Sensient Technologies layoffs, on the record
Every job cut, severance charge and restructuring Sensient Technologies reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 3,956 to 4,070.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 3,956 | December 31, 2023 |
| 10-K for 2024 | 4,014 | As of December 31, 2024 |
| 10-K for 2025 | 4,070 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryThe company ran a portfolio optimization plan that incurred restructuring and other costs in 2023, which it excludes from non-GAAP results.
Word for word“2023 results were negatively impacted by $27.8 million ($27.4 million after tax, $0.65 per share) of portfolio optimization plan costs.” 10-K for 2023
Our summaryThe cash flow statement reports portfolio optimization plan costs as an operating cash adjustment for 2023.
Word for word“Portfolio optimization plan costs 24,089 — — Deferred income taxes ( 5,100 ) ( 11,010 ) ( 6,071 ) Changes in operating asset” 10-K for 2023
Our summaryThe company recorded 2021 restructuring costs, including employee severance and other restructuring charges, within selling and administrative expenses across its segments and Asia Pacific.
Word for word“us-gaap:EmployeeSeveranceMember sxt:AsiaPacificSegmentMember us-gaap:SellingGeneralAndAdministrativeExpensesMember 2021-01-01 2021-12-31” 10-K for 2023
Our summaryPortfolio Optimization Plan in which the company anticipated reducing headcount by about 100 positions, mainly in the Flavors & Extracts and Color segments, for certain production and selling and administrative roles.
Word for word“The Company anticipates it would reduce headcount by approximately 100 positions, primarily in the Flavors & Extracts and Color segments, related to certain production and selling and administrative positions.” 10-K for 2024
Our summaryPortfolio Optimization Plan expenses for 2024 included employee separation costs recorded in selling and administrative expenses.
Word for word“The following table summarizes the Portfolio Optimization Plan expenses by segment for the year ended December 31, 2024: (In thousands) Flavors & Extracts Color Corporate & Other Consolidated Non-cash impairment charges – Selling and administrative expenses $ - $ 1,129 $ - $ 1,129 Non-cash charges – Cost of products sold 934 ( 194 ) - 740 Employee separation – Selling and administrative expenses 1,450 583 26 2,059 Other production costs – Cost of products sold 622 - - 622 Other costs – Selling and administrative expenses (1) 1,813 382 ( 114 ) 2,081 Total $ 4,819 $ 1,900 $ ( 88 ) $ 6,631 (1) Other costs include professional services, decommissioning costs, and other related costs.” 10-K for 2024
Our summaryPortfolio Optimization Plan expenses for 2023 included employee separation costs recorded in selling and administrative expenses.
Word for word“The following table summarizes the Portfolio Optimization Plan expenses by segment for the year ended December 31, 2023: (In thousands) Flavors & Extracts Color Corporate & Other Consolidated Non-cash impairment charges – Selling and administrative expenses $ 11,599 $ 9,355 $ - $ 20,954 Non-cash charges – Cost of products sold 2,040 1,095 - 3,135 Employee separation – Selling and administrative expenses 2,820 288 108 3,216 Other costs – Selling and administrative expenses (1) 39 497 - 536 Total $ 16,498 $ 11,235 $ 108 $ 27,841 (1) Other costs include legal settlements, professional services, and other related costs.” 10-K for 2024
Our summaryThe company reported that its 2025 results were hurt by costs of its Portfolio Optimization Plan.
Word for word“2025 results were negatively impacted by $15.8 million ($13.8 million after tax, $0.32 per share) of Portfolio Optimization Plan costs.” 10-K for 2025
| Fiscal year ended | Severance costs | Restructuring charges | Cash paid for restructuring |
|---|---|---|---|
| 2016-12-31 | $1.3 million | $11.1 million | $14.1 million |
| 2017-12-31 | — | $36.5 million | $11.4 million |
| 2018-12-31 | — | $0 | — |
| 2019-12-31 | — | $0 | — |
Sensient Technologies 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 Sensient Technologies’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 2026-02-13. 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.