Phinia layoffs, on the record
Every job cut, severance charge and restructuring Phinia reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 12,700 to 12,500.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2024 | 12,700 | As of December 31, 2024 |
| 10-K for 2025 | 12,500 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryThe company recorded restructuring expense, primarily related to employee benefit costs, in 2023 and 2022.
Word for word“Restructuring expense was $12 million and $11 million for the years ended December 31, 2023 and 2022, respectively, primarily related to employee benefit costs.” 10-K for 2023
Our summaryRecorded restructuring costs for individually approved actions that mainly reduced headcount in the Fuel Systems segment.
Word for word“For the years ended December 31, 2024, 2023, and 2022, the Company recorded $ 14 million, $ 12 million and $ 11 million, respectively, of restructuring costs for individually approved restructuring actions that primarily related to reductions in headcount in the Fuel Systems segment.” 10-K for 2024
Our summaryThe company recorded restructuring expense of $17 million in 2025, up from $14 million in 2024.
Word for word“Restructuring expense was $17 million and $14 million for the year ended December 31, 2025 and 2024, respectively.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2021-12-31 | $55 million | — |
| 2022-12-31 | $11 million | $50 million |
| 2023-12-31 | $12 million | $23 million |
| 2024-12-31 | $14 million | $17 million |
| 2025-12-31 | $17 million | $18 million |
Phinia 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 Phinia’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 2026-02-12. 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.