Pentair layoffs, on the record
Every job cut, severance charge and restructuring Pentair reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 10,500 to approximately 9,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 10,500 | As of December 31, 2023 |
| 10-K for 2024 | approximately 9,750 | As of December 31, 2024 |
| 10-K for 2025 | approximately 9,000 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryRestructuring and Transformation Program initiatives included a reduction in hourly and salaried headcount in 2023.
Word for word“Restructuring and Transformation Program initiatives during the years ended December 31, 2023, 2022 and 2021 included a reduction in hourly and salaried headcount of approximately 475 employees, 625 employees and 75 employees, respectively.” 10-K for 2023
Our summaryRestructuring and transformation costs were recorded in 2023, including severance and related costs of $8.2 million under restructuring initiatives and $6.9 million under the Transformation Program.
Word for word“Restructuring and transformation-related costs included within Cost of goods sold and Selling, general and administrative expenses in the Consolidated Statements of Operations and Comprehensive Income included the following: Years ended December 31 In millions 2023 2022 2021 Restructuring Initiatives Severance and related costs $ 8.2 $ 17.7 $ 7.0 Asset impairment and write-offs (1) 3.8 25.6 — Other restructuring costs and related adjustments (2) ( 6.0 ) 13.0 0.4 Total restructuring costs 6.0 56.3 7.4 Transformation Program Severance and related costs 6.9 3.4 — Other transformation costs (3) 37.8 23.8 11.7 Total transformation costs 44.7 27.2 11.7 Total restructuring and transformation costs $ 50.7 $ 83.5 $ 19.1” 10-K for 2023
Our summaryIn 2023 the company executed business restructuring initiatives aimed at reducing its fixed cost structure and realigning its business, with actions expected to continue into 2024.
Word for word“In 2023, we executed certain business restructuring initiatives aimed at reducing our fixed cost structure and realigning our business.” 10-K for 2023
Our summaryRestructuring costs of $9.1 million were recorded in SG&A in 2023, compared to $36.7 million in 2022.
Word for word“and • restructuring costs of $9.1 million in 2023, compared to $36.7 million in 2022.” 10-K for 2023
Our summaryAccrued severance liability was reduced by cash payments during 2023, with an ending balance recorded in other current liabilities.
Word for word“Activity related to accrued severance and related costs recorded in Other current liabilities in the Consolidated Balance Sheets is summarized as follows: Years ended December 31 In millions 2023 2022 Beginning balance $ 23.2 $ 10.7 Costs incurred 15.1 21.1 Cash payments and other ( 24.9 ) ( 8.6 ) Ending balance $ 13.4 $ 23.2” 10-K for 2023
Our summaryPentair reduced hourly and salaried headcount under its restructuring and Transformation Program activities during 2024.
Word for word“Restructuring and Transformation Program initiatives during the years ended December 31, 2024, 2023 and 2022 included a reduction in hourly and salaried headcount of approximately 575 employees, 475 employees and 625 employees, respectively.” 10-K for 2024
Our summaryPentair executed business restructuring initiatives in 2024 aimed at reducing its fixed cost structure and realigning the business, with severance and restructuring costs recorded.
Word for word“Restructuring and transformation-related costs included within Cost of goods sold and Selling, general and administrative expenses in the Consolidated Statements of Operations and Comprehensive Income included the following: Years ended December 31 In millions 2024 2023 2022 Restructuring Initiatives Severance and related costs $ 34.5 $ 8.2 $ 17.7 Asset impairment and write-offs (1) 9.9 3.8 25.6 Other restructuring costs and related adjustments (2) ( 0.9 ) ( 6.0 ) 13.0 Total restructuring costs 43.5 6.0 56.3 Transformation Program Severance and related costs 0.7 6.9 3.4 Asset impairment and write-offs (1) 7.7 0.4 — Other transformation costs (3) 51.4 37.4 23.8 Total transformation costs 59.8 44.7 27.2 Total restructuring and transformation costs $ 103.3 $ 50.7 $ 83.5 (1) Consists of inventory and long-lived asset impairments and write-offs associated with restructuring or transformation activities.” 10-K for 2024
Our summaryPentair recorded a pension settlement and curtailment tied to a headcount reduction in one of its pension plans as part of transformation initiatives.
Word for word“(1) The settlement and curtailment in 2024 related to a reduction in headcount in one of our pension plans as a result of ongoing transformation initiatives.” 10-K for 2024
Our summaryPentair recorded a reduction in accrued severance liability and related severance activity within its restructuring program during 2024.
Word for word“Activity related to accrued severance and related costs recorded in Other current liabilities in the Consolidated Balance Sheets is summarized as follows: Years ended December 31 In millions 2024 2023 Beginning balance $ 13.4 $ 23.2 Costs incurred 35.2 15.1 Cash payments and other ( 29.9 ) ( 24.9 ) Ending balance $ 18.7 $ 13.4” 10-K for 2024
Our summaryRestructuring and Transformation Program initiatives reduced hourly and salaried headcount in 2025, 2024 and 2023.
Word for word“Restructuring and Transformation Program initiatives during the years ended December 31, 2025, 2024 and 2023 included a reduction in hourly and salaried headcount of approximately 325 employees, 575 employees and 475 employees, respectively.” 10-K for 2025
Our summaryThe company executed business restructuring initiatives in 2025 to reduce its fixed cost structure and realign the business, and expects them to continue into 2026.
Word for word“In 2025, we executed certain business restructuring initiatives aimed at reducing our fixed cost structure and realigning our business.” 10-K for 2025
Our summaryRestructuring costs recorded in selling, general and administrative expense were lower in 2025 than in 2024.
Word for word“This increase was partially offset by: • restructuring costs of $31.3 million in 2025, compared to $34.4 million in 2024; • transformation costs of $41.0 million in 2025, compared to $52.0 million in 2024; and • asset impairment charges of $1.1 million in 2025, compared to $6.3 million in 2024.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Restructuring costs incurred | Cash paid for restructuring |
|---|---|---|---|
| 2016-12-31 | $12.2 million | $24.5 million | $36.2 million |
| 2017-12-31 | $28.2 million | $27.3 million | $7.9 million |
| 2018-12-31 | $40.6 million | $13.2 million | $20.6 million |
| 2019-12-31 | $14 million | $11.7 million | $22.6 million |
| 2020-12-31 | $14.1 million | $9.7 million | $10.7 million |
| 2021-12-31 | $7.4 million | $7 million | $11.5 million |
| 2022-12-31 | $56.3 million | $21.1 million | $8.6 million |
| 2023-12-31 | $6 million | $15.1 million | $24.9 million |
| 2024-12-31 | $43.5 million | $35.2 million | $29.9 million |
| 2025-12-31 | $36.7 million | $27.4 million | $32.1 million |
Pentair 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 Pentair’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.