Plexus layoffs, on the record
Every job cut, severance charge and restructuring Plexus reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from nearly 25,000 to over 20,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | nearly 25,000 | — |
| 10-K for 2024 | over 20,000 | — |
| 10-K for 2025 | over 20,000 | — |
Job cuts, severance and restructuring
Our summaryReduced the company's workforce, recording severance costs within restructuring and other charges in fiscal 2023.
Word for word“During fiscal 2023, the Company incurred restructuring and other charges of $ 8.9 million, which consisted of severance from the reduction of the Company's workforce and a lease agreement termination.” 10-K for 2023
Our summaryRecorded a one-time charge related to an arbitration decision in Norway over a contractual matter, with no further services provided to that customer.
Word for word“Additionally, the Company incurred a one-time, non-recurring charge of $ 14.2 million relating to an arbitration decision in Norway regarding a contractual matter.” 10-K for 2023
Our summaryRecorded restructuring and impairment charges from employee severance costs tied to a facility transition in the APAC segment.
Word for word“During fiscal 2022, the Company recorded $ 2.0 million of restructuring and impairment charges primarily due to employee severance costs associated with a facility transition in the Company's APAC segment.” 10-K for 2023
Our summaryRecorded restructuring and impairment charges for severance from a reduction of the company's workforce, mainly in the AMER and EMEA segments.
Word for word“During fiscal 2021, the Company recorded $ 3.3 million of restructuring and impairment charges which consisted of severance from the reduction of the Company's workforce, primarily in the AMER and EMEA segments.” 10-K for 2023
Our summaryClosed an engineering facility in Darmstadt, Germany and a manufacturing facility in Portland, Oregon, and incurred restructuring costs for both closures.
Word for word“In Fiscal 2024, we closed an engineering facility in Darmstadt, Germany and a manufacturing facility in Portland, Oregon, and we incurred restructuring costs associated with both closures.” 10-K for 2024
Our summaryRecorded restructuring and other charges for employee severance from a reduction in the workforce and closure costs at sites in the AMER and EMEA regions, partly offset by arbitration insurance proceeds.
Word for word“During fiscal 2024, the Company incurred restructuring and other charges of $ 20.3 million, which consisted of severance from the reduction of the Company's workforce and associated site closure costs in the AMER region and EMEA region.” 10-K for 2024
Our summaryRecorded restructuring charges for severance from a workforce reduction and a lease agreement termination.
Word for word“During fiscal 2023, the Company incurred restructuring and other charge of $ 8.9 million, which consisted of severance from the reduction of the Company's workforce and a lease agreement termination.” 10-K for 2024
Our summaryRecorded fiscal 2025 restructuring charges, mostly severance for a workforce reduction in the EMEA and AMER regions.
Word for word“During fiscal 2025, the Company incurred restructuring and other charges of $ 4.7 million, which primarily consisted of severance costs associated with a reduction of the Company's workforce in the EMEA and AMER regions.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2016-10-01 | $7 million | $6.2 million |
| 2017-09-30 | $0 | $842,000 |
| 2018-09-29 | $0 | $0 |
| 2019-09-28 | $1.7 million | — |
| 2020-10-03 | $6 million | — |
| 2021-10-02 | $3.3 million | — |
| 2022-10-01 | $2 million | — |
| 2023-09-30 | $23.1 million | — |
| 2024-09-28 | $20.3 million | — |
| 2025-09-27 | $4.7 million | — |
Plexus 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 Plexus’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 2025-11-14. 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.