Wolfspeed layoffs, on the record
Every job cut, severance charge and restructuring Wolfspeed reported in its annual reports, 2024 to 2026, quoted from the filings. Headcount went from 5,013 to 2,371.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2024 | 5,013 | June 30, 2024 |
| 10-K for 2025 | 3,434 | June 29, 2025 |
| 10-K for 2026 | 2,371 | June 28, 2026 |
Job cuts, severance and restructuring
Our summaryCompany reported severance costs of $3.4 million in fiscal 2023 within other operating expense, falling to none in fiscal 2024.
Word for word“Severance costs — 3.4 1.2 (3.4) (100) % 2.2 183 % Other operating expense $18.3 $10.8 $13.7 $7.5 69 % ($2.9) (21) % Project, transformation and transaction costs primarily relate to professional services fees associated with completed and potential acquisitions and divestitures, as well as internal transformation programs focused on optimizing our administrative processes.” 10-K for 2024
Our summaryCompany recorded factory optimization restructuring costs in fiscal 2022 under a multi-year plan that concluded in fiscal 2022; no such costs were recorded in fiscal 2023 or 2024.
Word for word“The factory optimization restructuring plan concluded in fiscal 2022.” 10-K for 2024
Our summaryCompany initiated a headcount reduction and facility closure and consolidation plan.
Word for word“During the first quarter of 2025, we initiated a headcount reduction and facility closure and consolidation plan.” 10-K for 2025
| Fiscal year ended | Severance costs | Restructuring charges | Restructuring costs incurred | Cash paid for restructuring |
|---|---|---|---|---|
| 2017-06-25 | $2.2 million | $0 | — | — |
| 2018-06-24 | $4.5 million | $3.8 million | $3.8 million | — |
| 2020-06-28 | $2.1 million | $9.1 million | — | — |
| 2021-06-27 | $6.2 million | $11 million | — | — |
| 2022-06-26 | $1.2 million | $7.3 million | — | — |
| 2023-06-25 | $3.4 million | — | — | — |
| 2025-06-29 | $1.4 million | $91.5 million | — | $60.8 million |
Wolfspeed filed 1 restructuring notice (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 Wolfspeed’s annual reports (10-K for 2026, 10-K for 2025, 10-K for 2024) and the financial data it files with the SEC, as of 2026-08-20. 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.