Lumentum layoffs, on the record
Every job cut, severance charge and restructuring Lumentum reported in its annual reports, 2024 to 2026, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2024 | approximately 7,257 | June 29, 2024 |
| 10-K for 2026 | approximately 13,757 full-time employees | As of June 27, 2026 |
Job cuts, severance and restructuring
Our summaryDiscontinued in-house development of coherent DSPs and RFICs, recording restructuring charges including an IPR&D write-off and contract exit costs.
Word for word“As a result, we recorded $35.8 million of restructuring and related charges during the fiscal fourth quarter of 2024, which includes $29.1 million write-off of in-process research and development (“IPR&D) assets, as well as $6.7 million of contract exit costs and asset write-off.” 10-K for 2024
Our summaryRecorded remaining restructuring charges for company-wide cost reduction and manufacturing site consolidation, including shutting down China factories acquired with NeoPhotonics.
Word for word“The remaining $36.8 million of restructuring and related charges are primarily due to company-wide cost reduction initiatives, as well as our integration efforts to consolidate our manufacturing sites.” 10-K for 2024
Our summaryRecorded total restructuring and related charges for fiscal 2024, with payments made against the restructuring accrual.
Word for word“During the year ended June 29, 2024, we recorded restructuring and related charges of $ 72.6 million.” 10-K for 2024
Our summaryRecorded restructuring charges primarily tied to NeoPhotonics integration, cost reductions, and severance and retention agreement benefits for NeoPhotonics executives.
Word for word“During the year ended July 1, 2023, we recorded restructuring and related charges of $ 28.1 million in our consolidated statements of operations, which was primarily attributable to company-wide integration efforts as a result of the NeoPhotonics acquisition, our cost reduction initiatives, as well as severance and employee-related benefits associated with NeoPhotonics’ executive severance and retention agreements.” 10-K for 2024
Our summaryRecorded a net reversal of restructuring charges because lower than anticipated employee severance charges were needed after retaining and re-assigning employees.
Word for word“During the year ended July 2, 2022 , we recorded a net reversal to our restructuring and related charges of $ 1.1 million in our consolidated statements of operations, which was primarily attributable to lower than anticipated employee severance charges due to retaining and re-assigning certain employees.” 10-K for 2024
Our summaryThe company describes restructuring activities, including reductions in force and internal reorganizations, taken to reduce costs and realign staffing; it may take similar steps in the future.
Word for word“We have taken steps, including implementing reductions in force and internal reorganizations, to reduce the cost of our operations, improve efficiencies, or realign our organization and staffing to better match our market opportunities and our technology development initiatives.” 10-K for 2025
Our summaryThe company reported restructuring and related charges in its consolidated statement of operations for fiscal 2025.
Word for word“Restructuring and related charges $ 22.8 $ 72.6 $ (49.8) (68.6) % $ 72.6 $ 28.1 $ 44.5 158.4 % Percentage of net revenue 1.4 % 5.3 % 5.3 % 1.6 % Gain on sale of facility $ (34.9) $ — $ (34.9) — % $ — $ — $ — n/a Percentage of net revenue (2.1) % — % — % — % Net Revenue Net revenue increased by $285.8 million, or 21.0%, during fiscal year 2025 as compared to fiscal year 2024, due to a $325.9 million increase in Cloud & Networking net revenue offset by a $40.1 million decrease in Industrial Tech net revenue.” 10-K for 2025
Our summaryThe company has undertaken initiatives to consolidate and restructure some of its manufacturing and operational sites while expanding manufacturing capacity.
Word for word“We have undertaken various initiatives to consolidate and restructure certain of our manufacturing and operational sites, particularly in light of efficiencies and synergies achievable from prior acquisitions, while also expanding overall manufacturing capacity for new and high growth product lines across our global manufacturing footprint.” 10-K for 2026
| Fiscal year ended | Severance costs | Restructuring charges | Cash paid for restructuring |
|---|---|---|---|
| 2016-07-02 | — | $7.7 million | $8 million |
| 2017-07-01 | — | $12 million | $13.9 million |
| 2019-06-29 | — | $31.9 million | $19.2 million |
| 2020-06-27 | — | $8 million | $17.4 million |
| 2021-07-03 | — | $7.7 million | $7.2 million |
| 2022-07-02 | −$1.1 million | −$1.1 million | $4.6 million |
| 2023-07-01 | — | $28.1 million | $23.1 million |
| 2025-06-28 | $4.3 million | $22.8 million | $31.4 million |
| 2026-06-27 | — | $11.4 million | $11.5 million |
Lumentum 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 Lumentum’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 2026-08-17. 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.