Thermo Fisher layoffs, on the record
Every job cut, severance charge and restructuring Thermo Fisher reported in its annual reports, 2023 to 2025, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2024 | approximately 125,000 | December 31, 2024 |
Job cuts, severance and restructuring
Our summaryRestructuring charges for headcount reductions and facility consolidations were recorded, with annual cost savings expected mainly from lower employee and facility expenses.
Word for word“We estimate that charges for restructuring and related actions incurred for headcount reductions and facility consolidations, which resulted in charges of approximately $0.3 billion in 2024 and $0.3 billion in 2023, will realize annual cost savings of approximately $0.2 billion and $0.6 billion, respectively, primarily due to reduced employee and facility expenses.” 10-K for 2024
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2016-12-31 | $167 million | $122 million |
| 2017-12-31 | $106 million | $93 million |
| 2018-12-31 | $88 million | $83 million |
| 2019-12-31 | $52 million | $69 million |
| 2020-12-31 | $51 million | $57 million |
| 2021-12-31 | $37 million | $40 million |
| 2022-12-31 | $68 million | $44 million |
| 2023-12-31 | $194 million | $175 million |
| 2024-12-31 | $97 million | $105 million |
| 2025-12-31 | $197 million | $175 million |
Thermo Fisher 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 Thermo Fisher’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 2026-02-26. 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.