Leggett & Platt layoffs, on the record
Every job cut, severance charge and restructuring Leggett & Platt reported in its annual reports, 2023 to 2025, quoted from the filings.
Job cuts, severance and restructuring
Our summaryThe company has a previously announced restructuring plan, mainly tied to its Bedding Products segment and to a lesser extent its Furniture, Flooring & Textile Products segment.
Word for word“• risks and uncertainties related to our previously announced restructuring plan, primarily associated with our Bedding Products segment and, to a lesser extent, our Furniture, Flooring & Textile Products segment (the “Plan”), including the preliminary nature of the estimates and the possibility that the estimates may change as our analysis develops and additional information is obtained; our ability to implement the Plan in a timely manner that will positively impact our financial condition and results of operations; our ability to dispose of assets pursuant to the Plan and obtain expected proceeds in a timely manner; the impact of the Plan on relationships with employees, customers, and vendors; factors that may cause us to be unable to achieve the expected benefits of the Plan; fluctuations in the number of employees impacted; and other restructuring, impairment, and related costs in addition to our previously announced Plan; • cash generation or debt availability sufficient to pay dividends and the Board's decision to reduce, suspend, or terminate the dividend;” 10-K for 2023
Our summaryThe filing lists estimates of restructuring and restructuring-related costs, and the number of facilities to be consolidated, as forward-looking items.
Word for word“estimates of the amounts, types, and timing of restructuring and restructuring-related costs (cash and non-cash including inventory obsolescence) and impairment charges aggregately and by segment; the sales reduction due to the Company's restructuring plan; the amount and timing of proceeds from the sale of facilities; the number of Bedding Products segment and Furniture, Flooring & Textile Products segment facilities to be consolidated; and the underlying assumptions relating to forward-looking statements.” 10-K for 2023
Our summaryThe company says its forward-looking statements cover restructuring items such as facility closures, restructuring-related costs, impairment charges, sales attrition, proceeds from facility sales, and EBIT benefit.
Word for word“These statements are identified by the context in which they appear or words such as “anticipate,” “believe,” “estimate,” “expect,” “guidance,” “intend,” “may,” “plan,” or the like.” 10-K for 2025
| Fiscal year ended | Severance costs | Restructuring charges | Restructuring costs incurred | Cash paid for restructuring |
|---|---|---|---|---|
| 2016-12-31 | $800,000 | $800,000 | — | $800,000 |
| 2017-12-31 | $800,000 | $800,000 | — | $800,000 |
| 2018-12-31 | $7.8 million | $7.8 million | — | $1.4 million |
| 2019-12-31 | $8.1 million | — | — | $11.1 million |
| 2020-12-31 | — | $7.6 million | — | — |
| 2021-12-31 | — | −$300,000 | — | — |
| 2022-12-31 | — | $1.4 million | — | — |
| 2023-12-31 | — | $2.9 million | — | — |
| 2024-12-31 | — | $18.7 million | $50.7 million | — |
| 2025-12-31 | — | $11.1 million | — | — |
Leggett & Platt 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 Leggett & Platt’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 2026-02-26. 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.