Teleflex layoffs, on the record
Every job cut, severance charge and restructuring Teleflex reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 14,500 to approximately 15,500.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 14,500 | December 31, 2023 |
| 10-K for 2024 | approximately 14,100 | December 31, 2024 |
| 10-K for 2025 | approximately 15,500 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryInitiated a new 2024 restructuring plan to optimize operations, reduce costs and relocate select office administrative operations, with estimated pre-tax charges of $9 million to $11 million.
Word for word“During the fourth quarter of 2024, we initiated the "2024 restructuring plan," a new strategic restructuring plan aimed at optimizing operations, reducing costs and enhancing efficiencies across our business lines and includes the relocation of select office administrative operations.” 10-K for 2024
Our summaryInitiated a 2024 Footprint realignment plan including manufacturing relocations, product rationalization, and related workforce reductions, with estimated pre-tax charges of $37 million to $46 million.
Word for word“We estimate that we will incur aggregate pre-tax restructuring and restructuring related charges in connection with the 2024 Footprint realignment plan of $37 million to $46 million.” 10-K for 2024
Our summaryRecorded restructuring charges of $6.1 million under the 2024 Restructuring plan and $11.2 million under the 2024 Footprint realignment plan in 2024, mainly termination benefits.
Word for word“The restructuring charges listed in the table primarily consist of termination benefits.” 10-K for 2024
Our summaryContinued the 2023 Footprint realignment plan involving manufacturing relocations, outsourcing and related workforce reductions, with estimated pre-tax charges of $11 million to $15 million.
Word for word“We estimate that we will incur aggregate pre-tax restructuring and restructuring related charges in connection with the plan of $11 million to $15 million.” 10-K for 2024
Our summaryContinued the 2023 restructuring plan, which included the integration of Palette and workforce reductions; the plan is substantially complete, with 2024 net charges of $(1.5) million and 2023 charges of $12.5 million.
Word for word“In 2023, we initiated the "2023 restructuring plan," which primarily involved the integration of Palette into Teleflex and workforce reductions designed to improve operating performance across the organization by creating efficiencies that align with evolving market demands and our strategy to enhance long-term value creation.” 10-K for 2024
Our summaryStarted a restructuring plan to integrate the VI Business, including realigning the sales force and administrative functions, cutting jobs, and moving some manufacturing to lower-cost sites.
Word for word“We estimate that we will incur aggregate pre-tax restructuring and restructuring related charges in connection with the VI Business integration plan of $36 million to $44 million.” 10-K for 2025
Our summaryStarted a multi-year restructuring plan tied to the Strategic Divestitures, mainly cutting jobs and rationalizing capital assets to eliminate stranded costs.
Word for word“We estimate that we will incur aggregate pre-tax restructuring and restructuring related charges in connection with the plan of $31 million to $37 million.” 10-K for 2025
Our summaryStarted the 2023 Footprint realignment plan, which moves some manufacturing to lower-cost sites, outsources some manufacturing processes, and cuts related jobs.
Word for word“We estimate that we will incur aggregate pre-tax restructuring and restructuring related charges in connection with the plan of $9 million to $12 million.” 10-K for 2025
| Fiscal year ended | Severance costs | Restructuring charges |
|---|---|---|
| 2016-12-31 | — | $15.9 million |
| 2017-12-31 | — | $14.8 million |
| 2018-12-31 | — | $60.1 million |
| 2019-12-31 | — | $15.2 million |
| 2020-12-31 | — | $17.1 million |
| 2021-12-31 | — | $15 million |
| 2022-12-31 | — | $18.8 million |
| 2023-12-31 | — | $4.2 million |
| 2024-12-31 | — | $9.6 million |
| 2025-12-31 | $4.8 million | $24.5 million |
Teleflex filed 6 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 Teleflex’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 2026-02-27. 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.