McCormick layoffs, on the record
Every job cut, severance charge and restructuring McCormick reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 13,800 to approximately 14,100.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 13,800 | November 30, 2023 |
| 10-K for 2024 | approximately 14,100 | November 30, 2024 |
| 10-K for 2025 | approximately 14,100 | November 30, 2025 |
Job cuts, severance and restructuring
Our summarySpecial charges recognized for employee severance and related benefits, reported by fiscal year.
Word for word“The following is a summary of special charges recognized for the years ended November 30 (in millions): 2024 2023 2022 Employee severance and related benefits in the income statement $ 2.7 $ 34.4 $ 33.8 Other costs in the income statement Cash 6.8 24.6 7.4 Non-Cash — 2.2 24.0 Total special charges $ 9.5 $ 61.2 $ 65.2 Gain on sale of exited brand — — ( 13.6 ) Total special charges $ 9.5 $ 61.2 $ 51.6 The following is a summary of special charges by business segments for the years ended November 30 (in millions): 2024 2023 2022 Consumer segment $ 3.4 $ 35.8 $ 23.9 Flavor solutions segment 6.1 25.4 27.7 Total special charges $ 9.5 $ 61.2 $ 51.6 As of November 30, 2024 and 2023, reserves associated with special charges of $ 2.7 million and $ 25.2 million respectively, are included in "Other accrued liabilities" in our consolidated balance sheet.” 10-K for 2024
Our summaryA voluntary retirement plan was offered in the U.S.; eligible employees submitted notifications, and the company accrued additional special charges that were paid in fiscal 2023.
Word for word“This voluntary retirement plan commenced in November 2022 and participants were required to submit their notifications by December 30, 2022.” 10-K for 2024
Our summaryMcCormick recorded employee severance and related benefit costs for global selling, general and administrative streamlining actions approved by its Management Committee, plus costs for other actions.
Word for word“During 2025, we recognized $ 19.2 million of special charges, consisting of $ 15.9 million in employee severance and related benefit costs related to global selling, general and administrative streamlining actions approved by our Management Committee and $ 3.3 million associated with other actions.” 10-K for 2025
Our summaryMcCormick recorded special charges in 2024 tied to its Global Operating Effectiveness program and the transition of a manufacturing facility in EMEA.
Word for word“During 2024, we recognized $ 9.5 million of special charges, consisting of $ 4.5 million associated with our GOE program, as more fully described below, and $ 5.0 million associated with the transition of a manufacturing facility in EMEA, as more fully described below.” 10-K for 2025
Our summaryMcCormick ran a voluntary retirement plan as part of its Global Operating Effectiveness program, which had a total cost of $52.9 million, mostly employee severance and related benefits.
Word for word“The total cost of the GOE program, which was recognized as special charges in our consolidated income statement during the three year period ending November 30, 2024, was $ 52.9 million, primarily including employee severance and related benefit costs.” 10-K for 2025
Our summaryMcCormick consolidated its United Kingdom manufacturing operations into a new condiments manufacturing and distribution center, with costs including employee severance.
Word for word“The total cost of this initiative was $ 41.4 million which was recognized as special charges in our consolidated income statement through 2024, including employee severance and related benefit costs, accelerated depreciation, equipment relocation costs, decommissioning and other property related lease exit costs.” 10-K for 2025
McCormick 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 McCormick’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 2026-01-22. 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.