Stanley Black & Decker layoffs, on the record
Every job cut, severance charge and restructuring Stanley Black & Decker reported in its annual reports, 2023 to 2026, quoted from the filings. Headcount went from approximately 50,500 to approximately 43,500.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 50,500 | As of December 30, 2023 |
| 10-K for 2024 | approximately 48,500 | December 28, 2024 |
| 10-K for 2026 | approximately 43,500 | As of January 3, 2026 |
Job cuts, severance and restructuring
Our summaryThe company undertook restructuring and cost-reduction actions, including footprint rationalization and supply chain transformation costs, which the filing says may be mitigated by various factors.
Word for word“Below is a summary of the pre-tax Non-GAAP adjustments for 2024, 2023 and 2022.” 10-K for 2024
Our summaryThe company started a voluntary retirement program to right-size corporate and support functions after divestitures and a more streamlined supply chain.
Word for word“In June 2025, the Company implemented a voluntary retirement program (“VRP”) to right-size the Company’s corporate and support functions to align with a more focused portfolio following recent divestitures and more streamlined operations as part of the supply chain transformation.” 10-K for 2026
Our summaryThe company began a Global Cost Reduction Program in 2022 and finished it at the end of 2025.
Word for word“In mid-2022, the Company initiated a Global Cost Reduction Program designed to achieve significant pre-tax run rate cost savings to, in part, help return adjusted gross margins to historical 35%+ levels.” 10-K for 2026
| Fiscal year ended | Restructuring charges | Cash paid for restructuring | Positions eliminated |
|---|---|---|---|
| 2016-12-31 | $49 million | $71 million | 1,326 |
| 2017-12-30 | $51.5 million | $65.9 million | 1,584 |
| 2018-12-29 | $160.3 million | $73.5 million | 4,184 |
| 2019-12-28 | $154.1 million | $115.3 million | — |
| 2021-01-02 | $73.8 million | $134.9 million | — |
| 2022-01-01 | $14.5 million | $64.4 million | — |
| 2022-12-31 | $140.8 million | $111.9 million | — |
| 2023-12-30 | $39.4 million | $72.4 million | — |
| 2024-12-28 | $99.9 million | $84.2 million | — |
| 2026-01-03 | $89.1 million | $85.6 million | — |
Stanley Black & Decker 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 Stanley Black & Decker’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 2026-02-24. 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.