TE Connectivity layoffs, on the record
Every job cut, severance charge and restructuring TE Connectivity reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 90,000 to approximately 93,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 90,000 | fiscal year end 2023 |
| 10-K for 2024 | approximately 87,000 | fiscal year end 2024 |
| 10-K for 2025 | approximately 93,000 | fiscal year end 2025 |
Job cuts, severance and restructuring
Our summaryCompany initiated restructuring programs associated with cost structure improvements across all segments during fiscal 2023 and 2022, reducing its global manufacturing footprint and fixed costs.
Word for word“During fiscal 2023 and 2022, we initiated restructuring programs associated with cost structure improvements across all segments.” 10-K for 2023
Our summaryCompany expects fiscal 2023 restructuring actions to deliver annualized cost savings of about $200 million, fully realized by the end of fiscal 2026.
Word for word“Annualized cost savings related to actions initiated in fiscal 2023 are expected to be approximately $200 million and are expected to be fully realized by the end of fiscal 2026.” 10-K for 2023
Our summaryCompany expects total restructuring charges and spending for fiscal 2024.
Word for word“For fiscal 2024, we expect total restructuring charges to be approximately $100 million and total spending, which will be funded with cash from operations, to be approximately $175 million.” 10-K for 2023
Our summaryCompany initiated restructuring programs to optimize its manufacturing footprint and improve the cost structure, recording net restructuring charges in fiscal 2024 and 2023.
Word for word“We incurred net restructuring charges of $144 million and $260 million in fiscal 2024 and 2023, respectively.” 10-K for 2024
Our summaryCompany expects annualized cost savings from actions initiated in fiscal 2024, mostly realized by the end of fiscal 2027.
Word for word“Annualized cost savings related to actions initiated in fiscal 2024 are expected to be approximately $85 million and we expect the majority of these savings will be realized by the end of fiscal 2027.” 10-K for 2024
Our summaryCompany expects total restructuring charges and spending for fiscal 2025.
Word for word“For fiscal 2025, we expect total restructuring charges to be approximately $100 million and total spending, which will be funded with cash from operations, to be approximately $200 million.” 10-K for 2024
Our summaryThe company started restructuring programs for footprint consolidation and cost structure improvements in both segments and recorded net restructuring charges for fiscal 2025 and 2024.
Word for word“We incurred net restructuring charges of $113 million and $144 million in fiscal 2025 and 2024, respectively.” 10-K for 2025
Our summaryThe company expects the restructuring actions started in fiscal 2025 to produce annual cost savings, fully realized by the end of fiscal 2026.
Word for word“Annualized cost savings related to actions initiated in fiscal 2025 are expected to be approximately $80 million and are expected to be fully realized by the end of fiscal 2026.” 10-K for 2025
Our summaryThe company expects restructuring charges and cash spending of about the same size in fiscal 2026.
Word for word“For fiscal 2026, we expect total restructuring charges to be approximately $100 million and total spending, which will be funded with cash from operations, to be approximately $100 million.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Restructuring costs incurred | Cash paid for restructuring |
|---|---|---|---|
| 2016-09-30 | $121 million | $131 million | $75 million |
| 2017-09-29 | $146 million | $164 million | $78 million |
| 2018-09-28 | $140 million | $164 million | $100 million |
| 2019-09-27 | $255 million | $277 million | — |
| 2020-09-25 | $257 million | $283 million | — |
| 2021-09-24 | $208 million | $237 million | — |
| 2022-09-30 | $137 million | $183 million | — |
| 2023-09-29 | $260 million | $270 million | — |
| 2024-09-27 | $144 million | $156 million | — |
| 2025-09-26 | $113 million | $118 million | — |
TE Connectivity filed 4 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 TE Connectivity’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 2025-11-10. 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.