Sherwin Williams layoffs, on the record
Every job cut, severance charge and restructuring Sherwin Williams reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 64,088 to 64,249.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 64,088 | At December 31, 2023 |
| 10-K for 2024 | 63,890 | At December 31, 2024 |
| 10-K for 2025 | 64,249 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryAnnounced a business restructuring plan to simplify the operating model and brand portfolio in the Consumer Brands Group and reduce costs across several segments, which was completed as of December 31, 2023.
Word for word“In the fourth quarter of 2022, the Company announced a business restructuring plan (Restructuring Plan) to simplify the Company's operating model and portfolio of brands within the Consumer Brands Group and to reduce costs in all regions in the Consumer Brands Group, Performance Coatings Group and the Administrative segment.” 10-K for 2023
Our summaryRecorded severance and other expense under the Restructuring Plan in 2023, mainly in the Paint Stores and Consumer Brands groups.
Word for word“Items related to Restructuring Plan: Severance and other $ .06 $ .02 .04 Impairment of assets related to China divestiture .13 .08 .05 Gain on divestiture of domestic aerosol business (.08) (.02) (.06) Discrete income tax expense related to China divestiture (1) — (.06) .06 Total .11 .02 .09 Impairment related to trademarks .09 .02 .07 Devaluation of the Argentine Peso .16 — .16 Acquisition-related amortization expense (2) 1.03 .25 .78 Adjusted diluted net income per share $ 10.35” 10-K for 2023
Our summaryDivested the China architectural business and a non-core domestic aerosol business as part of the Restructuring Plan, recording impairment and a gain.
Word for word“The Company ultimately determined that divestiture, rather than restructuring, of a non-core domestic aerosol business and the China architectural business was the highest and best use of resources to drive long-term shareholder value.” 10-K for 2023
Our summaryRecorded trademark impairment in the Consumer Brands Group, related in 2022 to the Restructuring Plan and in 2023 primarily to a trademark in Europe.
Word for word“The annual impairment review performed as of October 1, 2023 resulted in no goodwill impairment and trademark impairment of $ 23.9 million in the Consumer Brands Group primarily related to a trademark in Europe.” 10-K for 2023
Our summaryThe company reported severance and other expense tied to its Restructuring Plan in 2023, which reduced diluted earnings per share.
Word for word“Diluted net income per share for 2023 included acquisition-related amortization expense of $0.78 per share, severance and other expense of $0.04 per share, expenses related to the divestiture of the China architectural business of $0.11 per share, impairment related to trademarks of $0.07 per share and expense related to the devaluation of the Argentine peso of $0.16 per share.” 10-K for 2024
Our summaryThe company reported adjusted diluted earnings per share that included severance and other restructuring expenses in 2025.
Word for word“Diluted net income per share in 2025 included acquisition-related amortization expense of $0.78 per share, severance and other restructuring expenses of $0.34 per share, and impairment related to trademarks of $0.05 per share.” 10-K for 2025
Our summaryThe company recorded a trademark impairment tied to restructuring activities affecting certain trademarks in Asia, Latin America and Europe.
Word for word“Impairment of $17.8 million was recorded in 2025 related to restructuring activities which impacted certain trademarks in the Asia, Latin America and Europe regions.” 10-K for 2025
Our summaryPerformance Coatings Group selling, general and administrative costs rose mainly because of targeted restructuring activities.
Word for word“The Performance Coatings Group’s SG&A increased by $3.1 million, or 0.2% for the year primarily due to targeted restructuring activities and higher employee-related costs.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2016-12-31 | $3 million | $6.3 million |
| 2017-12-31 | $50.5 million | $45.4 million |
| 2018-12-31 | $14.9 million | $21.2 million |
| 2019-12-31 | $8.8 million | $12.8 million |
| 2022-12-31 | $47.8 million | $5.7 million |
| 2023-12-31 | $15.3 million | $57 million |
| 2024-12-31 | — | $0 |
| 2025-12-31 | $111 million | $71.3 million |
Sherwin Williams 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 Sherwin Williams’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 2026-02-19. 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.