Matrix Service layoffs, on the record
Every job cut, severance charge and restructuring Matrix Service reported in its annual reports, 2024 to 2026, quoted from the filings. Headcount went from 2,064 to 2,370.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2024 | 2,064 | June 30, 2024 |
| 10-K for 2025 | 2,239 | June 30, 2025 |
| 10-K for 2026 | 2,370 | June 30, 2026 |
Job cuts, severance and restructuring
Our summaryFiscal 2024 restructuring costs of $0.5 million were incurred under the business improvement plan, consisting of severance and other personnel-related costs.
Word for word“The Company incurred $0.5 million of restructuring costs during fiscal 2024.” 10-K for 2024
Our summaryFiscal 2023 restructuring costs of $3.1 million were incurred under the restructuring plan, including severance and other personnel-related costs and the closure of an underperforming office.
Word for word“During fiscal 2023, we incurred $3.1 million of restructuring costs, which included severance and other personnel-related costs in connection with our restructuring plan and our closure of an underperforming office.” 10-K for 2024
Our summaryCumulative restructuring costs since inception of the business improvement plan were reported, with severance and other personnel-related costs totaling $18.2 million.
Word for word“Severance and other personnel-related costs $ 501 $ 2,787 $ 596 $ 18,202 Total facility costs — 216 33 4,746 Total other intangible asset impairments — — — 1,525 Other costs — 139 17 582 Total restructuring costs $ 501 $ 3,142 $ 646 $ 25,055” 10-K for 2024
Our summaryImplemented an organizational restructuring plan in the fourth quarter of fiscal 2025 to create a flatter, leaner organization by eliminating senior-level positions, streamlining engineering and construction services, and decentralizing parts of business development.
Word for word“In the fourth quarter of fiscal 2025, we implemented an organizational restructuring plan to create a flatter, leaner organization by eliminating senior-level positions, streamlining our engineering and construction services, and decentralizing elements of our business development organization.” 10-K for 2025
Our summaryIncurred restructuring costs consisting primarily of severance and other personnel-related costs under the fiscal 2025 restructuring plan.
Word for word“As a result of this restructuring we incurred certain costs, consisting primarily of severance and other personnel-related costs, which totaled 3.6 million for fiscal year 2025.” 10-K for 2025
Our summaryExpanded the restructuring plan in the first quarter of fiscal 2026 to further integrate engineering and construction services, consolidate service lines, and close an under-performing office.
Word for word“In the first quarter of fiscal 2026, we expanded this plan to further integrate our engineering and construction services, consolidate service lines, and close an under-performing office, among other changes.” 10-K for 2025
Our summaryIncurred restructuring costs associated with the expanded fiscal 2026 restructuring actions.
Word for word“We incurred approximately $3.5 million of restructuring costs during the first quarter of fiscal 2026 associated with these actions.” 10-K for 2025
Our summaryThe company began an organizational restructuring plan to create a flatter, leaner organization by eliminating certain senior-level positions, streamlining engineering and construction services, and decentralizing business development.
Word for word“In the fourth quarter of fiscal 2025, we commenced an organizational restructuring plan to create a flatter, leaner organization by eliminating certain senior-level positions, streamlining our engineering and construction services, and decentralizing elements of our business development organization.” 10-K for 2026
Our summaryThe company continued the restructuring plan by integrating engineering and construction services, consolidating service lines, and closing an under-performing office.
Word for word“In the first quarter of fiscal 2026, we continued the organizational restructuring plan to further integrate our engineering and construction services, consolidate service lines, and close an under-performing office, among other changes.” 10-K for 2026
Our summaryThe company took further cost-cutting action that eliminated multiple positions, including the Chief Administrative Officer role.
Word for word“During the fourth quarter of fiscal 2026, we took further action aimed at reducing our cost structure, which included eliminating multiple positions, including the Chief Administrative Officer position.” 10-K for 2026
Our summaryThe company recorded restructuring costs and other for fiscal 2026, including CEO and CFO transition costs, severance for other personnel, and lease impairments.
Word for word“The Company incurred $10.0 million of costs during fiscal 2026 related to organizational restructuring and other related costs.” 10-K for 2026
| Fiscal year ended | Severance costs | Restructuring charges | Cash paid for restructuring |
|---|---|---|---|
| 2018-06-30 | — | $0 | — |
| 2019-06-30 | — | $0 | — |
| 2020-06-30 | — | — | −$6.4 million |
| 2020-12-31 | $13 million | $18.7 million | — |
| 2021-06-30 | $5.5 million | $6.8 million | $3.5 million |
| 2022-06-30 | $596,000 | $646,000 | — |
| 2023-06-30 | $2.8 million | $3.1 million | — |
| 2024-06-30 | $501,000 | — | — |
| 2025-06-30 | $3.4 million | — | — |
Matrix Service 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 Matrix Service’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 2026-09-03. 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.