RTX (Raytheon) layoffs, on the record
Every job cut, severance charge and restructuring RTX (Raytheon) reported in its annual reports, 2022 to 2025, quoted from the filings. Headcount went from approximately 182,000 to approximately 180,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2022 | approximately 182,000 | December 31, 2022 |
| 10-K for 2023 | approximately 185,000 | December 31, 2023 |
| 10-K for 2024 | approximately 186,000 | December 31, 2024 |
| 10-K for 2025 | approximately 180,000 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryThe company said it plans to reorganize from four business segments to three in the second half of 2023, and that restructuring can bring workforce reductions.
Word for word“For example, we recently announced our plans to reorganize our current business segment structure from four to three business segments in the second half of 2023.” 10-K for 2022
Our summaryThe company explained that its restructuring costs generally come from severance tied to workforce reductions and facility exit costs.
Word for word“Restructuring costs generally arise from severance related to workforce reductions and facility exit costs.” 10-K for 2022
Our summaryRestructuring spending fell by about $0.4 billion in 2021 because 2020 severance and restructuring actions at Pratt & Whitney and Collins, driven by the COVID-19 economic environment, did not recur.
Word for word“The $0.4 billion decrease in Restructuring is primarily due to the absence of 2020 severance and restructuring actions at Pratt & Whitney and Collins related to the economic environment primarily caused by the COVID-19 pandemic, and ongoing cost reduction efforts.” 10-K for 2022
Our summaryNet income for 2022 included restructuring charges of $91 million after tax.
Word for word“• restructuring charges of $91 million, net of tax, which had an unfavorable impact on diluted EPS from continuing operations of $0.06.” 10-K for 2022
Our summaryThe company states that its restructuring actions in the Collins Aerospace segment are ongoing cost reduction efforts driven by various workforce reductions.
Word for word“Restructuring actions relate to ongoing cost reduction efforts driven by various workforce reductions.” 10-K for 2023
Our summaryThe company states that its Pratt & Whitney restructuring actions are ongoing cost reduction efforts that include facility consolidation and workforce reductions.
Word for word“Restructuring actions relate to ongoing cost reduction efforts including the consolidation of facilities and workforce reductions.” 10-K for 2023
Our summaryThe company states that its Raytheon segment restructuring actions are ongoing cost reduction efforts that include workforce reductions.
Word for word“Restructuring actions relate to ongoing cost reduction efforts including workforce reductions.” 10-K for 2023
Our summaryThe company reported net-of-tax restructuring charges that reduced 2023 diluted earnings per share from continuing operations.
Word for word“Net income from continuing operations attributable to common shareowners for 2023 includes the following: • charge associated with the Powder Metal Matter of $2.2 billion, net of tax and partner share, which had an unfavorable impact on diluted EPS from continuing operations of $1.55; • acquisition accounting adjustments of $1.6 billion, net of tax, which had an unfavorable impact on diluted EPS from continuing operations of $1.09; • restructuring charges of $193 million, net of tax, which had an unfavorable impact on diluted EPS from continuing operations of $0.13; and • charges on our contract assets and customer financing assets related to a customer insolvency of $114 million, net of tax and noncontrolling interest, which had an unfavorable impact on diluted EPS from continuing operations of $0.08.” 10-K for 2023
Our summaryRTX reported restructuring charges for 2024, which reduced net income from continuing operations.
Word for word“• restructuring charges of $0.2 billion, net of tax, which had an unfavorable impact on diluted EPS from continuing operations of $0.12; • a charge of $0.1 billion, net of tax, related to a customer bankruptcy, which had an unfavorable impact on diluted EPS from continuing operations of $0.09; and • a charge of $0.1 billion, net of tax, related to impairment of contract fulfillment costs in the fourth quarter of 2024, due to a contract cancellation at our Collins segment, which had an unfavorable impact on diluted EPS from continuing operations of $0.09.” 10-K for 2024
Our summaryPratt & Whitney carried out restructuring actions including workforce reductions and facility consolidation.
Word for word“Restructuring actions relate to ongoing cost reduction efforts including workforce reductions and the consolidation of facilities.” 10-K for 2024
Our summaryCollins Aerospace started various workforce reductions in 2025, which raised restructuring costs in selling, general, and administrative expenses.
Word for word“Selling, general, and administrative expenses increased $0.3 billion in 2025 compared to 2024, primarily driven by higher employee-related costs and higher restructuring costs related to ongoing cost reduction efforts driven by various workforce reductions initiated in 2025 at Collins.” 10-K for 2025
Our summaryRestructuring charges reduced 2025 net income attributable to common shareowners.
Word for word“Net income attributable to common shareowners for 2025 includes the following: • acquisition accounting adjustments of $1.6 billion, net of tax, which had an unfavorable impact on diluted earnings per share (EPS) of $1.15; • a pension settlement charge of $0.2 billion, net of tax, which had an unfavorable impact on diluted EPS of $0.15; and • restructuring charges of $0.2 billion, net of tax, which had an unfavorable impact on diluted EPS of $0.14.” 10-K for 2025
| Fiscal year ended | Restructuring charges |
|---|---|
| 2016-12-31 | $290 million |
| 2017-12-31 | $253 million |
| 2018-12-31 | $307 million |
| 2019-12-31 | $245 million |
| 2020-12-31 | $777 million |
| 2021-12-31 | $143 million |
RTX (Raytheon) 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 RTX (Raytheon)’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023, 10-K for 2022) and the financial data it files with the SEC, as of 2026-02-06. 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.