Littelfuse layoffs, on the record
Every job cut, severance charge and restructuring Littelfuse reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 17,000 to approximately 17,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 17,000 | December 30, 2023 |
| 10-K for 2024 | approximately 16,000 | December 28, 2024 |
| 10-K for 2025 | approximately 17,000 | December 27, 2025 |
Job cuts, severance and restructuring
Our summaryCompany recorded restructuring, impairment and other charges in fiscal 2023, primarily associated with employee termination costs, along with a separate impairment charge on land and building in the commercial vehicle business.
Word for word“Fiscal year 2023 included $28.2 million of non-segment charges, of which $11.7 million related to legal and professional fees and other integration expenses related to completed and contemplated acquisitions and $16.5 million of restructuring, impairment and other charges, primarily associated with employee termination costs and a $3.9 million impairment charge for the land and building in the commercial vehicle business within the Transportation segment.” 10-K for 2023
Our summaryCompany increased restructuring charges for reorganizing certain manufacturing, selling and administrative functions within the Transportation and Industrial segments.
Word for word“Additionally, the Company incurred an increase in restructuring, impairment, and other charges of $6.5 million primarily related to the reorganization of certain manufacturing, selling and administrative functions within the Transportation and Industrial segments and a $3.9 million impairment charge related to the land and building of a property in the commercial vehicle business within the Transportation segment.” 10-K for 2023
Our summaryCompany recorded restructuring, impairment and other charges in fiscal 2022, primarily related to employee termination costs, including an intangible asset impairment in the Electronics segment.
Word for word“Fiscal year 2022 included $43.2 million of non-segment charges, of which $17.6 million related to legal and professional fees and other integration expenses primarily associated with the C&K and Carling acquisitions and other contemplated acquisitions, $15.6 million of purchase accounting inventory step-up charges, and $10.0 million of restructuring, impairment and other charges, primarily related to employee termination costs and a $2.9 million intangible asset impairment charge within the Electronics segment in the fourth quarter of 2022.” 10-K for 2023
Our summaryCompany recorded restructuring, impairment and other charges in fiscal 2021, primarily related to employee termination costs.
Word for word“Fiscal year 2021 included $12.6 million of non-segment charges, of which $8.4 million relates to purchase accounting inventory step-up charges, $7.0 million of acquisition-related and integration charges related to the Carling and Hartland acquisitions and other contemplated acquisitions, and $2.2 million of restructuring, impairment and other charges, primarily related to employee termination costs.” 10-K for 2023
Our summaryFiling states the company may take additional restructuring actions, including consolidating, closing or selling facilities, which could involve severance costs.
Word for word“In the future, the Company may take additional restructuring actions including the consolidating, closing or selling of additional facilities.” 10-K for 2023
Our summaryRecognized total restructuring charges, primarily for employee termination costs tied to reorganizing manufacturing, selling and administrative functions in the semiconductor business (Electronics segment) and selling and administrative functions in the commercial vehicle business (Transportation segment).
Word for word“The Company also recognized total restructuring charges of $14.9 million, primarily for employee termination costs related to the reorganization of certain manufacturing, selling and administrative functions in the semiconductor business within the Electronics segment and the reorganization of certain selling and administrative functions in the commercial vehicle business within the Transportation segment.” 10-K for 2024
Our summaryReported an increase in restructuring, impairment and other charges, which drove higher operating expenses in 2024.
Word for word“The increase in operating expenses of $89.4 million was primarily due to an increase in restructuring, impairment, and other charges of $91.9 million, which included a non-cash impairment charge of $47.8 million for the impairment of intangible assets primarily related to certain acquired customer relationships, developed technology, and tradename in the Industrial controls and sensors reporting unit within the Industrial segment, and $36.1 million and $8.6 million of non-cash goodwill impairment charges associated with the Industrial controls and sensors reporting unit within the Industrial segment and the Automotive sensors reporting unit within the Transportation segment, respectively.” 10-K for 2024
| Fiscal year ended | Restructuring charges |
|---|---|
| 2016-12-31 | $4 million |
| 2017-12-30 | $2.2 million |
| 2018-12-29 | $10.4 million |
| 2019-12-28 | $12.7 million |
| 2020-12-26 | $5.6 million |
| 2022-01-01 | $2.2 million |
| 2022-12-31 | $7.1 million |
| 2023-12-30 | $11.6 million |
| 2024-12-28 | $14.9 million |
| 2025-12-27 | $18 million |
Littelfuse has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Littelfuse’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 2026-02-19. 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.