Sensata Technologies Holding layoffs, on the record
Every job cut, severance charge and restructuring Sensata Technologies Holding reported in its annual reports, 2023 to 2025, quoted from the filings.
Job cuts, severance and restructuring
Our summaryCommitted to a plan to reorganize the business (the Q3 2023 Plan), consisting of voluntary and involuntary reductions-in-force, site closures, and other cost-savings initiatives.
Word for word“In addition, we committed to a plan to reorganize our business (the "Q3 2023 Plan"), which consisted of voluntary and involuntary reductions-in-force, site closures, and other cost-savings initiatives.” 10-K for 2023
Our summaryReductions-in-force under the Q3 2023 Plan are expected to affect 466 positions.
Word for word“The reductions-in-force, which are subject to the laws and regulations of the countries in which the actions are planned, are expected to impact 466 positions.” 10-K for 2023
Our summaryExpected restructuring charges under the Q3 2023 Plan over its life; the amount is cut off in the text provided.
Word for word“Over the life of the Q3 2023 Plan, we expect to incur restructuring charges of between $20.5” 10-K for 2023
Our summaryExited the marine energy storage business of Spear Power Systems as part of restructuring activity.
Word for word“In the year ended December 31, 2023, we exited the marine energy storage business (the "Marine Business") of Spear Power Systems ("Spear").” 10-K for 2023
Our summaryRecorded a non-cash goodwill impairment of the Insights reporting unit, driven partly by restructuring actions taken in the third and fourth quarters of 2023.
Word for word“Based on this analysis, we determined that as of October 1, 2023, goodwill related to our Insights reporting unit was impaired, and in the fourth quarter of 2023, we recorded a $321.7 million non-cash impairment charge, representing the entire goodwill balance allocated to Insights.” 10-K for 2023
Our summaryThe company recognized a loss on the sale of the Insights business, presented within restructuring and other charges, net.
Word for word“In the year ended December 31, 2024, we recognized a loss on sale of approximately $98.8 million, presented in restructuring and other charges, net in our consolidated state” 10-K for 2024
Our summaryRestructuring and other charges, net increased, driven by the loss on the sale of the Insights business.
Word for word“This decrease was primarily driven by a decrease in revenue, an increase of $94.7 million in restructuring and other charges, net, driven by the loss on the sale of the Insights business, and a $41.5 million increase in selling, general and administrative ("SG&A") costs.” 10-K for 2024
Our summaryThe company recorded restructuring charges in 2024 for its IT operations and product lifecycle management, including discontinuing product lines in the Industrials segment.
Word for word“2. Fiscal year 2024 included (1) certain actions related to restructuring of our IT operations and product lifecycle management including product line discontinuations within the Industrials segment, resulting in total costs of $46.7 million, including severance, contract termination costs, and charges related to asset write-downs, (2) approximately $105.8 million, of other various restructuring-related charges, including those related to our 2H 2024 Plan, (3) approximately $12.6 million of costs associated with exiting Spear, primarily recorded in restructuring and other charges, net, and (4) a $6.2 million pension settlement charge, recorded in restructuring and other charges, net.” 10-K for 2025
| Fiscal year ended | Severance costs | Restructuring charges | Cash paid for restructuring |
|---|---|---|---|
| 2016-12-31 | $813,000 | — | — |
| 2017-12-31 | $11.1 million | — | — |
| 2018-12-31 | $7.6 million | — | — |
| 2019-12-31 | $29.2 million | $29.2 million | $21.1 million |
| 2020-12-31 | — | $26.9 million | $27.8 million |
| 2021-12-31 | — | $6.7 million | $14.1 million |
Sensata Technologies Holding filed 1 restructuring notice (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Sensata Technologies Holding’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 2026-02-27. 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.