Snap-on layoffs, on the record
Every job cut, severance charge and restructuring Snap-on reported in its annual reports, 2023 to 2026, quoted from the filings. Headcount went from approximately 13,200 to approximately 13,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 13,200 | December 30, 2023 |
| 10-K for 2024 | approximately 13,000 | December 28, 2024 |
| 10-K for 2026 | approximately 13,000 | January 3, 2026 |
Job cuts, severance and restructuring
Our summaryIn the fourth quarter of 2025, Snap-on refined its footprint and go-to-market strategy in the Commercial & Industrial Group, including a building sale, trademark retirement and restructuring charges.
Word for word“These activities included the sale of a building for a net gain of $15.9 million, the retirement of certain trademarks at a cost of $8.9 million, and restructuring charges of $2.5 million (collectively, the “2025 footprint actions”).” 10-K for 2026
| Fiscal year ended | Restructuring charges | Restructuring costs incurred | Cash paid for restructuring |
|---|---|---|---|
| 2017-12-30 | — | $0 | — |
| 2021-01-02 | $12.2 million | — | $2.2 million |
| 2022-01-01 | $0 | — | $3 million |
| 2022-12-31 | $0 | — | $4.2 million |
Snap-on 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 Snap-on’s annual reports (10-K for 2026, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-12. 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.