TechnipFMC layoffs, on the record
Every job cut, severance charge and restructuring TechnipFMC reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 21,000 to approximately 22,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 21,000 | — |
| 10-K for 2024 | approximately 21,000 | — |
| 10-K for 2025 | approximately 22,000 | — |
Job cuts, severance and restructuring
Our summaryIncurred restructuring and severance costs, mainly from exiting operations in Canada and closing sites in Mexico and Angola.
Word for word“During the year ended December 31, 2023, we incurred $ 20.0 million of restructuring, impairment and other expenses, out of which we incurred $ 8.2 million of restructuring and severance expenses, primarily associated with exiting operations in Canada and the closure of sites in Mexico and Angola.” 10-K for 2023
Our summaryRecorded restructuring charges in Singapore and Argentina.
Word for word“We also incurred restructuring charges of $ 3.9 million in Singapore and Argentina.” 10-K for 2023
Our summaryRecorded severance and employee-related costs from exiting operations in Russia and Canada, including impairments.
Word for word“During the year ended December 31, 2022, we recorded $ 15.2 million of restructuring, impairment and other expenses, such as severance and employee related costs primarily associated with exiting our operations in Russia and Canada.” 10-K for 2023
Our summaryRecorded severance and other employee-related charges after the Spin-off.
Word for word“We also recorded $ 17.6 million of restructuring and other charges, which consisted of severance and other employee related costs.” 10-K for 2023
Our summaryTook real estate rationalization actions and recorded impairment charges on lease and property assets.
Word for word“During the year ended December 31, 2021, subsequent to the Spin-off, certain real estate rationalization actions were taken, and as a result, we recorded $ 49.1 million of impairment charges relating to our operating lease right-of-use assets and property, plant and equipment.” 10-K for 2023
Our summaryThe filing reports restructuring, impairment and other expenses of 25.8 million for 2024 in the income statement, without describing any specific layoff or workforce reduction program.
Word for word“Restructuring, impairment and other expenses 25.8 20.0 15.2 5.8 29.0 % 4.8 31.6 % Total costs and expenses 8,126.5 7,315.0 6,503.1 811.5 11.1 % 811.9 12.5 % Other income (expense), net (45.9) (248.3) 5.4 202.4 81.5 % (253.7) n/m Income from equity affiliates 21.7 34.4 44.6 (12.7) (36.9) % (10.2) (22.9) % Gain on disposal of Measurement Solutions business 71.3 — — 71.3 — % — n/m Loss from investment in Technip Energies — — (27.7) — — % 27.7 100.0 % Loss on early extinguishment of debt — — (29.8) — — % 29.8 100.0 % Net interest expense (63.5) (88.7) (120.9) 25.2 28.4 % 32.2 26.6 % Income before income taxes 940.4 206.6 68.9 733.8 355.2 % 137.7 199.9 % Provision for income taxes 85.1 154.7 105.4 (69.6) (45.0) % 49.3 46.8 % Income (loss) from continuing operations 855.3 51.9 (36.5) 803.4 1,548.0 % 88.4 242.2 % (Income) loss attributable to non-controlling interests (12.4) 4.3 (25.4) (16.7) (388.4) % 29.7 116.9 % Income (loss) attributable to TechnipFMC plc 842.9 56.2 (61.9) 786.7 1,399.8 % 118.1 190.8 % Loss from discontinued operations — — (45.3) — — % 45.3 100.0 % Net income (loss) attributable to TechnipFMC plc $ 842.9 $ 56.2 $ (107.2) $ 786.7 1,399.8 % $ 163.4 152.4 % n/m = Not meaningful Results of Operations in 2024 Compared to 2023 Revenue Revenue increased $1,259.1 million in 2024, compared to the same period in 2023.” 10-K for 2024
Our summaryThe company sold its Measurement Solutions business, recognizing a net gain, with transaction costs recorded within restructuring, impairment and other charges.
Word for word“We recorded transaction costs associated with the sale of $ 5.2 million during both the three months ended March 31, 2024 and December 31, 2023.” 10-K for 2024
Our summaryThe company recorded restructuring, impairment and other expenses in 2025 tied to business transformation initiatives to simplify and industrialize the organization.
Word for word“We incurred $72.8 million of restructuring, impairment and other expenses in 2025, compared to $25.8 million in 2024, primarily related to additional business transformation initiatives designed to simplify and industrialize our organization, driving increased efficiency and greater operating leverage.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Restructuring costs incurred | Positions eliminated |
|---|---|---|---|
| 2016-12-31 | $304.8 million | — | — |
| 2017-12-31 | $157.2 million | — | — |
| 2018-12-31 | $38.6 million | $38.6 million | — |
| 2019-12-31 | $6.7 million | −$23.6 million | 1,600 |
| 2020-12-31 | — | $70.4 million | — |
| 2021-12-31 | $17.6 million | $17.6 million | — |
| 2022-12-31 | — | $10.5 million | — |
TechnipFMC 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 TechnipFMC’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 2026-02-19. 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.