Powell Industries layoffs, on the record
Every job cut, severance charge and restructuring Powell Industries reported in its annual reports, 2023 to 2025, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 2,363 full-time employees and 362 contract employees | September 30, 2023 |
| 10-K for 2024 | 2,748 full-time employees and 439 contract employees | September 30, 2024 |
| 10-K for 2025 | 3,143 full-time employees and 315 contract employees | September 30, 2025 |
Job cuts, severance and restructuring
None of Powell Industries’s annual reports for 2023 to 2025 describes a layoff, workforce reduction or restructuring.
| Fiscal year ended | Severance costs | Restructuring charges | Cash paid for restructuring |
|---|---|---|---|
| 2016-09-30 | $7.9 million | $8.4 million | $6.8 million |
| 2017-09-30 | — | $1.3 million | $1 million |
| 2018-09-30 | — | $787,000 | — |
| 2019-09-30 | — | $11,000 | — |
| 2020-09-30 | — | $1.4 million | — |
| 2021-09-30 | — | $0 | — |
| 2022-09-30 | — | $0 | — |
Powell Industries 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 Powell Industries’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 2025-11-19. 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.