Primo Brands layoffs, on the record
Every job cut, severance charge and restructuring Primo Brands reported in its annual reports, 2024 to 2025, quoted from the filings. Headcount went from approximately 13,700 to over 12,600.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2024 | approximately 13,700 | As of December 31, 2024 |
| 10-K for 2025 | over 12,600 | As of December 31, 2025 |
Job cuts, severance and restructuring
Our summaryBoard authorized cost cutting measures after the Transaction closed, including a reduction in force, called Restructuring Initiatives, expected to be substantially completed by end of 2026.
Word for word“In connection with the closing of the Transaction, the Board authorized a series of cost cutting measures, including a reduction in force (collectively, the “Restructuring Initiatives”), which is in the process of being actioned.” 10-K for 2024
Our summaryCompany recorded employee severance and termination related benefits as part of integration and restructuring expenses.
Word for word“Employee severance and termination related benefits 47.3 9.2 18.6 Total integration and restructuring expenses 95.4 14.5 83.8 Total acquisition, integration and restructuring expenses $ 204.1 $ 16.9 $ 83.8 The following table reflects the activity related to the restructuring accrual for the periods presented: 2024 2023 Balance as of January 1, $ 2.7 $ 0.9 Charges incurred 47.3 9.2 Payments made ( 3.6 ) ( 7.4 ) Balance as of December 31, $ 46.4 $ 2.7 F-40 Table of Contents NOTE 19— HEDGING TRANSACTIONS AND DERIVATIVE FINANCIAL INSTRUMENTS The Company is directly and indirectly affected by changes in foreign currency market conditions and commodity prices on items such as diesel fuel and petroleum-based products.” 10-K for 2024
Our summaryCompany recorded integration expenses including severance charges and consulting fees tied to integration initiatives.
Word for word“Additionally, we have incurred $95.4 million related to integration initiatives, including severance charges and consulting fees, during the year ended December 31, 2024.” 10-K for 2024
Our summaryAfter the Transaction closed, the Board authorized a series of cost cutting measures continuing through 2026, with expected restructuring charges that include one-time cash termination benefits, facility decommissioning and early lease terminations.
Word for word“These restructuring costs are expected to result in a range of approximately $ 75.0 million to $ 100.0 million of aggregate charges, which are anticipated to include $ 47.0 million to $ 55.0 million of one-time cash termination benefits as well as costs associated with the decommissioning of facilities and the early termination of leases.” 10-K for 2025
Our summaryThe company reported the amount of one-time cash termination benefits it had incurred under the plan and said it expects no more.
Word for word“As of December 31, 2025, management had incurred $ 42.6 million in total of one-time cash termination benefits associated with the plan and does not expect to incur any incremental one-time cash termination benefits going forward.” 10-K for 2025
| Fiscal year ended | Severance costs | Restructuring charges | Cash paid for restructuring |
|---|---|---|---|
| 2022-12-31 | — | $18.6 million | — |
| 2023-12-31 | $9.2 million | $9.2 million | $7.4 million |
| 2024-12-31 | $47.3 million | $47.3 million | $3.6 million |
| 2025-12-31 | −$4.7 million | $12.1 million | $42.4 million |
Primo Brands 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 Primo Brands’s annual reports (10-K for 2025, 10-K for 2024) and the financial data it files with the SEC, as of 2026-02-27. 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.