Microchip Technology layoffs, on the record
Every job cut, severance charge and restructuring Microchip Technology reported in its annual reports, 2024 to 2026, quoted from the filings. Headcount went from approximately 22,300 to approximately 17,900.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2024 | approximately 22,300 | — |
| 10-K for 2025 | approximately 19,400 | — |
| 10-K for 2026 | approximately 17,900 | — |
Job cuts, severance and restructuring
Our summaryRestructuring of wafer fabrication operations, with restructuring costs recorded in fiscal 2024 tied to acquired and existing wafer fabs to increase operational efficiency.
Word for word“Restructuring expenses incurred during fiscal 2024 and fiscal 2023 include $6.2 million and $16.8 million, respectively, related to the restructuring of our wafer fabrication operations.” 10-K for 2024
Our summaryAnnounced additional restructuring actions to reduce costs, resize manufacturing operations and reduce headcount at Fab 4 and Fab 5 and the Philippines backend facility, with temporarily reduced compensation costs.
Word for word“On March 3, 2025, we announced additional restructuring actions to reduce costs, resize manufacturing operations and to reduce headcount at our Fab 4 and Fab 5 facilities and our backend manufacturing facility in the Philippines which will result in approximately $25 million in annual savings from the temporarily reduced compensation costs.” 10-K for 2025
Our summaryRecorded special charges primarily from restructuring, including employee separation costs and contract exit costs.
Word for word“During fiscal 2025, we incurred special charges and other, net of $79.2 million primarily due to restructuring expenses, including $45.7 million related to contract exit costs and $27.1 million related to employee separation costs.” 10-K for 2025
Our summaryAnnounced restructuring and cost reduction measures including closure of the Tempe, Arizona wafer fabrication facility, headcount reductions at manufacturing facilities in Oregon, Colorado Springs and the Philippines, and a 10% company-wide reduction in headcount.
Word for word“In the third and fourth quarters of fiscal 2025, the Company announced restructuring and cost reduction measures, including closure of its Tempe, Arizona wafer fabrication facility, a reduction in headcount at its manufacturing facilities in Oregon, Colorado Springs and the Philippines.” 10-K for 2025
Our summaryAnnounced a 10% company-wide reduction in employee headcount to decrease operating expenses.
Word for word“In addition, the Company announced 10 % reductions in employee headcount across the Company to decrease its operating expenses, and cancellation or modification of its LTSAs with certain wafer foundries.” 10-K for 2025
Our summaryThe company carried out a global reduction of its work force in late fiscal 2025 and finished it in the first quarter of fiscal 2026.
Word for word“In the fourth quarter of fiscal 2025, we implemented a global reduction of our work force, which we completed in the first quarter of fiscal 2026.” 10-K for 2026
Our summaryThe company put in place a business recovery plan with restructuring steps to cut costs, resize manufacturing and reduce headcount.
Word for word“In March 2025, we implemented a business recovery plan which included restructuring actions to reduce our costs, resize our manufacturing operations and reduce our headcount.” 10-K for 2026
Our summaryThe company reported restructuring-driven special charges for fiscal 2026, including the Tempe fab closure and contract exit costs.
Word for word“During fiscal 2026, we incurred special charges and other, net of $39.7 million primarily due to restructuring expenses, including $21.8 million related to the closure of our Tempe, Arizona wafer fabrication facility and $14.5 million related to contract exit costs.” 10-K for 2026
Our summaryThe company announced restructuring measures including closing the Tempe fab and cutting headcount at several manufacturing sites.
Word for word“In the third and fourth quarters of fiscal 2025, the Company announced restructuring and cost reduction measures, including closure of its Tempe, Arizona wafer fabrication facility, and a reduction in headcount at its manufacturing facilities in Oregon, Colorado Springs and the Philippines.” 10-K for 2026
Our summaryThe company incurred Fab 2 closure costs in fiscal 2026 and said other restructuring was substantially done by March 31, 2026.
Word for word“During fiscal 2026, the Company incurred costs of $ 21.8 million related to the closure of its Fab 2 wafer fabrication facility in Tempe, Arizona.” 10-K for 2026
| Fiscal year ended | Severance costs | Restructuring charges | Cash paid for restructuring |
|---|---|---|---|
| 2017-03-31 | $39.1 million | $83.2 million | $45.9 million |
| 2018-03-31 | $1.2 million | $21.9 million | $16 million |
| 2019-03-31 | $65.3 million | $0 | $64.3 million |
| 2020-03-31 | $6 million | $18 million | $21.1 million |
| 2021-03-31 | −$1.3 million | $15 million | — |
| 2022-03-31 | $600,000 | $21.1 million | — |
| 2023-03-31 | $0 | — | — |
| 2024-03-31 | $0 | — | — |
| 2025-03-31 | $27.1 million | $76.5 million | $13.2 million |
| 2026-03-31 | $900,000 | $37.2 million | $41.9 million |
Microchip Technology filed 2 restructuring notices (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Microchip 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 2026-05-21. 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.