Smith A O layoffs, on the record
Every job cut, severance charge and restructuring Smith A O reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 12,000 to approximately 11,500.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 12,000 | December 31, 2023 |
| 10-K for 2024 | approximately 12,700 | December 31, 2024 |
| 10-K for 2025 | approximately 11,500 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryRestructuring and impairment expense recorded in 2023, mainly tied to the sale of the company's business in Turkey within the Rest of World segment.
Word for word“Restructuring and impairment expenses in 2023 were $18.8 million, of which $15.6 million related to the sale of our business in Turkey which was included in our Rest of World segment.” 10-K for 2023
Our summaryBusiness in Turkey classified as held for sale after fair value less cost to sell fell below carrying amount, leading to the sale.
Word for word“During the first quarter of 2023, the Company determined that its business in Turkey (disposal group) included in the Rest of World segment met the criteria to be classified as held for sale.” 10-K for 2023
Our summaryCompany recorded restructuring expense tied to the exit of a business within the Far East region.
Word for word“During the fourth quarter of 2023, the Company recorded $ 3.2 million of restructuring expense related to the exit of a business within the Far East region.” 10-K for 2023
Our summaryRecorded restructuring and impairment expenses in 2024, including severance in China tied to right sizing that business for current market conditions.
Word for word“In China, severance expenses of $11.3 million related to the right sizing of that business for current market conditions.” 10-K for 2024
Our summaryRestructured the water treatment business in North America as part of a profitability improvement strategy.
Word for word“The remaining $6.3 million related to the restructuring of our water treatment business in North America as a part of a profitability improvement strategy that prioritizes improving our cost structure and emphasizes our more profitable channels.” 10-K for 2024
Our summaryReported the 2024 restructuring expense breakdown into severance, other restructuring and asset impairments.
Word for word“These expenses were comprised of $ 12.1 million in severance costs, $ 0.8 million of other restructuring expenses, and asset impairments of $ 4.7 million, as well as a corresponding $ 3.2 million tax benefit.” 10-K for 2024
Our summaryRecorded 2023 restructuring and impairment expenses, mainly tied to the sale of the Turkey business, including a restructuring expense for exiting a Far East business.
Word for word“Restructuring and impairment expenses in 2023 were $18.8 million, of which $15.7 million was recorded in the Rest of World segment and $3.1 million was recorded in Corporate Expense and related primarily to the sale of our business in Turkey.” 10-K for 2024
Our summaryRecorded restructuring and impairment expenses in 2024 including severance, other restructuring costs and asset impairments, with a related tax benefit.
Word for word“The Company recognized $ 17.6 million of restructuring and impairment expenses during the year ended December 31, 2024.” 10-K for 2025
Our summaryIncurred severance costs in China to right-size the Rest of World business for current market conditions.
Word for word“In the Rest of World segment, severance costs in China of $ 11.3 million was related to the right sizing of that business for current market conditions.” 10-K for 2025
Our summaryRecorded restructuring expense in 2023 for exiting a business in the Far East region.
Word for word“Also in 2023, the Company recorded $ 3.2 million of restructuring expense related to the exit of a business within the Far East region.” 10-K for 2025
| Fiscal year ended | Severance costs | Restructuring charges | Cash paid for restructuring |
|---|---|---|---|
| 2018-12-31 | — | — | $5.2 million |
| 2019-12-31 | — | $0 | $1 million |
| 2020-12-31 | $6.8 million | $7.7 million | $6.5 million |
| 2021-12-31 | — | $0 | — |
| 2022-12-31 | — | $0 | — |
| 2024-12-31 | $12.1 million | $17.6 million | $5.7 million |
| 2025-12-31 | — | $0 | $9.7 million |
Smith A O 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 Smith A O’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 2026-02-10. 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.