Semtech layoffs, on the record
Every job cut, severance charge and restructuring Semtech reported in its annual reports, 2024 to 2026, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2024 | 1,917 full-time employees worldwide | As of January 28, 2024 |
| 10-K for 2025 | 1,838 | As of January 26, 2025 |
| 10-K for 2026 | 1,920 full-time employees | As of January 25, 2026 |
Job cuts, severance and restructuring
Our summaryHeadcount decreased mainly due to structural reorganization actions to reduce the workforce as cost-saving measures and to align internal resources, including synergies from the Sierra Wireless Acquisition.
Word for word“The decrease in headcount was primarily related to structural reorganization actions to reduce our workforce as a result of cost-saving measures and internal resource alignment including from the realization of synergies of the Sierra Wireless Acquisition.” 10-K for 2024
Our summaryRestructuring expenses decreased for fiscal 2025 because the reorganization actions taken mainly in the prior fiscal year reduced the workforce; restructuring expense was $4,944 thousand in fiscal 2025 versus $23,775 thousand in fiscal 2024.
Word for word“Restructuring expenses decreased $18.8 million for fiscal year 2025 compared to fiscal year 2024 due to the reorganization actions primarily taken in the prior fiscal year to reduce our workforce as a result of cost-saving measures and internal resource alignment including from the realization of synergies of the Sierra Wireless Acquisition.” 10-K for 2025
Our summaryThe company recorded restructuring expenses for reorganization actions that cut its workforce as part of cost-saving measures and resource alignment.
Word for word“Restructuring expenses were $4.2 million and $4.9 million for fiscal years 2026 and 2025, respectively, from structural reorganization actions to reduce our workforce as a result of cost-saving measures and internal resource alignment.” 10-K for 2026
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2017-01-29 | $2.3 million | $2.6 million |
| 2018-01-28 | $6.3 million | $1.6 million |
| 2019-01-27 | $695,000 | $4.4 million |
| 2020-01-26 | $2.2 million | $2.9 million |
| 2021-01-31 | −$238,000 | — |
| 2022-01-30 | $0 | — |
| 2023-01-29 | $12 million | $8.5 million |
| 2024-01-28 | $24.6 million | $22.4 million |
| 2025-01-26 | $4.9 million | $10.4 million |
| 2026-01-25 | $4.2 million | $4.3 million |
Semtech 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 Semtech’s annual reports (10-K for 2026, 10-K for 2025, 10-K for 2024) and the financial data it files with the SEC, as of 2026-03-23. 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.