Merit Medical Systems layoffs, on the record
Every job cut, severance charge and restructuring Merit Medical Systems reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 6,950 to approximately 7,500.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 6,950 | December 31, 2023 |
| 10-K for 2024 | approximately 7,400 | December 31, 2024 |
| 10-K for 2025 | approximately 7,500 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryThe company recorded restructuring charges consisting primarily of termination benefits for employees affected by site consolidation and production line optimization transfers under its transformation initiatives.
Word for word“We recorded restructuring charges of $ 3.1 million, $ 2.7 million and $ 7.2 million for the years ended December 31, 2024, 2023 and 2022, respectively.” 10-K for 2024
Our summaryThe company reported a restructuring reserve balance for employee termination and related exit costs at the end of each year.
Word for word“The restructuring reserve balance as of December 31, 2024 and 2023 was $ 1.1 million and $ 4.1 million, respectively.” 10-K for 2024
Our summaryThe company recorded restructuring charges, mainly termination benefits tied to site consolidation and production line optimization transfers, of $5.9 million in 2025, $3.1 million in 2024 and $2.7 million in 2023.
Word for word“We recorded restructuring charges of $ 5.9 million, $ 3.1 million and $ 2.7 million for the years ended December 31, 2025, 2024 and 2023, respectively.” 10-K for 2025
| Fiscal year ended | Restructuring charges |
|---|---|
| 2022-12-31 | $7.2 million |
| 2023-12-31 | $2.7 million |
| 2024-12-31 | $3.1 million |
| 2025-12-31 | $5.9 million |
Merit Medical Systems 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 Merit Medical Systems’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 2026-02-24. 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.