SPX Technologies layoffs, on the record
Every job cut, severance charge and restructuring SPX Technologies reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 4,100 to approximately 4,300.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 4,100 | December 31, 2023 |
| 10-K for 2024 | approximately 4,300 | December 31, 2024 |
Job cuts, severance and restructuring
Our summarySpecial charges for 2023 included severance costs from a restructuring action at an HVAC segment cooling business, which terminated 1 employee.
Word for word“HVAC – Charges for 2023 related to severance costs associated with a restructuring action at one of the segment’s cooling businesses.” 10-K for 2023
Our summarySpecial charges for 2023 included severance costs from a restructuring action at a Detection and Measurement segment location and inspection business, which terminated 14 employees.
Word for word“This action resulted in the termination of 14 employees.” 10-K for 2023
Our summarySpecial charges for 2022 included severance costs from a restructuring action at an HVAC segment cooling business, which terminated 2 employees.
Word for word“HVAC – Charges for 2022 related to severance costs associated with a restructuring action at one of the segment’s cooling businesses.” 10-K for 2023
Our summarySpecial charges for 2021 included severance costs from restructuring actions at Detection and Measurement location and inspection businesses, which terminated 44 employees.
Word for word“The action resulted in the termination of 44 employees.” 10-K for 2023
Our summarySpecial charges for 2021 included severance costs from a restructuring action at an HVAC segment heating business, which terminated 6 employees.
Word for word“This action resulted in the termination of 6 employees.” 10-K for 2023
Our summaryThe company recorded net special charges from restructuring initiatives to consolidate facilities, reduce workforce, and rationalize product lines.
Word for word“As a result of our strategic review process, we recorded net special charges of $ 0.8 in 2023, $ 0.4 in 2022, and $ 1.0 in 2021.” 10-K for 2023
Our summaryRecorded special charges for restructuring actions in 2024, mainly employee termination costs at HVAC and Detection and Measurement segments.
Word for word“HVAC – Charges for 2024 related primarily to recording severance costs associated with restructuring actions at three of the segment’s cooling businesses and one of the segment’s electrical heating businesses.” 10-K for 2024
Our summaryRecorded 2024 severance costs tied to restructuring at the Detection & Measurement segment's location and inspection and aids to navigation businesses.
Word for word“Detection & Measurement – Charges for 2024 related primarily to recording severance costs associated with restructuring actions at the segment’s location and inspection and aids to navigation businesses.” 10-K for 2024
Our summaryRecorded 2023 severance costs for a restructuring action at a Detection and Measurement location and inspection business.
Word for word“Detection & Measurement – Charges for 2023 related to severance costs associated with a restructuring action at one of the segment’s location and inspection businesses.” 10-K for 2024
Our summaryRecorded net special charges for restructuring initiatives to consolidate manufacturing and sales facilities, reduce workforce, and rationalize product lines in 2025, 2024 and 2023.
Word for word“As a result of our strategic review process, we recorded net special charges of $ 1.1 in 2025, $ 3.6 in 2024, and $ 0.8 in 2023.” 10-K for 2025
Our summaryIn 2025 the Detection & Measurement segment recorded severance costs for restructuring at its inspection and rehabilitation and aids to navigation businesses, ending 26 jobs.
Word for word“These actions resulted in the termination of 26 employees.” 10-K for 2025
Our summaryIn 2024 the HVAC segment recorded severance costs for restructuring at three cooling businesses and one electrical heating business, ending 34 jobs.
Word for word“These actions resulted in the termination of 34 employees.” 10-K for 2025
Our summaryIn 2024 the Detection & Measurement segment recorded severance costs for restructuring at its location and inspection and aids to navigation businesses, ending 9 jobs.
Word for word“These actions resulted in the termination of 9 employees.” 10-K for 2025
Our summaryIn 2023 the HVAC segment recorded severance costs for a restructuring action at one cooling business, ending 1 job.
Word for word“This action resulted in the termination of 1 employee.” 10-K for 2025
| Fiscal year ended | Severance costs | Cash paid for restructuring |
|---|---|---|
| 2016-12-31 | $1.7 million | $2.1 million |
| 2017-12-31 | $2.5 million | $3 million |
| 2018-12-31 | $3.7 million | $3.2 million |
| 2019-12-31 | $500,000 | $1.4 million |
| 2020-12-31 | $1 million | $1.5 million |
| 2021-12-31 | $1 million | $1.6 million |
| 2022-12-31 | $100,000 | $400,000 |
| 2023-12-31 | $800,000 | $100,000 |
| 2024-12-31 | $2.4 million | $1.6 million |
| 2025-12-31 | $500,000 | $1.8 million |
SPX Technologies 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 SPX 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 2026-02-25. 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.