TTM Technologies layoffs, on the record
Every job cut, severance charge and restructuring TTM Technologies reported in its annual reports, 2024 to 2025, quoted from the filings. Headcount went from approximately 15,800 to approximately 18,200.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2024 | approximately 15,800 | January 1, 2024 |
| 10-K for 2024 | approximately 16,400 | December 30, 2024 |
| 10-K for 2025 | approximately 18,200 | December 29, 2025 |
Job cuts, severance and restructuring
Our summaryAnnounced consolidation of manufacturing footprint and closure of three manufacturing facilities as a restructuring.
Word for word“In regards to our announcement in the first quarter of 2023 of the consolidation of our manufacturing footprint and the closure of three manufacturing facilities, if economic conditions deteriorate, we may not achieve the expected increase in overall profitability as a result of the consolidation.” 10-K for 2024
Our summaryDecided to close certain facilities in Hong Kong and California and lay off some employees.
Word for word“If we conclude we have significant, long-term excess capacity, we may decide to permanently close one or more of our facilities and lay off some of our employees, such as our decision announced in February 2023 to close certain facilities in Hong Kong and California.” 10-K for 2024
Our summaryRecorded global realignment restructuring charges, primarily employee separation and contract termination costs, across the years presented.
Word for word“For the years ended January 1, 2024, January 2, 2023, and January 3, 2022, we incurred restructuring charges of $24.4 million, $4.1 million and $4.2 million, respectively, related to our global realignment restructuring efforts.” 10-K for 2024
Our summaryConsolidation plan announced to close three manufacturing facilities (Anaheim and Santa Clara, California, and Hong Kong) and move operations into other company facilities, with operations ceased during the year ended January 1, 2024.
Word for word“On February 8, 2023, the Company announced a consolidation plan, pursuant to which the Company ceased operations at three of its manufacturing facilities during the year ended January 1, 2024 and consolidated the operations of those facilities into other Company facilities.” 10-K for 2024
Our summaryGlobal realignment restructuring efforts incurred employee separation and contract termination costs, with total restructuring charges reported for the fiscal year.
Word for word“For the years ended December 30, 2024, January 1, 2024, and January 2, 2023, we incurred restructuring charges of $11.2 million, $24.4 million, and $4.1 million, respectively, related to our global realignment restructuring efforts.” 10-K for 2024
Our summaryCompany recorded restructuring charges in prior years for the global realignment restructuring efforts, mainly employee separation costs.
Word for word“These charges primarily represent employee separation and contract termination and other costs associated with the restructuring plans.” 10-K for 2024
Our summaryCompany previously announced plans to consolidate integrated electronics facilities in Elizabeth City, North Carolina and Huntington, New York into existing facilities.
Word for word“We previously announced plans to consolidate our integrated electronics facilities in Elizabeth City, North Carolina and Huntington, New York into existing facilities in order to improve efficiencies.” 10-K for 2024
Our summaryThe company recorded restructuring charges of $2,847 thousand in 2025, down from prior years, as shown in the operating expense discussion and the table of unallocated amounts.
Word for word“Operating expenses decreased $24.3 million to $337.0 million for the year ended December 29, 2025, from $361.3 million for the year ended December 30, 2024, primarily due to the absence of a $32.6 million impairment of goodwill, decreases in restructuring charges and amortization of definite-lived intangibles, and the absence of a $6.1 million write down of our Hong Kong building that occurred during the year ended December 30, 2024, partially offset by higher stock-based compensation and incentive compensation expense as well as the absence of $14.4 million of gains on the sale of assets primarily related to the sale of two buildings vacated with the closure of our Anaheim and Santa Clara plants that occurred during the year ended December 30, 2024.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2017-01-02 | $9 million | $14.4 million |
| 2018-01-01 | $1.2 million | $1.9 million |
| 2018-12-31 | $4.7 million | $2.5 million |
| 2019-12-30 | $5.4 million | $8.4 million |
| 2020-12-28 | $16.8 million | $9.9 million |
| 2022-01-03 | $4.2 million | $11.6 million |
| 2023-01-02 | $4.1 million | $1.6 million |
| 2024-01-01 | $24.4 million | $25.7 million |
| 2024-12-30 | $11.2 million | $8.9 million |
| 2025-12-29 | $2.8 million | — |
TTM Technologies filed 2 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 TTM Technologies’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2024) and the financial data it files with the SEC, as of 2026-02-17. 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.