Worthington Enterprises layoffs, on the record
Every job cut, severance charge and restructuring Worthington Enterprises reported in its annual reports, 2024 to 2026, quoted from the filings. Headcount went from approximately 3,800 to approximately 3,800.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2024 | approximately 3,800 | May 31, 2024 |
| 10-K for 2025 | approximately 3,400 | May 31, 2025 |
| 10-K for 2026 | approximately 3,800 | As of May 31, 2026 |
Job cuts, severance and restructuring
Our summaryRestructuring tied to the deconsolidation of the Sustainable Energy Solutions business, recorded as a one-time loss in restructuring and other expense.
Word for word“Upon closing of the transaction, the contributed net assets were deconsolidated, resulting in a one-time loss of $ 30,502 within restructuring and other (income) expense, net in our fiscal 2024 consolidated statement of earnings, as summarized below.” 10-K for 2024
Our summaryA reduction in workforce at the Columbus, Ohio facility and organizational realignment within Building Products.
Word for word“Restructuring activity in the prior fiscal year was related primarily to a reduction in workforce at our Columbus, Ohio facility, organizational realignment within Building Products and a pretax gain of $1.2 million from the sale of real property in Tulsa, Oklahoma.” 10-K for 2024
Our summarySeverance payments within Consumer Products and Building Products, partly offset by a gain on the sale of real property in Tulsa, Oklahoma.
Word for word“Restructuring and other income, net in fiscal 2023 was driven by a pre-tax gain of $1.2 million related to the sale of real property in Tulsa, Oklahoma, partially offset by severance related payments within Consumer Products and Building Products.” 10-K for 2024
Our summaryRecorded restructuring and other expense, net, of $10.5 million in fiscal 2025, including a $4.5 million increase in the fair value of the Ragasco earnout liability and $2.6 million of stock-based compensation tied to the former CEO's retirement.
Word for word“Restructuring and other expense, net during fiscal 2025 included a $4.5 million increase in the fair value of the contingent liability associated with the Ragasco earnout arrangement, as well as stock-based compensation expense of $2.6 million related to the accelerated vesting of certain equity awards upon the retirement of our former CEO.” 10-K for 2025
Our summaryRecorded a loss on deconsolidation of the former Sustainable Energy Solutions business within restructuring and other expense, net, in the fourth quarter of fiscal 2024.
Word for word“Upon closing of the transaction, the contributed net assets were deconsolidated, resulting in a loss of $ 30,502 within restructuring and other (income) expense, net in our fiscal 2024 consolidated statement of earnings, as summarized below.” 10-K for 2025
Our summaryReported restructuring and other expense, net of $29.3 million in fiscal 2024, primarily related to the deconsolidation of the Sustainable Energy Solutions business.
Word for word“Restructuring charges in the prior fiscal year were primarily related to the deconsolidation of our Sustainable Energy Solutions business.” 10-K for 2025
Our summaryDescribed the company's restructuring programs, which may include facility closures, consolidation, and general rationalization of headcount, generally giving rise to severance pay.
Word for word“Our restructuring programs may include closing or consolidating production facilities or moving manufacturing of a product to another location, realignment of the management structure of a business unit in response to changing market conditions or general rationalization of headcount.” 10-K for 2025
Our summaryThe company recorded restructuring and other expense in fiscal 2026, made up mainly of acquisition and divestiture transaction costs plus employee severance.
Word for word“Restructuring and other expense, net in fiscal 2026 consisted primarily of transaction costs related to acquisitions and divestitures, as well as employee severance.” 10-K for 2026
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2017-05-31 | $5.6 million | $7.4 million |
| 2018-05-31 | $3 million | $2.8 million |
| 2019-05-31 | $2.4 million | $2.4 million |
| 2020-05-31 | $9.9 million | $4 million |
| 2021-05-31 | $2.8 million | $8.3 million |
| 2022-05-31 | −$445,000 | $368,000 |
| 2024-05-31 | $825,000 | $772,000 |
| 2025-05-31 | $3.2 million | $2.7 million |
| 2026-05-31 | $6.9 million | $7.4 million |
Worthington Enterprises 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 Worthington Enterprises’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 2026-07-30. 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.