Penumbra layoffs, on the record
Every job cut, severance charge and restructuring Penumbra reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 4,200 to approximately 4,700.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 4,200 | December 31, 2023 |
| 10-K for 2024 | approximately 4,500 | December 31, 2024 |
| 10-K for 2025 | approximately 4,700 | As of December 31, 2025 |
Job cuts, severance and restructuring
Our summaryDecided to wind down and exit the Immersive Healthcare business, recording impairment and other charges, including severance and other associated costs.
Word for word“During the year ended December 31, 2024, we made the strategic decision to wind down and exit our Immersive Healthcare business, and as a result we incurred $115.3 million in impairment and other charges in connection with this decision.” 10-K for 2024
Our summaryThe company decided to wind down and exit its immersive healthcare business and recorded restructuring charges for severance and other associated costs, all of which were paid in the fourth quarter of 2024.
Word for word“As a result, during the three and nine months ended September 30, 2024, the Company incurred $ 5.0 million in restructuring and related charges for severance and other associated costs related to the wind down of the immersive healthcare business.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Restructuring costs incurred |
|---|---|---|
| 2024-12-31 | $5 million | $115.3 million |
| 2025-12-31 | — | $0 |
Penumbra 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 Penumbra’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 2026-02-25. 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.