Steelcase layoffs, on the record
Every job cut, severance charge and restructuring Steelcase reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 11,900 to approximately 11,300.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 11,900 | February 24, 2023 |
| 10-K for 2024 | approximately 11,300 | As of February 23, 2024 |
| 10-K for 2025 | approximately 11,300 | February 28, 2025 |
Job cuts, severance and restructuring
Our summaryQ4 2023 restructuring actions tied to winding down the customer aviation function, with terminations of about 23 salaried employees in the Americas and Corporate.
Word for word“The restructuring actions included terminations of approximately 23 salaried employees in the Americas segment and Corporate functions.” 10-K for 2023
Our summaryQ3 2023 restructuring actions to reduce operational spending after lower order volume and return-to-office trends, with terminations of salaried staff in the Americas and Corporate.
Word for word“The restructuring actions included terminations of approximately 130 salaried employees in the Americas segment and Corporate functions.” 10-K for 2023
Our summaryQ4 2022 exit from the technology business, including involuntary terminations of most of its salaried employees and termination of supplier and customer contracts.
Word for word“The restructuring actions primarily included involuntary terminations of the majority of salaried employees of the business and the termination of supplier and customer contracts related to the business.” 10-K for 2023
Our summary2021 restructuring actions in response to order declines in the Americas and COVID-19 uncertainty, including early retirements and voluntary and involuntary terminations.
Word for word“The restructuring actions included early retirements and voluntary and involuntary terminations of approximately 300 salaried employees and approximately 210 hourly employees.” 10-K for 2023
Our summaryRestructuring costs recognized in 2023 for workforce reductions in the Americas and wind down of the customer aviation function.
Word for word“The increase was driven by higher pricing benefits, net of inflation, higher volume, partially offset by higher operating expenses and $19.2 of restructuring costs related to workforce reductions in the Americas and wind down of our customer aviation function.” 10-K for 2023
Our summaryRestructuring actions in Asia Pacific to address softening demand, involving involuntary terminations of about 100 positions, with expected costs of about $4 in the International segment.
Word for word“In Q4 2024, we initiated a series of restructuring actions to enhance our long-term operational effectiveness in Asia Pacific.” 10-K for 2024
Our summaryRestructuring to move a regional distribution center in the Americas segment, involving involuntary terminations and relocations.
Word for word“In Q4 2024, we initiated restructuring actions to move a regional distribution center in the Americas segment.” 10-K for 2024
Our summaryRestructuring to reallocate production across the industrial footprint to manufacturing centers of excellence, with involuntary terminations in the Americas.
Word for word“In Q3 2024, we initiated a series of restructuring actions to reallocate production of our product portfolio across our industrial footprint to take advantage of manufacturing centers of excellence.” 10-K for 2024
Our summaryAnnounced restructuring actions in response to declining order volume, inflation and lower plant utilization, including salaried role terminations in EMEA, elimination of positions in Asia Pacific, and closing the Atlanta regional distribution center.
Word for word“In Q1 2024, we announced a series of restructuring actions in response to continued decline in order volume, persisting inflationary pressures, and decreasing plant utilization.” 10-K for 2024
Our summaryRestructuring actions mainly to wind down the customer aviation function, including terminations of salaried employees in the Americas.
Word for word“In Q4 2023, we initiated a series of restructuring actions, primarily related to the wind down of our customer aviation function in connection with our strategy to reinvent our go-to-market model and create new customer experiences.” 10-K for 2024
Our summaryTotal restructuring costs recorded in the fiscal year, reported in the income statement and the MD&A.
Word for word“We recorded restructuring costs of $22.5 in 2024 compared to $19.2 in 2023.” 10-K for 2024
Our summaryThe company carried out restructuring actions in EMEA and Asia Pacific in response to soft demand and uncertain macroeconomic conditions.
Word for word“In response to the soft demand and uncertain macroeconomic conditions, we implemented restructuring actions in EMEA and Asia Pacific.” 10-K for 2025
Our summaryThe company recorded restructuring costs of $10.8 million in fiscal 2025, down from $22.5 million in fiscal 2024.
Word for word“We recorded restructuring costs of $10.8 in 2025 compared to $22.5 in 2024.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Restructuring costs incurred | Cash paid for restructuring |
|---|---|---|---|
| 2017-02-24 | $5.1 million | — | $10 million |
| 2018-02-23 | — | — | $4.2 million |
| 2019-02-22 | $0 | — | — |
| 2020-02-28 | $0 | — | — |
| 2021-02-26 | $28.6 million | $28.6 million | $28.2 million |
| 2022-02-25 | $0 | — | $400,000 |
| 2023-02-24 | $19.2 million | — | $14.7 million |
| 2024-02-23 | $22.5 million | — | $13.6 million |
| 2025-02-28 | $10.8 million | — | $19.6 million |
Steelcase filed 3 restructuring notices (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 Steelcase’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 2025-04-18. 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.