound down the cancelled advanced display project (Project W) after a customer cancelled it, with an impairment of property, plant and equipment, right-of-use assets and an asset retirement obligation.
Word for word“Accordingly, as of September 28, 2024, we recorded a full impairment of the long-lived assets, resulting in an impairment charge of $ 38.0 million related to property, plant and equipment primarily pertaining to leasehold improvements, $ 3.0 million related to the ROU assets and $ 3.5 million related to Asset Retirement Obligation (ARO).” 10-K for 2024
Our summaryImplemented a restructuring program in March 2024 to reallocate resources, boost productivity and drive efficiency, with employee termination costs recorded in SG&A.
Word for word“For fiscal 2024, employee termination costs of $ 2.9 million related to other severance and employee costs incurred as a result of the restructuring program, primarily pertaining to ongoing employee benefit arrangements, were recorded within "Selling, general and administrative" in the Consolidated Statements of Operations.” 10-K for 2024
Our summaryImplemented a September 2024 restructuring program to centralize global manufacturing and supply chain operations, with accrued employee benefit costs expected to be paid by the end of fiscal 2025.
Word for word“The accrued costs amounting to $ 2.2 million, which pertain to ongoing employee benefit arrangements arising from the restructuring program as of September 28, 2024 are accounted in accordance with ASC 712 and is expected to be paid by the end of fiscal year 2025.” 10-K for 2024
Our summaryRecorded $4.1 million of severance expenses within SG&A for fiscal 2024, higher than the prior year.
Word for word“For fiscal 2024, the higher SG&A expenses as compared to fiscal 2023 was primarily due to $4.8 million higher staff cost, $4.2 million higher sales representative commissions, $4.1 million severance expenses, $2.2 million higher miscellaneous expenses and $1.6 million higher professional services.” 10-K for 2024
Our summaryThe company implemented a restructuring program to centralize global manufacturing and supply chain operations, with accrued costs substantially paid in fiscal 2025.
Word for word“In September 2024, the Company also implemented a restructuring program as part of our efforts to centralize global manufacturing and supply chain operations.” 10-K for 2025
Our summaryManagement approved a cost-reduction restructuring program that includes headcount reductions, with severance costs recorded in fiscal 2025.
Word for word“For fiscal 2025, employee termination costs of $ 4.2 million related to other severance and employee costs incurred as a result of the restructuring program, primarily pertaining to ongoing employee benefit arrangements, were recorded within "Selling, general and administrative" in the Consolidated Statements of Operations.” 10-K for 2025
Our summaryManagement approved a restructuring program to centralize global manufacturing, with accrued severance costs expected to be mostly paid by the end of fiscal 2026.
Word for word“The accrued costs amounting to $ 1.2 million, which pertain to ongoing employee benefit arrangements arising from the restructuring program as of October 4, 2025, are accounted in accordance with ASC 712 and are expected to be substantially paid by the end of fiscal year 2026.” 10-K for 2025
Our summaryThe company ceased its EA equipment business and recorded employee termination benefits among other wind-down charges.
Word for word“Employee termination benefits — — 5,337 5,337 Adverse purchase commitments 10,900 — — 10,900 $ 42,381 $ 39,817 $ 5,337 $ 87,535 Inventory write-down In determining the value of our inventory, we consider indicators that net realizable value may be lower than cost based upon projections about future consumption and market conditions.” 10-K for 2025
| Fiscal year ended | Severance costs | Restructuring charges | Cash paid for restructuring |
|---|---|---|---|
| 2016-10-01 | — | $8.6 million | $3.6 million |
| 2017-09-30 | — | $3.3 million | $5.2 million |
| 2018-09-29 | — | −$321,000 | $3 million |
| 2024-09-28 | $2.9 million | — | — |
| 2025-10-04 | — | $957,000 | $0 |
Kulicke & Soffa Industries filed 2 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 Kulicke & Soffa Industries’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 2025-11-20. 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.