Vishay Intertechnology layoffs, on the record
Every job cut, severance charge and restructuring Vishay Intertechnology reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 23,500 to approximately 22,600.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 23,500 | December 31, 2023 |
| 10-K for 2024 | approximately 22,700 | December 31, 2024 |
| 10-K for 2025 | approximately 22,600 | As of December 31, 2025 |
Job cuts, severance and restructuring
Our summaryCash was paid under a restructuring program that was announced in 2019 and substantially completed by year-end 2021.
Word for word“The Company paid cash of $ 11,474 in the year ended December 31, 2021 due to a restructuring program announced in 2019.” 10-K for 2023
Our summaryAnnounced restructuring actions to optimize the manufacturing footprint and streamline business decision making, reducing about 2% of manufacturing workforce and 6% of SG&A workforce.
Word for word“The restructuring actions will be implemented in phases and will result in a reduction of approximately 2% of our manufacturing workforce and 6% of our SG&A workforce.” 10-K for 2024
Our summaryAnnounced closure of three manufacturing facilities: a Diodes back-end facility in Shanghai, China, and two small Resistors facilities in Fichtelberg, Germany, and Milwaukee, Wisconsin.
Word for word“The closure of three manufacturing facilities.” 10-K for 2024
Our summaryExpected annualized cost savings from the restructuring actions, fully implemented by end of 2026.
Word for word“The actions are expected to generate annualized cost savings of approximately $23 million (annualized), including $12 million of selling, general and administration expenses, when the actions are fully implemented by the end of 2026.” 10-K for 2024
Our summaryRecorded restructuring and severance expense in 2024 with cash payments and a remaining accrual at year end.
Word for word“Expense recorded in 2024 $ 40,614 Cash paid ( 8,734 ) Foreign currency translation ( 1,292 ) Balance at December 31, 2024 $ 30,588 Severance payment terms vary by country, but generally are paid in a lump sum at cessation of employment.” 10-K for 2024
Our summaryThe company announced restructuring actions to optimize its manufacturing footprint and streamline business decision making, implemented in phases.
Word for word“In September 2024, the Company announced the implementation of restructuring actions designed to optimize the Company’s manufacturing footprint and streamline business decision making.” 10-K for 2025
Our summaryThe company recorded restructuring expense under ongoing benefit arrangements in 2024 and expects annual cost savings once the actions are fully implemented by the end of 2026.
Word for word“We recognized restructuring expense pursuant to on-going benefit arrangements of $40.6 million in 2024.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2016-12-31 | $19.2 million | — |
| 2017-12-31 | $11.3 million | — |
| 2018-12-31 | $0 | — |
| 2019-12-31 | $24.1 million | — |
| 2020-12-31 | $743,000 | — |
| 2021-12-31 | $0 | $11.5 million |
| 2022-12-31 | $0 | — |
| 2023-12-31 | $0 | — |
| 2024-12-31 | $40.6 million | $8.7 million |
| 2025-12-31 | $0 | $15.3 million |
Vishay Intertechnology filed 4 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 Vishay Intertechnology’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 2026-02-13. 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.