Rayonier Advanced Materials layoffs, on the record
Every job cut, severance charge and restructuring Rayonier Advanced Materials reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 2,800 to approximately 2,325.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 2,800 | December 31, 2023 |
| 10-K for 2024 | approximately 2,350 | As of December 31, 2024 |
| 10-K for 2025 | approximately 2,325 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryCorporate segment incurred one-time severance costs in 2022, which the filing cites as a driver of the lower 2023 Corporate operating loss.
Word for word“Our Corporate operating loss decreased $1 million in 2023 compared to 2022 driven by lower variable compensation and other benefit costs and one-time severance costs incurred in 2022, largely offset by unfavorable foreign exchange rates in 2023 as compared to favorable rates in 2022.” 10-K for 2023
Our summaryThe company reported a severance line item in its Adjusted EBITDA reconciliation, with no severance amount in 2023 and a $4 million amount in 2022.
Word for word“Severance — 4 Gain on debt extinguishment — (1) Adjusted EBITDA-continuing operations $ 139 $ 177 33 Table of Contents EBITDA from continuing operations decreased $98 million, primarily driven by the $62 million non-cash asset impairment recorded on certain High Purity Cellulose assets in the fourth quarter of 2023, the decrease in net sales across all segments and increased labor and wood costs in our High Purity Cellulose and High-Yield Pulp segments, respectively, partially offset by lower key input and logistics costs in our High Purity Cellulose and Paperboard segments.” 10-K for 2023
Our summaryThe company indefinitely suspended operations at its Temiscaming High Purity Cellulose plant, which included severance and other employee costs.
Word for word“The following table presents total indefinite suspension charges incurred by cost type: Year Ended December 31, 2024 Mothballing costs $ 5,710 Severance and other employee costs 6,133 Loss on asset disposal 975 Other suspension costs 3,812 Indefinite suspension charges (a) $ 16,630 (a) Includes non-cash charges of (i) a $ 2 million write-off of deferred shutdown costs, (ii) $ 2 million for potential contract penalties, (iii) a loss on asset disposal of $ 1 million and (iv) a $ 1 million loss on pension curtailment charges associated with early retirements driven by the indefinite suspension of operations.” 10-K for 2024
Our summaryThe company recorded an accrued liability for severance and other employee costs tied to the indefinite suspension, with a balance remaining at year end.
Word for word“The following table presents the accrued liability balance activity related to the indefinite suspension during the year ended December 31, 2024: Mothballing Costs Severance and Other Employee Costs Total Balance at December 31, 2023 $ — $ — $ — Charges incurred (a) 5,710 5,403 11,113 Payments ( 4,733 ) ( 393 ) ( 5,126 ) Balance at December 31, 2024 $ 977 $ 5,010 $ 5,987 (a) Excludes non-cash items. See below.” 10-K for 2024
Our summaryThe company recognized a non-cash asset impairment on the Temiscaming plant after the indefinite suspension, and said severance costs will be paid over time.
Word for word“In the third quarter of 2024, in conjunction with the indefinite suspension of operations, the Company recognized a non-cash asset impairment of $ 25 million, as it was determined that the Temiscaming High Purity Cellulose plant's net carrying value exceeded its estimated fair value.” 10-K for 2024
Our summaryThe company indefinitely suspended operations in 2024 and recorded one-time charges, including mothballing costs and severance and other employee costs.
Word for word“Since the start of the indefinite suspension in 2024, the Company has incurred total one-time operating charges of $ 18 million, including $ 7 million of mothballing costs, $ 6 million of severance and other employee costs and $ 5 million of other costs.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2022-12-31 | $0 | — |
| 2023-12-31 | $0 | — |
| 2024-12-31 | $16.6 million | $5.1 million |
| 2025-12-31 | $1.3 million | $6.6 million |
Rayonier Advanced Materials 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 Rayonier Advanced Materials’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 2026-03-05. 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.