Masimo layoffs, on the record
Every job cut, severance charge and restructuring Masimo reported in its annual reports, 2023 to 2026, quoted from the filings. Headcount went from 3,800 to 2,200.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 3,800 | December 30, 2023 |
| 10-K for 2024 | 3,600 | December 28, 2024 |
| 10-K for 2026 | 2,200 | January 3, 2026 |
Job cuts, severance and restructuring
Our summaryProduction facility transition to Asia with related transition, relocation, transportation, setup and severance costs, plus additional cost reduction initiatives.
Word for word“In addition, during the fourth quarter of 2023, we incurred approximately $5.0 million of certain transition, relocation, transportation, setup and severance costs associated with the transition of one of our production facilities to Asia, and additional cost reduction initiatives.” 10-K for 2023
Our summaryStrategic realignment initiative included severance packages for workforce reductions, with $31.0 million of related costs in SG&A for the year.
Word for word“and $31.0 million of additional costs associated with the strategic realignment initiative, which include charges for severance packages related to workforce reductions, facility exit costs and lease impairments, and charges for patent and license abandonments.” 10-K for 2024
Our summaryResearch and development expense included costs for severance packages related to workforce reductions under the strategic realignment initiative.
Word for word“In addition, for the year ended December 28, 2024, research and development expense included costs for certain charges related to the strategic realignment initiative, including charges for severance packages related to workforce reductions and the write off of certain capitalized research and development costs for projects and products that are no longer being supported and/or expected to be brought to market.” 10-K for 2024
Our summaryStrategic realignment initiative charges recorded in the three months ended December 28, 2024, including accrued severance for workforce reductions.
Word for word“The impact of the strategic realignment initiative resulted in charges of approximately $ 128.0 million for the three months ended December 28, 2024, which have been reflected as cost of goods sold for approximately $ 61.0 million, as selling, general and administrative expenses for approximately $ 31.0 million, and as research and development for approximately $ 36.0 million in the accompanying consolidated statements of operations.” 10-K for 2024
Our summaryIn fiscal 2024, the company recorded strategic realignment charges in research and development expenses, mainly severance for workforce reductions and write-offs of capitalized costs for projects no longer supported.
Word for word“Included within research and development expenses for the year ended December 28, 2024, was certain strategic realignment initiative charges of $36.0 million, primarily consisting of severance packages related to workforce reductions, the write off of capitalized research and development costs for projects and products that are no longer being supported and/or expected to be brought to market.” 10-K for 2026
Masimo 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 Masimo’s annual reports (10-K for 2026, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-27. 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.