Smith & Wesson Brands layoffs, on the record
Every job cut, severance charge and restructuring Smith & Wesson Brands reported in its annual reports, 2024 to 2026, quoted from the filings. Headcount went from 1,509 to 1,386.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2024 | 1,509 | As of April 30, 2024 |
| 10-K for 2025 | 1,416 | April 30, 2025 |
| 10-K for 2026 | 1,386 | April 30, 2026 |
Job cuts, severance and restructuring
Our summaryRelocation to a new Maryville, Tennessee facility, with a severance and relocation package offered to every affected employee.
Word for word“As part of the Relocation, we offered a severance and relocation package to every affected employee.” 10-K for 2024
Our summaryRestructuring charges recorded for the Relocation, with the total stated for fiscal 2024 and fiscal 2023.
Word for word“As a result of the Relocation, $ 7.1 and $ 8.3 million of restructuring charges were recorded in fiscal 2024 and fiscal 2023, respectively.” 10-K for 2024
Our summarySeverance and employee-related benefits accrual was reduced by charges and cash payments during fiscal 2024, leaving a year-end accrual balance.
Word for word“Cash payments and settlements ( 4,289 ) ( 1,805 ) ( 6,094 ) Accrual at April 30, 2024 (a) $ 5,527 $ 828 $ 6,355 ___________________________________ (a) Recorded in accrued payroll and incentives F- 32” 10-K for 2024
Our summaryDiscontinued operations at the Deep River, Connecticut facility and vacated the premises.
Word for word“During the fiscal year ended April 30, 2025, we discontinued operations at our Deep River, Connecticut facility and vacated the premises.” 10-K for 2025
Our summaryRecorded restructuring charges as a result of the Relocation, totaling $1.2 million in fiscal 2025.
Word for word“As a result of the Relocation, $ 1.2 million, $ 7.1 million, and $ 8.3 million of restructuring charges were recorded in fiscal 2025, 2024, and 2023, respectively.” 10-K for 2025
Our summaryRecorded severance and employee-related benefit accrual reversals and a relocation charge under the restructuring program in fiscal 2025, with a severance accrual of $1.4 million remaining at year end.
Word for word“Accrual at April 30, 2025 $ 1,372 $ 458 $ 1,830 (a) Recorded in accrued payroll and incentives F- 36 SMITH & WESSON BRANDS, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) 16.” 10-K for 2025
Our summaryThe company recorded restructuring charges, net of adjustments to prior estimates, tied to its relocation, with a net credit in fiscal 2026 and charges in fiscal 2025 and 2024.
Word for word“As a result of the Relocation, ($ 509,000 ), $ 1.2 million, and $ 7.1 million of restructuring charges, net of adjustments to our prior estimates, were recorded in fiscal 2026, 2025, and 2024, respectively.” 10-K for 2026
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2020-04-30 | $0 | — |
| 2021-04-30 | $0 | — |
| 2022-04-30 | $10.2 million | — |
| 2023-04-30 | $8.3 million | $1.6 million |
| 2024-04-30 | $7.1 million | $6.1 million |
| 2025-04-30 | $1.2 million | $4.1 million |
| 2026-04-30 | −$509,000 | $620,000 |
Smith & Wesson Brands 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 Smith & Wesson Brands’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 2026-06-17. 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.