Parker-Hannifin layoffs, on the record
Every job cut, severance charge and restructuring Parker-Hannifin reported in its annual reports, 2024 to 2026, quoted from the filings. Headcount went from approximately 61,120 to approximately 59,850.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2024 | approximately 61,120 | As of June 30, 2024 |
| 10-K for 2025 | approximately 57,950 | As of June 30, 2025 |
| 10-K for 2026 | approximately 59,850 | June 30, 2026 |
Job cuts, severance and restructuring
Our summaryThe company recorded business realignment charges, which included severance costs under its simplification initiative and plant closures, within Diversified Industrial Segment operating income.
Word for word“Business realignment charges include severance costs related to actions taken under the Company's simplification initiative aimed at reducing organizational and process complexity, as well as plant closures.” 10-K for 2024
Our summaryThe company incurred business realignment and acquisition integration charges, including severance costs under its simplification initiative, with a majority of realignment charges in Europe.
Word for word“In 2024, 2023 and 2022, a majority of the business realignment charges were incurred in Europe.” 10-K for 2024
Our summaryCompany recorded business realignment and acquisition integration charges in cost of sales, reported as $31 million in 2025 versus $34 million in 2024.
Word for word“Cost of sales also included business realignment and acquisition integration charges of $31 million and $34 million in 2025 and 2024, respectively.” 10-K for 2025
Our summaryCompany recorded business realignment and acquisition integration charges in selling, general and administrative expenses, reported as $45 million in 2025 versus $55 million in 2024.
Word for word“Selling, general and administrative expenses also included business realignment and acquisition integration charges of $45 million and $55 million in 2025 and 2024, respectively.” 10-K for 2025
Our summaryCompany incurred business realignment and acquisition integration charges, including severance under its simplification initiative, with a majority of business realignment charges incurred in Europe.
Word for word“In 2025, 2024 and 2023, a majority of the business realignment charges were incurred in Europe.” 10-K for 2025
Our summaryThe company recorded business realignment charges in 2026, 2025 and 2024, including severance costs from its simplification initiative and plant closures, mostly in EMEA.
Word for word“Business realignment charges included severance costs related to actions taken under the Company's simplification initiative aimed at reducing organizational and process complexity, as well as plant closures.” 10-K for 2026
| Fiscal year ended | Cash paid for restructuring |
|---|---|
| 2022-06-30 | $21 million |
| 2023-06-30 | $22 million |
| 2024-06-30 | $49 million |
| 2025-06-30 | $45 million |
Parker-Hannifin 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 Parker-Hannifin’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 2026-08-21. 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.