Layoffs in 2025: what 285 companies told the SEC
Every 2025 job cut that companies filing with the SEC put on the record: 102 restructuring notices, the cuts their annual reports describe, and the severance they reported, each quoted and linked to the filing.
Restructuring notices filed in 2025
A company files a restructuring notice (Form 8-K, Item 2.05) when it commits to a cut it judges material. 102 were filed in 2025, newest first.
The cuts, in the companies’ own words
Job cuts that annual reports place in 2025, and the severance and positions eliminated that companies reported for fiscal years ending in 2025. Largest stated cut first.
Autoliv
Our summaryAutoliv reported that its global structural cost reduction program's target of cutting 6,000 direct labor positions was achieved by the end of 2025.
Word for word“It is the Company's estimate that the program's target of 6,000 direct labor workforce reduction was achieved by the end of 2025.” 10-K for 2025
GoHealth
Our summaryThe company issued WARN Act notices for a reduction in force at its Chicago headquarters and remote workforce, citing a need to conserve capital.
Word for word“In November 2025, we issued Worker Adjustment and Retraining Notification (WARN) Act notices to approximately 487 employees in relation to a reduction in force (“RIF”) at the Company's Chicago headquarters and remote workforce around the country.” 10-K for 2025
Ingram Micro Holding
Our summaryIn Fiscal Year 2025 the company recorded restructuring costs for staffing changes and headcount reductions.
Word for word“In Fiscal Year 2025, we incurred restructuring costs of $ 15,432 , which included organizational and staffing changes as well as headcount reductions of 375 .” 10-K for 2025
Pitney Bowes
Our summaryDuring 2025 the company eliminated about 360 positions under the 2025 Plan and recorded a $36 million charge.
Word for word“During 2025, we eliminated approximately 360 positions and incurred charges of $ 36 million.” 10-K for 2025
Wayfair
Our summaryWayfair announced a workforce reduction in its Technology team and recorded charges for it during 2025.
Word for word“On March 7, 2025, Wayfair announced a workforce reduction involving approximately 340 members of its Technology team.” 10-K for 2025
Fair Isaac
Our summaryIn the fourth quarter of fiscal 2025 the company recorded employee separation costs for eliminating 226 positions across the company, with all cash payments due by the end of fiscal 2026.
Word for word“During the fourth quarter of fiscal 2025, we incurred charges of $10.9 million in employee separation costs due to the elimination of 226 positions throughout the Company.” 10-K for 2025
Kronos Worldwide
Our summaryThe company carried out voluntary and involuntary workforce reductions at its operating locations in the fourth quarter of 2025 and booked about $10 million of restructuring charges.
Word for word“We recognized a total of approximately $10 million in restructuring charges in the fourth quarter of 2025 related to workforce reductions impacting approximately 226 positions.” 10-K for 2025
Spirit Aviation Holdings
Our summaryCompany decided to eliminate about 200 positions from various departments as part of ongoing efficiency efforts.
Word for word“In addition, in January 2025, as part of our ongoing 15 efforts to optimize and enhance efficiencies, we made the decision to eliminate approximately 200 positions from various departments.” 10-K for 2024
Miller Industries
Our summaryThe company cut about 150 positions at three U.S. manufacturing facilities as part of a cost reduction plan announced in August 2025.
Word for word“Under this plan, we reduced our headcount by approximately 150 positions across three of our U.S. manufacturing facilities during the third quarter of 2025.” 10-K for 2025
Manhattan Associates
Our summaryThe company eliminated about 100 positions to align its services capacity with customer demand.
Word for word“On January 14, 2025 , the Company eliminated about 100 positions to align our services capacity with customer demand, which has been impacted by short-term macro-economic uncertainty.” 10-K for 2024
Our summaryThe company expects to record a pre-tax restructuring expense in connection with the workforce reduction.
Word for word“In connection with this workforce reduction, the Company expects to record a pre-tax restructuring expense in the first quarter of 2025 of approximately $ 2.8 million.” 10-K for 2024
Grocery Outlet Holding
Our summaryWorkforce reduction under the Restructuring Plan reduced headcount by approximately 40 full-time employees.
Word for word“We reduced headcount by approximately 40 full-time employees in the first quarter of fiscal 2025 with total cash costs incurred of $ 1.6 million, including employee severance, employee benefit and related costs.” 10-K for 2024
Enpro
Our summaryThe company cut administrative and manufacturing positions as part of its restructuring in 2025, 2024 and 2023.
Word for word“Workforce reductions associated with our restructuring activities in 2025, 2024, and 2023 totaled 35, 77, and 72 administrative and manufacturing positions, respectively.” 10-K for 2025
International Paper
EnerSys
Goodyear Tire & Rubber
HP
Intel
Teads Holding
Trinseo
Albany International
Our summaryAnnounced closures of engineered fabric facilities in Italy and France and a facility in the UK in the Machine Clothing segment, with restructuring charges tied to workforce reductions.
Word for word“These actions drove $8.3 million of restructuring charges during 2025, compared to $11.2 million in 2024, a decrease that is primarily due to the timing of the announced actions, workforce reductions, and related costs.” 10-K for 2025
Our summaryReduced the workforce at various Albany Engineered Composites locations, causing restructuring expenses.
Word for word“At AEC, restructuring activities were related to reductions in the workforce at various AEC locations, which resulted in restructuring expenses of $3.3 million for the year ended 2025 and $3.6 million for the year ended 2024.” 10-K for 2025
Alcoa
Alight, Inc. / Delaware
Applied Materials
Our summaryApproved a workforce reduction plan, the Fiscal 2025 Restructuring Plan, expected to affect about 4% of the global workforce.
Word for word“In the fourth quarter of fiscal 2025, we approved a workforce reduction plan (Fiscal 2025 Restructuring Plan) to position us for continued growth as a more competitive and productive organization and expect approximately 4% of our global workforce to be impacted under this plan.” 10-K for 2025
Atkore
Our summaryThe company announced a plan to cut costs through headcount reductions, site closures and strategic divestitures.
Word for word“On September 29, 2025, we announced our intention to reduce costs through headcount reductions, site closures and strategic divestitures.” 10-K for 2025
Brown Forman
Bumble
Our summaryAnnounced a global workforce reduction (2025 Restructuring Plan) cutting about 30% of employees, with about $15.0 million of total non-recurring charges expected through the first quarter of 2026.
Word for word“In June 2025, we announced our decision to reduce our global workforce (the “2025 Restructuring Plan”) by approximately 240 roles, representing approximately 30% of our employees, as we realign our operating structure to optimize execution on our strategic priorities.” 10-K for 2025
Domtar
Elanco Animal Health
Our summaryThe company recorded 2025 Restructuring Plan charges of $155 million, mostly severance costs plus non-cash impairments on two facilities, and expects more charges in 2026.
Word for word“In 2025, we incurred $155 million of charges associated with the 2025 Restructuring Plan, of which $116 million related to expected cash-based severance costs and $39 million related primarily to non-cash impairment charges associated with our animal studies R&D facilities in Monheim, Germany, and our manufacturing facility in Kansas City, Kansas.” 10-K for 2025
FMC
FTI Consulting
Fortune Brands Innovations
Green DOT
Haemonetics
Hewlett Packard Enterprise
Hormel Foods
Hyster-yale
Illumina
Our summaryIllumina launched an additional cost reduction program in the first quarter of 2025 that included workforce reductions and cuts to stock-based compensation and non-labor spending, to offset expected lower Greater China revenue and NIH funding uncertainty.
Word for word“In Q1 2025, we implemented an incremental cost reduction initiative that included optimizing stock-based compensation and non-labor spending, as well as workforce reductions, to help mitigate the expected impact of a reduction in revenue and operating income from our Greater China business and the uncertainty in the U.S. government’s funding of the National Institutes of Health.” 10-K for 2025
Ingredion
J&J Snack Foods
Jabil
Kohls
Kulicke & Soffa Industries
Merck
Microchip Technology
Our summaryThe company put in place a business recovery plan with restructuring steps to cut costs, resize manufacturing and reduce headcount.
Word for word“In March 2025, we implemented a business recovery plan which included restructuring actions to reduce our costs, resize our manufacturing operations and reduce our headcount.” 10-K for 2026
Our summaryThe company announced restructuring measures including closing the Tempe fab and cutting headcount at several manufacturing sites.
Word for word“In the third and fourth quarters of fiscal 2025, the Company announced restructuring and cost reduction measures, including closure of its Tempe, Arizona wafer fabrication facility, and a reduction in headcount at its manufacturing facilities in Oregon, Colorado Springs and the Philippines.” 10-K for 2026
Newell Brands
Outfront Media
Pfizer
Post Holdings
Sarepta Therapeutics
Our summaryAnnounced a strategic restructuring plan with a revised cost structure, a changed program portfolio and a reduction in force.
Word for word“In July 2025, we announced a strategic restructuring plan, which included a revised cost structure and program portfolio and a reduction in force.” 10-K for 2025
Signet Jewelers
Smurfit Westrock
Solaredge Technologies
Our summaryThe company announced a restructuring plan in January 2025 that included a further reduction in workforce.
Word for word“In January 2025, the Company announced the adoption of a restructuring plan, in response to challenging industry conditions, which included an additional reduction in workforce.” 10-K for 2025
Sonos
Our summarySonos announced a second restructuring in February 2025 that cut about 12% of its employees.
Word for word“In furtherance of this initiative, the Company announced a subsequent restructuring on February 5, 2025, including a reduction in force involving approximately 12 % of its employees (the “2025 restructuring plan”).” 10-K for 2025
Southwest
Our summaryThe company recorded a one-time expense of $62 million in the first quarter of 2025 for the workforce reduction, expected 2025 savings of about $230 million and estimated 2026 savings of about $310 million.
Word for word“As a result of the reduction in workforce, the Company incurred a one-time expense of $62 million during first quarter 2025, achieved 2025 savings of approximately $230 million, and estimates 2026 savings of approximately $310 million.” 10-K for 2025
Synopsys
TripAdvisor
Tronox Holdings
UL Solutions
UiPath
Warner Music Group
Our summaryThe company recorded severance and other termination costs under the 2025 plan in fiscal 2025, split across segments.
Word for word“For the fiscal year ended September 30, 2025, total severance and other termination costs recorded in connection with the 2025 Strategic Restructuring Plan were $90 million, of which $74 million of expense was recognized in our Recorded Music segment, $5 million was recorded in our Music Publishing segment, and $11 million was recognized in Corporate.” 10-K for 2025
WillScot Holdings
Workday
Xylem
Zebra Technologies
ZoomInfo Technologies
1-800-Flowers.com
Our summaryThe company recorded severance and restructuring charges in fiscal 2026 and fiscal 2025, mainly for an enterprise-wide workforce reduction aimed at cutting costs and streamlining the organization.
Word for word“During the years ended June 28, 2026 and June 29, 2025, the Company recorded severance and restructuring charges of $ 12.3 million and $ 5.8 million, respectively, primarily related to an enterprise reduction in workforce focused on reducing costs and streamlining the organization.” 10-K for 2026
AMC Global Media
Our summaryRecorded 2025 restructuring charges, mostly for the international AMCNI Plan, which includes channel re-branding, a workforce reduction in Southern Europe, a U.K. joint venture wind-down and an Argentina voluntary buyout.
Word for word“Restructuring and other related charges were $26.5 million for the year ended December 31, 2025, $17.5 million of which related to our AMCNI Plan designed to achieve cost reductions and streamline operations including channel re-branding and a reduction of workforce in Southern Europe, the wind-down of a U.K. joint venture, and a voluntary buyout program for employees in Argentina.” 10-K for 2025
Acuity Inc. (de)
AdaptHealth
Advance Auto Parts
Our summaryCompany plans to close stores, independent locations and distribution centers under the 2024 Restructuring Plan, along with headcount reductions.
Word for word“This plan anticipates closure of approximately 500 stores, approximately 200 independent locations and four distribution centers by mid-2025, as well as headcount reductions.” 10-K for 2024
Air Products & Chemicals
Ally Financial
Our summaryAlly reduced its workforce, along with the credit card sale and the end of consumer mortgage originations, to focus on core businesses and optimize its organizational structure, which lowered headcount in 2025.
Word for word“The decrease in employees for the year ended December 31, 2025, was primarily attributable to the sale of our credit card operations, the ceasing of consumer mortgage originations, and workforce reductions, in order to focus on our core businesses and optimize our organizational structure.” 10-K for 2025
Amazon
Our summaryAmazon recorded estimated severance costs for 2025, mainly tied to planned role eliminations, with most of the charge booked in the third and fourth quarters.
Word for word“For the year ended December 31, 2025, we recorded approximately $ 2.7 billion of estimated severance costs primarily related to planned role eliminations, of which $ 1.8 billion was recorded in Q3 2025 and $ 730 million was recorded in the fourth quarter.” 10-K for 2025
Amcor
Americold Realty Trust
Our summarySeverance costs rose in 2025 mainly because the company carried out more workforce reductions than in the prior year.
Word for word“These costs increased $1.1 million primarily due to increased workforce reductions during the year ended December 31, 2025.” 10-K for 2025
Angi
Our summaryAngi expects total restructuring charges for the workforce reduction, with part recorded in the fourth quarter of 2025 and the rest expected in the first quarter of 2026.
Word for word“As a result of the reduction in workforce, the Company estimates that it will incur approximately $ 22.0 million to $ 30.0 million in total restructuring charges, of which $ 12.8 million was recorded in the fourth quarter of 2025, and the remainder is expected to be recorded in the first quarter of 2026.” 10-K for 2025
AppLovin
Our summarySales and marketing expenses fell in 2025 compared to 2024, partly because the company reduced headcount.
Word for word“Sales and marketing expenses in 2025 decreased by $49.2 million, or 19%, compared to 2024 due primarily to a decrease of $57.1 million in personnel-related expenses related to a decrease in stock-based compensation related payroll costs and a reduction in headcount.” 10-K for 2025
Aramark
ArcelorMittal
Our summaryArcelorMittal France and the unions agreed on a workforce reduction plan.
Word for word“In November 2025, both parties reached to an agreement on a workforce reduction plan .” 20-F for 2025
Array Technologies
Arrow Electronics
Astec Industries
Avantor
Avient
Our summaryThe company recorded charges for workforce reductions and plant closures during 2025, 2024 and 2023, driven by productivity initiatives and organizational changes.
Word for word“During the years ended December 31, 2025, 2024 and 2023, additional charges were recognized associated with workforce reductions and plant closures.” 10-K for 2025
Axalta Coating Systems
Axon Enterprise
BILL Holdings
Our summaryThe company announced a reduction in force affecting about 6% of employees.
Word for word“On October 15, 2025, in furtherance of this commitment, we announced a reduction-in-force (RIF) impacting approximately 6% of employees.” 10-K for 2026
BRC Group Holdings
Our summaryThe Marconi Wireless segment cut headcount and paid severance in 2025 because of terminations, which lowered compensation expense.
Word for word“The decrease was primarily due to a decrease of $0.3 million in employee compensation and benefit related expenses, primarily related to headcount reductions and severances paid in 2025 due to terminations, offset by an increase of $0.3 million in other expenses, primarily related to higher bad debt expense.” 10-K for 2025
Our summaryThe Wealth Management segment reduced headcount after selling part of its W-2 business to Stifel, lowering compensation expense.
Word for word“The decrease was primarily due to a reduction in headcount from the sale of a portion of the Company’s (W-2) Wealth Management business to Stifel in April 2025 which resulted in decreases of $30.4 million in employee compensation and benefit related expenses, $4.0 million in other expenses primarily due to legal settlement of contingent consideration, $2.0 million in depreciation and amortization due to the sale of assets, and $0.2 million in professional services, partially offset by an increase of $2.6 million in occupancy-related costs driven by multiple office closures and lease impairments.” 10-K for 2025
Bakkt
Our summaryThe company recorded restructuring expenses for 2025, made up of severance tied to the Co-CEO's August 2025 resignation and a reduction in force carried out in the first quarter of 2025.
Word for word“Restructuring expenses of $5.3 million during the year ended December 31, 2025 consist of severance cost related to the August 2025 resignation of the Co-CEO and a reduction in force executed in the first quarter of 2025.” 10-K for 2025
Bally's
Barnes & Noble Education
Bausch & Lomb
Belden
Benchmark Electronics
Our summaryIn 2025 the company recorded restructuring charges mainly for closing its Fremont, California site and old Guadalajara, Mexico facility, exiting a business in the Americas, and smaller capacity and workforce reductions in various regions.
Word for word“During 2025, we recognized $7.4 million of restructuring charges and other costs which primarily related to closures of our site in Fremont, California and our old facility in Guadalajara, Mexico in the Americas, the exit of a business in the Americas, and other smaller activities involving capacity reductions and reductions in workforce in certain facilities across various regions.” 10-K for 2025
Block
Brinker International
Bristol Myers Squibb
C. H. Robinson Worldwide
Our summaryThe company recorded restructuring charges in 2025, mainly for workforce reductions and related personnel expenses.
Word for word“In 2025, we recognized restructuring charges of $ 30.4 million primarily related to workforce reductions and related personnel expenses.” 10-K for 2025
CNX Resources
Our summaryThe company cut its workforce at the end of the first quarter of 2025, which lowered salaries, wages and employee benefits expense.
Word for word“Salaries, wages and employee benefits decreased in the period-to-period comparison due to a reduction in headcount that occurred at the end of the first quarter of 2025.” 10-K for 2025
Our summaryThe company recorded severance expense in other corporate expense for the headcount reduction made at the end of the first quarter of 2025.
Word for word“• Other corporate expense primarily consists of severance expense related to the reduction in headcount that occurred at the end of the first quarter of 2025.” 10-K for 2025
Cardinal Health
Cencora
Our summaryIn fiscal 2025 the company recorded restructuring and severance costs, mainly for workforce reductions in both of its reportable segments.
Word for word“Restructuring and employee severance costs in fiscal 2025 primarily included expenses incurred related to workforce reductions in both of the Company’s reportable segments.” 10-K for 2025
Charles River Laboratories International
Chemours
Chevron
Ciena
Our summaryIn the fourth quarter of fiscal 2025 the company began a plan to improve operating efficiency by cutting 4% to 5% of its global workforce and stopping investment in certain broadband development projects, mainly 25G PON.
Word for word“During the fourth quarter of fiscal 2025, we began implementing a plan intended to deliver increased operating efficiencies through a reduction in headcount of 4% to 5% of our global workforce and a decision to cease forward investment in certain broadband development initiatives, primarily 25G PON.” 10-K for 2025
Clearwater Paper
Coherent
Our summaryManagement approved the 2025 Plan, which includes site consolidations, closures, workforce reductions and contract terminations.
Word for word“Commencing in the quarter ended March 31, 2025, and as part of the ongoing strategic review of the Company’s business, the Company’s management approved the 2025 Plan to take a number of restructuring actions, including site consolidations, facilities moves and closures, workforce reductions, contract terminations, and certain other associated cost reductions.” 10-K for 2026
Commvault Systems
Compass Minerals International
Our summaryThe company recorded severance and related charges for reductions in workforce, changes to executive leadership, and restructuring costs tied to ending its lithium development project, as part of aligning its cost structure to business needs.
Word for word“(e) The Company continued to take steps to align its cost structure to its current business needs. These initiatives impacted Corporate and Other operating results and resulted in net severance and related charges, excluding stock-based compensation forfeitures, for reductions in workforce, changes to executive leadership and additional restructuring costs related to the termination of the Company’s lithium development project recorded in Other operating (income) expense of $ 4.3 million, $ 15.8 million and $ 5.5 million for the fiscal years ended September 30, 2025, September 30, 2024 and September 30, 2023, respectively.” 10-K for 2025
Conocophillips
Cooper-Standard
Our summaryThe 2025 restructuring expense was mostly other exit costs from closing and downsizing plants in Europe and North America, plus employee separation costs from workforce reductions.
Word for word“Restructuring expense for the year ended December 31, 2025 primarily consisted of other exit costs associated with the closure and downsizing of certain plants in Europe and North America, as well as employee separation costs related to workforce reduction initiatives aimed at optimizing the Company’s cost structure.” 10-K for 2025
Corning
Coupang
Our summaryThe company carried out restructuring actions tied to the Farfetch acquisition, cutting headcount and exiting leases and licensing agreements.
Word for word“Throughout 2024 and 2025, we undertook restructuring actions to reduce headcount and exit leases and licensing agreements associated with Farfetch.” 10-K for 2025
Covista
Our summaryAdtalem recorded restructuring expense in fiscal 2025 primarily driven by workforce reductions, costs to exit certain course offerings, and prior real estate consolidations at its home office.
Word for word“During fiscal year 2025, Adtalem recorded restructuring expense primarily driven by workforce reductions, costs to exit certain course offerings, and prior real estate consolidations at Adtalem’s home office.” 10-K for 2025
Crane NXT
Crawford
Cummins
DXC Technology
Our summaryManagement approved global cost savings initiatives to better align workforce, facility, and data center requirements, with restructuring costs recorded in fiscal 2025.
Word for word“Total restructuring costs recorded, net of reversals, during fiscal 2025 were $153 million, an increase of $42 million compared to the prior fiscal year, primarily from a reduction in workforce-related expenses.” 10-K for 2025
Deere (John Deere)
Our summaryDeere recognized pension curtailment expense tied to layoffs of U.S. hourly employees in 2025 and 2024.
Word for word“During 2025 and 2024, curtailment expense of $ 18 and $ 35 , respectively, was recognized related to U.S. hourly employee layoffs.” 10-K for 2025
Dell
Our summaryDell recorded severance expense for workforce reduction activities in each of the last three fiscal years.
Word for word“During Fiscal 2026, Fiscal 2025, and Fiscal 2024, we recognized $0.6 billion, $0.7 billion, and $0.6 billion, respectively, of severance expense related to workforce reduction activities.” 10-K for 2026
Designer Brands
Donnelley Financial Solutions
Douglas Elliman
Our summaryThe company recorded restructuring expense, mainly employee severance and benefits tied to staff reductions, in 2025 and 2024.
Word for word“(y) Restructuring : Restructuring expense primarily consists of employee severance and benefits expensed for the years ended December 31, 2025 and 2024 associated with the reduction in staff and are cash charges.” 10-K for 2025
Dover
Our summaryDover recorded restructuring charges in 2025, mainly for exit costs and headcount reductions across all segments, most of all in Climate & Sustainability Technologies and Clean Energy & Fueling.
Word for word“During the year ended December 31, 2025, restructuring charges of $56.7 million were primarily related to exit costs and headcount reductions across all segments, most notably within the Climate & Sustainability Technologies and Clean Energy & Fueling segments.” 10-K for 2025
Duke Energy
Eastman Chemical
Elbit Systems
Embecta
Entegris
Enviri
Euronet Worldwide
Evercore
Everpure
Fabrinet
FedEx
Our summaryThe company reported business optimization costs for fiscal 2025, including costs of the European workforce reduction plan.
Word for word“We incurred business optimization costs of $ 756 million ($ 577 million, net of tax, or $ 2.37 per diluted share) in 2025, including $ 235 million of costs related to the workforce reduction plan in Europe.” 10-K for 2025
Ferguson Enterprises
Flowers Foods
Our summaryAnnounced a restructuring program with a reduction-in-force after a cost-to-serve review, and recorded employee termination costs.
Word for word“Based on this review, we announced a restructuring program in the third quarter of Fiscal 2025 and incurred costs for employee termination benefits related to a reduction-in-force ("RIF") of $5.5 million and made payments of $4.8 million during Fiscal 2025.” 10-K for 2026
Fossil Group
Our summaryThe company cut SG&A costs by about $100 million in 2025 through several initiatives, including a strategic reduction in force, a shift to distributors in smaller international markets, and closing underperforming retail stores.
Word for word“In 2025, we achieved selling, general and administrative ("SG&A") cost savings of approximately $100 million as compared to fiscal 2024 through a series of initiatives including a strategic reduction in force, the reduction in costs associated with the transition of smaller international markets to a distributor model, and the closing of underperforming FOSSIL retail stores.” 10-K for 2026
Frontdoor
GE HealthCare Technologies
GMS
Our summaryThe company carried out cost reduction plans in fiscal 2025 that cut jobs and closed four distribution centers, recording $13.5 million of one-time costs.
Word for word“During fiscal 2025, the Company implemented strategic cost reduction plans to improve operational efficiency, including reductions in workforce and the closure of four distribution centers.” 10-K for 2025
Our summaryThe company recorded restructuring costs for a cost reduction plan, mostly in its geographic divisions segment, including severance for a workforce reduction and a lease asset impairment for closed facilities.
Word for word“During fiscal 2025, the Company recorded $ 13.5 million of restructuring costs as part of a strategic cost reduction plan to improve operational efficiency, primarily in its geographic divisions segment, which included $ 10.1 million of severance and other employee costs in connection with a reduction in workforce and $ 3.4 million for impairment of operating lease ROU assets in connection with the closure of certain facilities.” 10-K for 2025
Gentex
Gilead Sciences
Our summaryGilead recorded restructuring charges in 2025 and 2024 mainly for workforce reductions.
Word for word“In 2025 and 2024, we incurred restructuring charges primarily related to reductions in our workforce.” 10-K for 2025
Global Business Travel Group
Our summaryThe company recorded restructuring charges, mainly for actions started after reviewing the combined business following the CWT acquisition, plus severance costs from a workforce reduction to improve efficiency.
Word for word“For the year ended December 31, 2025, restructuring charges of $52 million primarily related to restructuring actions initiated by us following a review of the combined business after completion of the CWT acquisition and other employee severance costs due to reduction in workforce to improve operational efficiencies (see note 12 - Restructuring, Exit and Related Charges to our consolidated financial statements included elsewhere in this Annual Report).” 10-K for 2025
Globant
Our summaryThe company launched a Business Optimization Plan to transform its operations, aiming for cost savings including through a headcount reduction.
Word for word“In addition, in April 2025, we launched a business optimization plan (the "Business Optimization Plan") to strategically transform our operations, which is expected to generate cost savings for the Company, including by examining practices and efficiencies in methods of working, reduction in headcount and optimizing external spend.” 20-F for 2025
Goldman Sachs
Our summaryThe company recognized severance expense during 2025, mostly tied to initiatives that reduced headcount.
Word for word“In 2025, we recognized severance expense of approximately $250 million, which was largely in connection with headcount reduction initiatives during the year.” 10-K for 2025
Grupo Televisa, S.a.b.
Our summaryThe company recorded lower non-recurring severance expenses tied to headcount reductions in 2025 than in 2024, which reduced other expense, net.
Word for word“This decrease reflected primarily: (i) the absence in 2025 of impairment adjustments recognized in the fourth quarter of 2024 in connection with goodwill, intangible assets and other long-lived assets; (ii) the absence in 2025 of a write-off made in 2024 of unrecoverable indirect taxes; (iii) the absence in 2025 of provisions made in 2024 for legal expenses; (iv) the absence in 2025 of surcharges recognized in 2024 for payments of income taxes from prior years; (v) lower non-recurring severance expenses in connection with headcount reductions; and (vi) an insurance claim recovery.” 20-F for 2025
H&R Block
Halliburton
Healthpeak Properties
Howmet Aerospace
Our summaryHowmet reported 2025 restructuring and other charges made up mostly of a U.K. pension settlement charge and a small layoff cost charge, partly offset by gains on selling assets at two closed facilities.
Word for word“Restructuring and other charges in 2025 consisted primarily of $89 charges for U.K. pension plan settlement accounting and a $3 charge for layoff costs partially offset by $5 in gains on the sales of assets at two small previously closed facilities.” 10-K for 2025
IDT
ITT
Icon
Idex
Our summaryThe company took restructuring actions in 2025, mainly severance, as it reorganized to connect scalable groups of businesses, which reduced headcount.
Word for word“Severance costs in 2025 were incurred in conjunction with organizational changes, primarily designed to connect scalable groups of businesses, which resulted in a reduction of headcount.” 10-K for 2025
Ingersoll Rand
Ingevity
Integer Holdings
Intercontinental Exchange
Our summaryThe company reduced headcount in 2025 while realizing synergies from the Black Knight acquisition.
Word for word“Employee headcount slightly decreased in 2025 from 2024 due to headcount reductions in conjunction with realizing synergies from the Black Knight acquisition.” 10-K for 2025
Jetblue Airways
Kodak
Labcorp
Lands' End
Lazard
Lear
Linde
Lionsgate Studios
Lockheed Martin
Lumentum
MSC Industrial Direct
Our summaryThe company reduced its headcount by eliminating various positions to optimize its cost structure and improve operational efficiency, under its optimization of operations and profitability improvement program.
Word for word“During fiscal year 2025, the Company reduced its headcount by eliminating various positions to optimize its cost structure and improve operational efficiency.” 10-K for 2025
Marvell Technology
Masco
Our summaryMasco began restructuring actions in late 2025 to streamline the business, reduce headcount and optimize operations, taking charges in Q4 2025 and expecting more in 2026.
Word for word“In the fourth quarter of 2025, we began implementing various restructuring actions to further streamline our business, reduce headcount, and optimize operations.” 10-K for 2025
Match Group
Our summaryThe company launched an enterprise-wide initiative in 2025 to cut operating costs by reducing headcount, management layers, and duplicated functions, which was the main reason headcount fell.
Word for word“The decrease in headcount was largely due to the launch in 2025 of an enterprise-wide initiative to further leverage our portfolio approach and decrease operating costs by, among other things, reducing headcount, management layers, and duplication of certain functions across the Company.” 10-K for 2025
Our summaryThe company said it consolidated some legacy brand platforms from 2023 to 2025 and in 2025 began an enterprise-wide cost initiative that includes reducing headcount and duplicated functions.
Word for word“From 2023 to 2025, we consolidated some of our legacy brands’ platforms and, in 2025, we launched an enterprise-wide initiative to further leverage our portfolio approach and decrease operating costs by, among other things, reducing headcount and duplication of certain functions across the Company and sharing more operational infrastructure across brands.” 10-K for 2025
Matrix Service
Maxlinear
Our summaryIn 2025 the company recorded restructuring costs made up of charges for CAD software license contracts it stopped using, severance, and facility exit costs tied to a workforce reduction.
Word for word“In the year ended December 31, 2025, the Company incurred $ 24.5 million in restructuring costs, which included $ 17.1 million in charges under contracts associated with computer-assisted design tool licenses, which the Company ceased using during the period, plus $ 6.9 million in severance costs and related expenses and $ 0.4 million from exiting facilities, in connection with a workforce reduction.” 10-K for 2025
McKesson
Micron Technology
Middleby
Our summaryThe company said its restructuring expenses in fiscal 2025 and fiscal 2024 were mainly for headcount reductions and facility consolidations in both segments.
Word for word“Restructuring expenses in fiscal 2025 and fiscal 2024 related primarily to headcount reductions and facility consolidations within both segments.” 10-K for 2026
Minerals Technologies
Our summaryIn 2025 the company started a cost savings program, mainly through workforce reductions, and recorded severance and related costs.
Word for word“In 2025, the Company initiated a cost savings program, primarily through workforce reductions and recorded a charge of $ 5.5 million for severance and other related costs associated with this program.” 10-K for 2025
Mobileye Global
Our summaryThe company carried out a reduction in workforce in the fourth quarter of 2025 and recorded related costs in research and development expenses.
Word for word“This increase was primarily due to an increase in payroll and related expenses, resulting from an increase in average research and development headcount of 147 employees and the costs related to the reduction in workforce implemented during the fourth quarter of 2025.” 10-K for 2025
Modine Manufacturing
Our summaryFiscal 2025 severance in Europe and North America within Performance Technologies, including targeted headcount reductions, plus severance in Climate Solutions tied to the pending closure of a production facility in Italy.
Word for word“During fiscal 2025, restructuring and repositioning expenses primarily consisted of severance expenses in Europe and North America within the Performance Technologies segment and included targeted headcount reductions intended to reduce SG&A and operational expenses.” 10-K for 2025
Our summaryThe company approved additional headcount reductions in the Performance Technologies segment and expects to record severance expenses in the first quarter of fiscal 2026.
Word for word“In May 2025, the Company approved additional headcount reductions in the Performance Technologies segment and, as a result, expects to record approximately $ 4.0 million of severance expenses during the first quarter of fiscal 2026.” 10-K for 2025
Nasus Pharma
NetApp
Our summaryCompany executed several restructuring plans in fiscal 2025 to redirect resources and reduce costs, mainly employee severance.
Word for word“During fiscal 2025, we executed several restructuring plans and recognized expenses totaling $83 million consisting primarily of employee severance-related costs.” 10-K for 2025
Netscout Systems
Our summaryImplemented a voluntary separation program (VSP) for employees meeting age and service requirements to reduce overall headcount, with 142 employees voluntarily terminating.
Word for word“During the first quarter of fiscal year 2025, the Company implemented a voluntary separation program (VSP) for employees who met certain age and service requirements to reduce overall headcount.” 10-K for 2025
Nice
Nordson
Northern Trust
OSI Systems
Omnicom
Oracle
Our summaryOracle recorded restructuring expenses in fiscal 2025 and 2024, mainly employee severance under its Fiscal 2024 Oracle Restructuring Plan.
Word for word“(3) Restructuring expenses in fiscal 2025 and 2024 primarily related to employee severance in connection with the Fiscal 2024 Oracle Restructuring Plan (2024 Restructuring Plan).” 10-K for 2025
Organon
Our summaryOrganon implemented additional restructuring initiatives in the first quarter of 2025 that will result in a further headcount reduction.
Word for word“During the first quarter of 2025, we implemented additional restructuring initiatives that will drive operational efficiencies in 2025, and will result in an approximate 5 % headcount reduction.” 10-K for 2024
Ovintiv
PC Connection
Paccar
Pagaya Technologies
Paycom Software
Our summaryThe company said automating its core business systems led to reductions in headcount, which lowered some employee-related expenses in 2025, and it expects those expenses to be lower again in 2026.
Word for word“Automating our core business systems is creating new efficiencies that have led to reductions in headcount and, as a result, contributed to a decrease in certain employee-related expenses during the year ended December 31, 2025.” 10-K for 2025
Paysafe
Peabody Energy
Our summaryThe company recorded restructuring charges for 2025, 2024 and 2023, mostly for voluntary and involuntary workforce reductions.
Word for word“Included as a component of “Restructuring charges” in the Company’s consolidated statements of operations for the years ended December 31, 2025, 2024 and 2023 were aggregate restructuring charges of $ 9.5 million, $ 4.4 million and $ 3.3 million, respectively, primarily associated with voluntary and involuntary workforce reductions.” 10-K for 2025
Peloton Interactive
Our summaryPeloton announced a restructuring plan that cut global headcount to improve its cost structure and profitability, and said the plan was substantially implemented by June 30, 2026.
Word for word“Restructuring In August 2025, we announced a restructuring plan (the “2025 Restructuring Plan”), which included a reduction in global headcount and was designed to improve our cost structure, operating efficiency, and profitability, while providing us the opportunity to return to growth by reinvesting expected savings into our differentiating capabilities.” 10-K for 2026
Penguin Solutions
Our summaryThe company recorded restructuring charges for fiscal 2026, 2025 and 2024, mainly severance and benefits from workforce reductions, project eliminations and the wind down of Penguin Edge, and expects more such charges.
Word for word“Other operating expense in 2026, 2025, and 2024 included restructuring charges of $11.2 million , $2.1 million, and $7.1 million , respectively, primarily for employee severance costs and other benefits resulting from workforce reductions, the elimination of certain projects across our businesses and other costs associated with the wind down of our Penguin Edge business.” 10-K for 2026
People
Our summaryThe company restructured its print business, including reductions in force in the third quarter of 2025 and the fourth quarter of 2024.
Word for word“In response to these trends, we have reduced our exposure to print by eliminating the print component for certain brands, reducing circulation for others, and implementing restructuring actions, including reductions in force during the third quarter of 2025 and the fourth quarter of 2024.” 10-K for 2025
Playtika Holding
Price T Rowe
Our summaryThe company took steps in 2025 under its expense plan, including targeted role eliminations, outsourcing some technology work to vendors, and exiting certain owned buildings to be sold in 2026, and recorded a restructuring charge.
Word for word“In 2025, we took several steps to execute on this plan, including targeted role eliminations, outsourcing and expanding some of our technology capabilities through trusted vendor partnerships, and the decision to exit certain owned buildings with plans to dispose of the properties in 2026.” 10-K for 2025
Pricesmart
Primo Brands
ProFrac Holding
ProPetro Holding
Quad/Graphics
RED Robin Gourmet Burgers
Our summaryThe company carried out a reduction in force in the second quarter of fiscal 2025, with related team member severance.
Word for word“(2) During fiscal 2025, team member severance was primarily associated with a reduction in force, which occurred during the second quarter of fiscal 2025.” 10-K for 2025
Our summaryThe company recorded one-time termination benefits tied to the First Choice plan reduction in force during fiscal 2025.
Word for word“The Company incurred a cumulative total of $ 1.4 million in one-time termination benefits during fiscal 2025 related to the First Choice plan reduction in force, and was included in Other (gains) charges, net in the Consolidated Statements of Operations and Comprehensive Income (Loss).” 10-K for 2025
RTX (Raytheon)
Our summaryCollins Aerospace started various workforce reductions in 2025, which raised restructuring costs in selling, general, and administrative expenses.
Word for word“Selling, general, and administrative expenses increased $0.3 billion in 2025 compared to 2024, primarily driven by higher employee-related costs and higher restructuring costs related to ongoing cost reduction efforts driven by various workforce reductions initiated in 2025 at Collins.” 10-K for 2025
RadNet
Rexford Industrial Realty
Our summaryThe company recorded severance costs tied to a workforce reduction and reorganization during 2025, along with nonrecurring advisory costs.
Word for word“The increase also reflects $6.9 million of nonrecurring advisory costs and $4.4 million of severance costs related to a workforce reduction and reorganization, both incurred during 2025.” 10-K for 2025
SEI Investments
Our summaryThe company reduced its workforce in the fourth quarter of 2025 and incurred severance costs, which contributed to higher personnel costs.
Word for word“• The increase in personnel costs was primarily due to business growth, primarily in the Investment Managers segment, and severance costs incurred from a reduction in force in fourth quarter 2025.” 10-K for 2025
SLB
SPX Technologies
Salesforce
Our summaryThe company recorded restructuring charges in fiscal 2026, 2025 and 2024, mostly for workforce reductions, plus data center exits and office space reductions.
Word for word“The Company recognized $ 586 million, $ 461 million and $ 988 million in restructuring charges during fiscal 2026, 2025, and 2024 respectively, which were primarily comprised of workforce reductions that include charges for employee transition, severance payments, employee benefits and stock-based compensation, as well as charges for data center exits and office space reductions.” 10-K for 2026
Science Applications International
Scotts Miracle-gro
Seagate Technology Holdings
Our summaryCompany made cash payments primarily related to workforce reduction costs under its restructuring plans, and said future cash payments under remaining active plans are immaterial.
Word for word“During the fiscal year ended June 27, 2025, we made cash payments of $14 million, primarily related to workforce reduction costs under our restructuring plans.” 10-K for 2025
Select Water Solutions
SelectQuote
Semtech
Our summaryThe company recorded restructuring expenses for reorganization actions that cut its workforce as part of cost-saving measures and resource alignment.
Word for word“Restructuring expenses were $4.2 million and $4.9 million for fiscal years 2026 and 2025, respectively, from structural reorganization actions to reduce our workforce as a result of cost-saving measures and internal resource alignment.” 10-K for 2026
Stepan
Steris
Our summaryRecorded severance and other compensation related costs under the Restructuring Plan in fiscal 2025.
Word for word“The following table summarizes our total pre-tax restructuring expenses recorded in fiscal 2025 related to the Restructuring Plan: Restructuring Plan Years Ended March 31, (dollars in thousands) 2025 2024 Severance and other compensation related costs $ 29,030 $ 678 Lease and other contract termination and other costs 12,358 — Product rationalization (1) 16,232 18,320 Accelerated depreciation and amortization and asset impairment 4,655 25,392 Total Restructuring Expense $ 62,275 $ 44,390 (1) Recorded in Cost of revenues on the Consolidated Statements of Income.” 10-K for 2025
Stride
Superior Industries International
Our summaryThe company recorded restructuring charges in January 2025 for cash severance under an approved restructuring plan.
Word for word“In January 2025, the Company recognized restructuring charges of $ 2.1 million related to cash severance costs under an approved restructuring plan.” 10-K for 2024
Symbotic
Our summaryThe company recorded restructuring charges for severance and benefits tied to the workforce reduction of employees who joined with the ASR acquisition, partly reimbursed by Walmart.
Word for word“We incurred $22.9 million of restructuring charges for the year ended September 27, 2025 resulting from severance and other benefits expense primarily related to the reduction of workforce across all areas of the employees that joined the Company’s workforce in connection with the acquisition of ASR.” 10-K for 2025
TPI Composites
Our summaryThe company recorded higher restructuring charges in 2025, mainly pre-bankruptcy professional fees, plus more termination benefits for a workforce reduction at its India facility after a customer supply agreement ended.
Word for word“The increase in restructuring charges, net for the year ended December 31, 2025, as compared to the same period in 2024 was primarily due to $23.2 million of pre-petition professional fees related to our capital restructuring activities prior to the filing of the Chapter 11 Cases, as well as an increase in termination benefits associated with a reduction in workforce at our India facility at the conclusion of our supply agreement with one of our customers.” 10-K for 2025
Target
Our summaryTarget recognized costs and charges for workforce reductions, facility exits, and ending a commercial partnership as part of its business transformation.
Word for word“For example, in 2025, we recognized costs and charges related to reductions in our workforce, facility exits, and the termination of a commercial partnership.” 10-K for 2026
Our summaryTarget recorded severance and related costs, mainly for a headquarters workforce reduction, and most had been paid by year end.
Word for word“• Severance and Related Costs — During 2025, we recognized $ 129 million of severance and related costs within SG&A, primarily related to our headquarters workforce reduction.” 10-K for 2026
Telecom Argentina
Our summaryPersonal Network employee costs fell in 2025 because of lower severance payments and a smaller workforce.
Word for word“The decrease was mainly due to lower severance payments and a reduction in headcount of 6.7%, amounting to 18,085 employees as of December 31, 2025, and, partially offset by compensation increases for employees covered by collective bargaining agreements (as agreed by the Company with the various labor unions) as well as for employees not covered by such agreements.” 20-F for 2025
Teleflex
Teradyne
Teva Pharmaceutical Industries
Our summaryTeva announced Transformation programs in May 2025 to save costs, including by reducing headcount, and its workforce shrank in 2025 as a result.
Word for word“Under the Teva Transformation programs announced on May 7, 2025, we expect to achieve cost savings through a variety of initiatives including examining practices and efficiencies in methods of working, reduction in headcount and optimizing external spend.” 10-K for 2025
Timken
Tiptree
Our summaryEmployee compensation and benefits rose in 2025, partly because of one-time expenses tied to a reduction in workforce.
Word for word“For the year ended December 31, 2025, employee compensation and benefits were $33.8 million compared to $29.2 million for the prior year, driven by the increase in accrued incentive compensation expense and one-time expenses associated with reduction in workforce.” 10-K for 2025
TransUnion
Trinet Group
UPS
Unisys
UnitedHealth
Our summaryIn the fourth quarter of 2025 the company took restructuring and other actions with a total impact of $2.5 billion, which included real estate rationalization and workforce reductions of $746 million.
Word for word“Additionally, in the fourth quarter of 2025 the Company took restructuring and other actions that resulted in a total impact of $2.5 billion, which included real estate rationalization and workforce reductions of $746 million, contractual reassessments of $573 million, the establishment a loss contract reserve related to anticipated future losses in 2026 for certain value-based care businesses of $623 million, net valuation losses on equity securities of $329 million and the advance funding of the United Health Foundation of $250 million.” 10-K for 2025
Uniti
Verint Systems
Verizon
Vestis
Vontier
Our summaryThe company said its restructuring activities in 2025, 2024 and 2023 aimed at operational efficiency through targeted workforce reductions and facility consolidations and closures.
Word for word“The nature of restructuring and related activities initiated in the years ended December 31, 2025, 2024 and 2023 focused on improvements in operational efficiency through targeted workforce reductions and facility consolidations and closures.” 10-K for 2025
Vroom
WEC Energy Group
Wells Fargo
West Pharmaceutical Services
Wisconsin Electric Power
Wix.com
Wolfspeed
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
World Kinect
Our summaryThe company recorded restructuring charges for the 2025 Restructuring Plan, including severance and other compensation costs and transition costs.
Word for word“As a result of the actions taken under the 2025 Restructuring Plan, we recognized $45.2 million of restructuring charges associated with the 2025 Restructuring Plan during the year ended December 31, 2025, including $32.7 million of severance and other compensation costs and $12.6 million of other transition related costs.” 10-K for 2025
Xpo
Our summaryXPO said its 2025 restructuring costs mainly reflect corporate share-based compensation and severance from headcount reduction initiatives in European Transportation.
Word for word“In 2025, restructuring costs primarily reflect share-based compensation in Corporate, and severance and related charges incurred in connection with headcount reduction initiatives in our European Transportation segment.” 10-K for 2025
monday.com
These lists cover the companies Stratrix follows: those that file with the SEC and had $1 billion or more in yearly revenue in at least one year since 2016. This one shows what they reported to the SEC, not news reports or state layoff notices; many announced layoffs never appear in a filing. Data as of October 23, 2026.
More lists: AI layoffs · Acquisitions in 2025 · Most-named competitors. How every line is checked: our methods.