STMicroelectronics layoffs, on the record
Every job cut, severance charge and restructuring STMicroelectronics reported in its annual reports, 2023 to 2025, quoted from the filings.
Job cuts, severance and restructuring
Our summaryCompany reported a line item for impairment, restructuring charges and other related closure costs, which was zero in 2023 and 2022 and $2 million in 2021.
Word for word“Impairment, restructuring charges and other related closure costs — — (2) (11) (5) Operating income 4,611 4,439 2,419 1,323 1,203 Interest income (expense), net (1) 171 58 (29) (20) 1 Other components of pension benefit costs (19) (11) (10) (12) (16) Income on equity-method investments — — — 2 1 Loss on financial instruments, net — — (43) (26) — Income before income taxes and noncontrolling interest (1) 4,763 4,486 2,337 1,267 1,189 Income tax expense (541) (520) (331) (159) (156) Net income (1) 4,222 3,966 2,006 1,108 1,033 Net income attributable to noncontrolling interest (11) (6) (6) (2) (1) Net income attributable to parent company (1) 4,211 3,960 2,000 1,106 1,032 Earnings per share (basic) attributable to parent company stockholders 4.66 4.37 2.21 1.24 1.15 Earnings per share (diluted) attributable to parent company stockholders (1) 4.46 4.19 2.16 1.20 1.14 Number of shares used in calculating earnings per share (basic) 903.5 905.6 904.3 894.6 894.3 Number of shares used in calculating earnings per share (diluted) (1) 944.2 946.2 924.8 919.7 903.6 Consolidated Balance Sheets Data (end of period): Cash and cash equivalents 3,222 3,258 3,225 3,006 2,597 Restricted cash — — — — 10 Short-term deposits 1,226 581 291 581 4 Marketable securities 1,635 679 — 133 133 Total assets 24,453 19,982 15,540 14,454 11,868 Net assets (1) 16,852 12,758 9,273 8,506 7,111 Short-term debt 217 175 143 795 173 Long-term debt (1) 2,710 2,542 2,396 1,826 1,899 Total parent company stockholders’ equity 16,729 12,693 9,209 8,448 7,043 Common stock and Additional Paid-in Capital (1) 4,023 3,788 3,690 4,219 4,149 Other Data: Dividend per share 0.240 0.240 0.240 0.168 0.240 Capital expenditures, net of proceeds from sales and capital grants and other contributions (4,111) (3,524) (1,828) (1,279) (1,174) Net cash from operating activities 5,992 5,202 3,060 2,093 1,869 Depreciation and amortization 1,561 1,216 1,045 923 854 Debt-to-equity ratio (2) 0.17 0.21 0.28 0.31 0.29” 20-F for 2023
Our summaryThe filing notes that the company could be required to undertake restructuring and transformation measures involving significant charges to earnings if capacity does not match demand.
Word for word“we risk unused capacity charges, price erosion, write-offs of inventories and losses on products that may adversely impact our operating results, and we could be required to undertake restructuring and transformation measures that may involve significant charges to our earnings.” 20-F for 2024
Our summaryThe filing reports that restructuring charges and other related closure costs were recorded in 2020 and 2021 within the income statement, with none in 2022 through 2024.
Word for word“Impairment, restructuring charges and other related closure costs — — — (2) (11) Operating income 1,676 4,611 4,439 2,419 1,323 Interest income (expense), net (1) 218 171 58 (29) (20) Other components of pension benefit costs (15) (19) (11) (10) (12) Income on equity-method investments — — — — 2 Loss on financial instruments, net (1) — — (43) (26) Income before income taxes and noncontrolling interest (1) 1,878 4,763 4,486 2,337 1,267 Income tax expense (313) (541) (520) (331) (159) Net income (1) 1,565 4,222 3,966 2,006 1,108 Net income attributable to noncontrolling interest (8) (11) (6) (6) (2) Net income attributable to parent company (1) 1,557 4,211 3,960 2,000 1,106 Earnings per share (basic) attributable to parent company stockholders 1.73 4.66 4.37 2.21 1.24 Earnings per share (diluted) attributable to parent company stockholders (1) 1.66 4.46 4.19 2.16 1.20 Number of shares used in calculating earnings per share (basic) 901.2 903.5 905.6 904.3 894.6 Number of shares used in calculating earnings per share (diluted) (1) 939.3 944.2 946.2 924.8 919.7 Consolidated Balance Sheets Data (end of period): Cash and cash equivalents 2,282 3,222 3,258 3,225 3,006 Short-term deposits 1,450 1,226 581 291 581 Marketable securities 2,452 1,635 679 — 133 Total assets 24,743 24,453 19,982 15,540 14,454 Net assets (1) 17,679 16,852 12,758 9,273 8,506 Short-term debt 990 217 175 143 795 Long-term debt (1) 1,963 2,710 2,542 2,396 1,826 Total parent company stockholders’ equity 17,449 16,729 12,693 9,209 8,448 Common stock and Additional Paid-in Capital (1) 4,245 4,023 3,788 3,690 4,219 Other Data: Dividend per share 0.360 0.240 0.240 0.240 0.168 Capital expenditures, net of proceeds from sales and capital grants and other contributions (2,642) (4,111) (3,524) (1,828) (1,279) Net cash from operating activities 2,965 5,992 5,202 3,060 2,093 Depreciation and amortization 1,760 1,561 1,216 1,045 923 Debt-to-equity ratio (2) 0.17 0.17 0.21 0.28 0.31” 20-F for 2024
Our summaryThe filing reports 2024 operating income of Others, which includes unallocated restructuring charges and other items, and lists the unused capacity charges and other items recorded in 2024.
Word for word“Unused capacity charges ( 370 ) ( 120 ) ( 22 ) Other unallocated manufacturing results ( 63 ) ( 94 ) ( 57 ) Gain on sale of non-current assets 2 4 2 Cancellation fees on committed equipment purchases ( 18 ) — — Strategic and other research and development programs and other non-allocated items (1) ( 7 ) ( 34 ) ( 7 ) Total operating loss Others ( 525 ) ( 414 ) ( 97 ) Total consolidated operating income 1,676 4,611 4,439 (1) Includes unallocated income and expenses such as certain corporate-level operating expenses and other income (costs) that are not allocated to the reportable segments.” 20-F for 2024
| Fiscal year ended | Severance costs | Restructuring charges | Restructuring costs incurred | Cash paid for restructuring |
|---|---|---|---|---|
| 2016-12-31 | $75 million | $85 million | $85 million | $59 million |
| 2017-12-31 | — | $52 million | $13 million | $51 million |
| 2018-12-31 | — | $19 million | — | $33 million |
| 2019-12-31 | — | — | — | $21 million |
| 2020-12-31 | — | $8 million | — | $14 million |
| 2025-12-31 | — | $187 million | — | $70 million |
STMicroelectronics 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 STMicroelectronics’s annual reports (20-F for 2025, 20-F for 2024, 20-F for 2023) and the financial data it files with the SEC, as of 2026-02-26. 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.