Marvell Technology layoffs, on the record
Every job cut, severance charge and restructuring Marvell Technology reported in its annual reports, 2024 to 2026, quoted from the filings. Headcount went from 6,577 to 7,480.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2024 | 6,577 | February 3, 2024 |
| 10-K for 2025 | 7,042 | February 1, 2025 |
| 10-K for 2026 | 7,480 | January 31, 2026 |
Job cuts, severance and restructuring
Our summaryStreamlined the organization and optimized resources through a restructuring plan initiated in the first quarter of fiscal 2024, recording restructuring related charges.
Word for word“During fiscal 2024, we made changes to our business to streamline our organization and optimize resources, which resulted in recognition of $131.1 million of restructuring related charges.” 10-K for 2024
Our summaryRecorded restructuring related impairment charges in fiscal 2024 as part of the restructuring activity.
Word for word“We had a net loss of $933.4 million adjusted for the following non-cash items: amortization of acquired intangible assets of $1.1 billion, stock-based compensation expense of $609.8 million, depreciation and amortization of $299.8 million, deferred income tax expense of $150.8 million, restructuring related impairment charges of $32.9 million, amortization of deferred debt issuance costs and debt discounts of $10.7 million, and $44.2 million net loss from other non-cash items.” 10-K for 2024
Our summaryInitiated a restructuring plan in the third quarter of fiscal 2025 to increase R&D investment in the data center market and reduce investment in new product development in other end markets, including cancelling certain future product releases.
Word for word“We recognized $711.8 million of restructuring related charges for the year ended February 1, 2025, mainly comprised of impairment and write-off of acquired intangible assets, purchased technology licenses, inventories, property and equipment, and other non-current assets, as well as recognition of future contractual obligations, severance, other one-time termination benefits, and other costs.” 10-K for 2025
Our summaryRecorded restructuring related charges in operating expenses for fiscal 2025, mainly impairments and write-offs plus severance and other termination costs.
Word for word“We recognized $353.9 million of restructuring related charges in fiscal 2025 as we continued to evaluate our existing operations to increase operational efficiency, decrease costs and increase profitability.” 10-K for 2025
Our summaryThe company started a restructuring plan to put more research and development money into data center and less into new products for other markets, including canceling some future product releases.
Word for word“For example, a restructuring plan was initiated during the third quarter of fiscal 2025 to increase research and development investment in the data center end market and reduce the investment in new product development in other end markets including the cancellation of certain future product releases.” 10-K for 2026
Our summaryThe company recorded restructuring related charges for fiscal 2025, including asset impairments.
Word for word“We recognized $711.8 million of restructuring related charges during fiscal 2025.” 10-K for 2026
Our summaryThe company recorded net restructuring charges in fiscal 2026 while it kept reviewing operations to improve efficiency and cut costs.
Word for word“We recognized net restructuring related charges of $15.5 million in fiscal 2026 as we continued to evaluate our existing operations to increase operational efficiency, decrease costs and increase profitability.” 10-K for 2026
| Fiscal year ended | Severance costs | Restructuring charges | Cash paid for restructuring |
|---|---|---|---|
| 2020-02-01 | $31.2 million | — | — |
| 2021-01-30 | $38.5 million | — | $57 million |
| 2022-01-29 | $24.1 million | $32.4 million | $30.6 million |
| 2023-01-28 | $15.5 million | $21.6 million | $16.6 million |
| 2024-02-03 | $93.9 million | $131.1 million | — |
| 2025-02-01 | $26.3 million | $185.3 million | $41.8 million |
| 2026-01-31 | $7 million | $30 million | $101.6 million |
Marvell Technology 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 Marvell Technology’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 2026-03-11. 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.