Tower Semiconductor layoffs, on the record
Every job cut, severance charge and restructuring Tower Semiconductor reported in its annual reports, 2023 to 2025, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 20-F for 2023 | 5,215 | December 31, 2023 |
Job cuts, severance and restructuring
Our summaryRestructuring of Japanese operations: the Arai factory ceased operations, with machinery and equipment transferred to Tonami or sold, producing restructuring gains and expenses; the process was completed in the first half of 2023.
Word for word“The restructuring process, including the transfer and installation of machinery and equipment in the Tonami facility and the sale of certain equipment, was completed during the first half of 2023 and resulted in total restructuring gain, net from the sale of machinery and equipment of $ 72,411 as well as total restructuring expenses of $ 30,346 .” 20-F for 2023
Our summaryRestructuring gain and expense recorded in the 2023 statement of operations for the Japan restructuring.
Word for word“For the year ended December 31, 2023, the Company recorded restructuring gain from the sale of machinery and equipment, net, of $ 52,168 as well as restructuring expense of $ 19,662 .” 20-F for 2023
Our summaryJapanese operations restructuring: the Arai facility ceased operations, with some machinery moved to Tonami and remaining equipment sold to third parties; the process was mostly completed during 2023.
Word for word“The restructuring process, including the transfer and installation of machinery and equipment in the Tonami facility and the sale of certain equipment, was mostly completed during 2023 and resulted in total restructuring gain, net from the sale of machinery and equipment of $ 72,411 as well as total restructuring costs of $ 24,076 .” 20-F for 2024
Our summaryRestructuring income recorded for a government subsidy received in relation to the Japan operations restructuring.
Word for word“For the year ended December 31, 2024, the Company recorded restructuring gain from a government subsidy received in relation to this Japan operations restructuring of $ 6,270 .” 20-F for 2024
Our summaryRestructuring expense recorded and gain from sale of machinery and equipment recognized in connection with the Japan restructuring.
Word for word“For the year ended December 31, 2023, the Company recorded restructuring gain from the sale of machinery and equipment, net, of $ 52,168 , as well as restructuring expense of $ 19,662 .” 20-F for 2024
Our summaryRestructured its Japan operations in 2022 by closing the Arai facility and moving part of its equipment to the Tonami facility. It sold the rest, and recorded restructuring gains and costs in 2023 and 2024.
Word for word“The restructuring process, including the transfer and installation of machinery and equipment in the Tonami facility and the sale of certain equipment, which was mostly completed during 2023 and finalized during 2024, resulted in restructuring gain, net from the sale of machinery and equipment of $ 52,168 in 2023, as well as total restructuring costs (income) of $ 6,270 income and $ 19,662 expense recorded in 2024 and 2023, respectively.” 20-F for 2025
Our summarySigned an agreement to restructure its Japan operations. Tower will take full ownership of Fab 7 and NTCJ will take full ownership of Fab 5.
Word for word“In March 2026, we signed an agreement for the strategic restructuring of our Japan operations, under which Tower will take full ownership of Fab 7, to be held through a wholly-owned Japanese subsidiary of Tower, while NTCJ will take full ownership of Fab 5.” 20-F for 2025
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2016-12-31 | $359,000 | $2.6 million |
| 2020-12-31 | $0 | — |
| 2021-12-31 | $0 | — |
| 2022-12-31 | $10.7 million | — |
| 2023-12-31 | $19.7 million | — |
| 2024-12-31 | −$6.3 million | — |
| 2025-12-31 | $0 | — |
Tower Semiconductor 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 Tower Semiconductor’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 2026-04-30. 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.