Restructurings & Charges

RESOURCES CONNECTION, INC. announced a restructuring with charges of approximately $3 million affecting global management and administrative workforce (reduction of our global management and administrative workforce).

“efficiencies and streamlined operations. We expect the reduction in force to result in annual cost savings of $6 million to $8 million. Restructuring charges of approximately $3 million are expected to be recognized in the third and fourth quarters of fiscal 2026 and primarily consist of cash charges for employee termination benefits. We expect the workforce”

VIAVI SOLUTIONS INC. announced a restructuring with charges of approximately $32 million (approximately 5% of its global workforce).

“and asset write-offs. The Company expects approximately 5% of its global workforce to be affected. The Company estimates it will incur total charges of approximately $32 million in connection with the Plan, including approximately $24 million in cash expenditures, primarily related to employee severance and related costs. The Company expects to recognize”

PINTEREST, INC. announced a restructuring with charges of approximately $35 million to $45 million affecting global (less than 15% of the Company’s workforce).

“to affect less than 15% of the Company’s workforce as well as office space reductions. The Company anticipates incurring total pre-tax restructuring charges of approximately $35 million to $45 million, which are expected to be primarily cash-related expenditures. The Company intends to exclude the restructuring charges from its non-GAAP financial measures,”

Autodesk, Inc. announced a restructuring with charges of approximately $135 million to $160 million affecting world-wide (approximately 7% of its workforce, or approximately 1,000 employees).

“key strategic priorities across the Company throughout its fiscal year ending January 31, 2027. The Company expects to incur total pre-tax restructuring charges of approximately $135 million to $160 million, which is primarily attributable to employee termination benefits, in connection with the Plan. Substantially all of the pre-tax restructuring charges will result”

BCB BANCORP INC announced a impairment with charges of approximately $1.4 million affecting the Bank’s “Business Express” loans.

“Approximately $1.4 million of these net charge-offs were attributable to the Bank’s “Business Express” loans.”

BCB BANCORP INC announced a impairment with charges of $15.1 million (pre-tax) affecting cannabis-related real estate owned (REO) property.

“On January 13, 2026, the Board of Directors and management of BCB Bancorp, Inc. (the “Company”) determined that a write down of $15.1 million (pre-tax) was required with respect to an isolated cannabis-related real estate owned (REO) property.”

AES CORP announced a impairment with charges of $250 million to $325 million affecting Maritza power plant in Bulgaria.

“The AES Corporation’s (“AES”) Maritza power plant in Bulgaria is operating under a Power Purchase Agreement (“PPA”) that expires in May 2026. Although negotiations are underway for a new PPA and other alternatives to realize additional value are being considered, no agreements have been reached. Further, in the fourth quarter of 2025, the Company made the decision not to invest in a conversion of the plant to an alternative fuel source. The Company has determined that collectively, these events represent an impairment indicator during the fourth quarter of 2025. An analysis was performed and as a result, a reduction in the Maritza assets’ useful life was deemed appropriate, and it was determined that the carrying value was not recoverable. In connection with these developments, on January 13, 2026, the Company concluded that a pre-tax impairment charge in the range of $250 million to $325 million is required to be recognized as of December 31, 2025, in accordance with U.S. generally ac”

Woodward, Inc. announced a restructuring with charges of approximately $20 million to $25 million affecting Industrial segment - China on-highway natural gas truck manufacturing operations.

“to incur material charges under generally accepted accounting principles. The Company currently estimates that it will recognize cumulative pre-tax charges of approximately $20 million to $25 million, including $3 million to $4 million of non-cash charges for facility and other asset-related charges, $5 million to $7 million in employee-related costs for”

Playtika Holding Corp. announced a restructuring with charges of approximately $12 million to $15 million (approximately 15%).

“The Plan includes a reduction of current employees by approximately 15% in the first quarter of 2026. The Company estimates the aggregate costs associated with the Plan to be approximately $12 million to $15 million, primarily consisting of severance payments, notice period payments in applicable jurisdictions, employee benefits and related costs.”

PEGASYSTEMS INC announced a restructuring with charges of approximately $13 million affecting Consulting organization (some role eliminations).

“On January 7, 2026, Pegasystems Inc. (the “Company”) committed to making organizational changes, primarily impacting the Consulting organization. This includes some role eliminations and reorganization. The Company has begun notifying affected employees, and communications to impacted persons or their representatives are expected to be substantially completed in the first quarter of 2026. The Company expects to incur a charge of approximately $13 million in the fourth quarter of 2025 related principally to cash severance and related benefit costs for terminated employees.”

Lyra Therapeutics, Inc. announced a restructuring affecting LYR-210 product candidate (substantially all of the Company’s remaining employees).

“On January 9, 2026, the Board of Directors of Lyra Therapeutics, Inc. (the “Company”) approved a plan to suspend further development of LYR-210, the Company’s lead product candidate for the treatment of chronic rhinosinusitis, and to implement a cost reduction plan that includes a workforce reduction impacting substantially all of the Company’s remaining employees, effective January 12, 2026, and other cost-saving actions to preserve capital (the “Plan”).”

FORMFACTOR INC announced a restructuring with charges of Restructuring charges primarily related to impairment of leasehold improvements, facility exits, severance, retention and other employee-related costs, and cont affecting Carlsbad, California and Baldwin Park, California (approximately 200 to 300 employees).

“On January 5, 2026, FormFactor, Inc. (“we”, “the Company” or “FormFactor”) adopted restructuring plans that are intended to better align cost structure and support gross margin improvement to the Company’s target financial model, while also aligning manufacturing capabilities with current and anticipated business needs and the Company's strategic priorities. As part of this restructuring plan, the Company is consolidating the manufacturing facilities located in Carlsbad, California and Baldwin Park, California. As a result, we have incurred, or expect to incur, personnel-related costs to sever or retain approximately 200 to 300 employees. We expect the actions defined under these plans will be largely completed by the end of December 2026, except facilities charges, which may extend beyond that time. The restructuring plans are expected to result in the Company recording restructuring charges in the aggregate amount of approximately $30 to $40 million on a GAAP basis, estimated to be c”

Lamb Weston Holdings, Inc. announced a restructuring with charges of approximately $50 million to $60 million affecting manufacturing facility in Munro, Argentina and consolidate production for the Latin America region to our new facility in Mar del Plata, Argentina.

“closure is part of our efforts to improve operating efficiency. In connection with the planned facility closure, we expect to incur total pre-tax charges of approximately $50 million to $60 million, substantially all of which are expected to be recognized in our fiscal year ending May 31, 2026. We estimate about half of these charges will result in future”

HNI CORP announced a restructuring with charges of estimated $14.9 million in 2026 and 2027 affecting Wayland, New York, manufacturing facility; workplace furnishings business (approximately 135 members).

“HNI anticipates charges resulting from the consolidation will impact pre-tax earnings by an estimated $14.9 million in 2026 and 2027, including $5.7 million of non-cash charges.”

IMMUCELL CORP /DE/ announced a impairment with charges of $0.6 million write-down affecting work-in-process colostrum inventory.

“a $0.6 million write-down primarily of work-in-process colostrum inventory that was determined to no longer be fit for processing into First Defense®”

IMMUCELL CORP /DE/ announced a impairment with charges of $0.1 million, non-cash impairment write-down affecting certain property, plant and equipment, unrelated to Re-Tain®.

“the Company has identified a $0.1 million, non-cash impairment write-down of certain property, plant and equipment”

IMMUCELL CORP /DE/ announced a impairment with charges of approximately $2.9 million affecting Re-Tain®.

“The resulting non-cash impairment write-down of property, plant and equipment pertaining to Re-Tain® is currently estimated at approximately $2.9 million”

IMMUCELL CORP /DE/ announced a impairment with charges of approximately $3.6 million in non-cash impairment write-downs affecting Re-Tain® assets and other property, plant and equipment and inventory.

“the Company announced that it will record approximately $3.6 million in non-cash impairment write-downs during the three-month period ended December 31, 2025.”

Commerce.com, Inc. announced a restructuring with charges of approximately $7.4 million and an additional $6.5 million.

“The Company recorded an expense of approximately $7.4 million in connection with the Plan during the fourth quarter of fiscal 2025 and estimates an additional $6.5 million in fiscal 2026, which are primarily related to severance payments, professional services, and other related costs.”

Angi Inc. announced a restructuring with charges of approximately $22 million to $30 million (approximately 350 employees).

“reduction in workforce, the Company estimates that it will record restructuring charges split between the fourth quarter of 2025 and the first quarter of 2026 of approximately $22 million to $30 million in total, primarily consisting of severance payments, employee benefits and related costs, all of which are anticipated to result in cash expenditures. The”

DIRTT ENVIRONMENTAL SOLUTIONS LTD announced a impairment with charges of approximately US$2.3 million affecting Rock Hill, South Carolina manufacturing facility.

“The Company expects to recognize a one-time, non-cash impairment expense related to leasehold improvements of approximately US$2.3 million.”

WABASH NATIONAL Corp announced a restructuring with charges of between $15 million and $20 million affecting its facilities in Little Falls, Minnesota and in Goshen, Indiana (approximately 3 salaried and 53 hourly employees and 21 salaried and 193 hourly employees, respectively).

“On January 5, 2026, Wabash National Corporation (the “Company”) announced and initiated a plan to idle its facilities in Little Falls, Minnesota and in Goshen, Indiana. The plan includes job reductions of approximately 3 salaried and 53 hourly employees and 21 salaried and 193 hourly employees, respectively, and is expected to be substantially complete by the end of Q2 2026. The total charges associated with this action are expected to be between $15 million and $20 million”

Luminar Technologies, Inc./DE announced a restructuring with charges of estimates that it will incur approximately $2.5 million to $3.0 million in cash charges associated with employee severance and related employee costs affecting workforce reduction (reduce its workforce by approximately 30%).

“On December 18, 2025, Luminar Technologies, Inc. (the “Company”), committed to a plan to further reduce its workforce by approximately 30% in order to reduce operating costs. The reduction will commence immediately and is expected to be substantially completed by the first quarter of 2026. The Company estimates that it will incur approximately $2.5 million to $3.0 million in cash charges associated with employee severance and related employee costs, to be incurred primarily in the first quarter of 2026.”

IMMUCELL CORP /DE/ announced a impairment with charges of approximately $2.3 million affecting production of Re-Tain ®.

“ImmuCell Corporation (“ImmuCell”) has announced strategy changes (see Item 8.01 below) that will result in a material charge for a non-cash impairment write-down of certain property, plant and equipment (primarily equipment) during the fourth quarter of 2025. The affected assets are ones relating to the production of Re-Tain ®. Some but not all of those assets will now be repurposed to manufacture First Defense ®. ImmuCell presently estimates the non-cash impact to profit to be approximately $2.3 million (subject to adjustment pursuant to review of alternate purposing and net realizable value to be completed as part of the financial closing for the quarter and year ending December 31, 2025).”

WillScot Holdings Corp announced a restructuring with charges of unit disposal costs requiring future cash expenditures estimated to be approximately $40 million to $50 million affecting branch network consisting of approximately 400 physical properties.

“Significant costs associated with the Network Optimization Plan include non-cash accelerated depreciation of approximately $303 million (after consideration of scrap proceeds of approximately $8 million) recorded in the fourth quarter of 2025 and unit disposal costs requiring future cash expenditures estimated to be approximately $40 million to $50 million recorded in future periods as the units are disposed through 2029.”

WillScot Holdings Corp announced a restructuring with charges of non-cash accelerated depreciation of approximately $303 million (after consideration of scrap proceeds of approximately $8 million) affecting branch network consisting of approximately 400 physical properties.

“Significant costs associated with the Network Optimization Plan include non-cash accelerated depreciation of approximately $303 million (after consideration of scrap proceeds of approximately $8 million) recorded in the fourth quarter of 2025 and unit disposal costs requiring future cash expenditures estimated to be approximately $40 million to $50 million recorded in future periods as the units are disposed through 2029.”

KEY TRONIC CORP announced a restructuring with charges of approximately $4.8 million to $5.8 million affecting China-based operations (approximately $1.1 million in severance-related expenses).

“with respect to the Plan related to the transfer, disposal, and write-off of certain existing inventory, fixed assets, deferred taxes, and other assets totaling approximately $4.8 million to $5.8 million. In accordance with paragraph (d) of Item 2.05, the Company will provide further details by amendment to this Current Report on Form 8-K at such time it is able”

COTY INC. announced a impairment with charges of approximately $200 million.

“In connection with the entry into the Agreement, as discussed under Item 1.01 of this Current Report on Form 8-K, the Company expects to record a material non-cash impairment charge in the second quarter ended December 31, 2025 in an estimated amount of approximately $200 million.”

ACCURAY INC announced a restructuring with charges of approximately $11 million (approximately 15 percent of the Company's global workforce).

“elements of the transformation plan are estimated at approximately $5.6 million, most of which will also be in cash, resulting in total restructuring charges of approximately $11 million, which charges are expected to be recorded in the second, third and fourth quarters of fiscal year 2026. --- EX-99.1 (EX-99.1) --- EX-99.1 EXHIBIT 99.1 Accuray announces first”

GERON CORP announced a restructuring with charges of approximately $18 million affecting the entire company (approximately one-third of its current approximately 260 employees).

“affected employees on December 16, 2025, and expects the RIF to be substantially complete in the first quarter of 2026. The Company estimates that it will incur approximately $18 million in restructuring and restructuring-related charges, consisting primarily of one-time employee severance payments, healthcare and related benefits, and other employee-related”

WESTLAKE CORP announced a restructuring with charges of approximately $415 million affecting North American chlorovinyl production facilities and styrene production plant (approximately 295 employees).

“The closures of the facilities are expected to result in a workforce reduction of approximately 295 employees. The Company expects it will incur total pre-tax costs of approximately $415 million related to the closures of the facilities consisting of noncash accelerated depreciation, amortization, and asset write-off charges of approximately $357 million, employee severance and separation costs of approximately $25 million, and other plant shut down costs of approximately $33 million.”

FORD MOTOR CO announced a impairment with charges of about $8.5 billion affecting Ford Model e segment.

“As a result, we concluded that our Ford Model e segment long-lived assets are impaired. In addition, we will write down certain other long-lived assets related to the canceled EVs. The aggregate expected pre-tax write-down is estimated to be about $8.5 billion, which will be recognized in the fourth quarter of 2025.”

FORD MOTOR CO announced a impairment with charges of about $3 billion affecting BlueOval SK, LLC.

“As a result of Ford’s entry into the Joint Venture Disposition Agreement, on December 9, 2025, we concluded that we will recognize a charge related to our share of BOSK’s long-lived asset impairment and the impairment of our remaining investment in BOSK. The aggregate expected pre-tax charge is estimated to be about $3 billion, which will be recognized in the fourth quarter of 2025.”

ZEBRA TECHNOLOGIES CORP announced a restructuring with charges of up to $80 million of one-time pre-tax charges, inclusive of non-cash asset impairment charges of approximately $60 million affecting robotics automation solutions business.

“On December 9, 2025, in an effort to realign resources to efficiently support its strategic priorities, Zebra Technologies Corporation (the “Company”) determined that it would dispose or exit of its robotics automation solutions business. The Company expects to incur up to $80 million of one-time pre-tax charges, inclusive of non-cash asset impairment charges of approximately $60 million in the fourth quarter of fiscal year 2025.”

Semler Scientific, Inc. announced a restructuring with charges of approximately $1.2 million consisting of one-time termination benefits (approximately 37%).

“the headcount reduction, which are expected to be realized beginning in January 2026. Semler Scientific currently estimates that it will incur severance costs of approximately $1.2 million consisting of one-time termination benefits, which are expected to be paid in December 2025 and January 2026. The charges Semler Scientific expects to incur in connection with”

FMC CORP announced a restructuring with charges of approximately $560 to $635 million affecting Manufacturing Restructuring Program and cost-reduction initiatives in Asia.

“The Company expects to incur pre-tax restructuring charges over the life of the program in the range of approximately $560 to $635 million, which is subject to future changes, in connection with these efforts.”

Trinseo PLC announced a restructuring with charges of $30 million to $40 million affecting polystyrene ("PS") production operations in Schkopau, Germany with consolidation of remaining PS operations in Tessenderlo, Belgium.

“Germany with consolidation of remaining PS operations in Tessenderlo, Belgium (the “PS Restructuring Plan”). The Company expects to record total pre-tax restructuring charges of $30 million to $40 million, principally comprised of $3 million to $5 million of employee-related costs, $10 million to $14 million of asset-related charges and $15 million to $21 million”

Elanco Animal Health Inc announced a restructuring with charges of approximately $175 million affecting global headcount reduction and closure of Kansas City, Missouri implant facility and exit from portion of Monheim, Germany facility (approximately 300 employees, plus an approximate 300 employees whose positions will be replaced).

“On December 5, 2025, the Board of Directors of Elanco Animal Health Incorporated (the “Company”) authorized a restructuring plan with respect to its workforce (the “Restructuring Plan”) to support margin expansion, optimize the Company’s footprint, and further invest in innovation. The Restructuring Plan will result in a global headcount reduction of approximately 300 employees, plus an approximate 300 employees whose positions will be replaced with positions in growth areas or in lower-cost geographies. Expected pretax charges associated with the Restructuring Plan total approximately $175 million, the majority of which will be incurred in 2025, including an estimated $130 million of cash-based costs, most of which is expected to be paid in the next 2 years, and an estimated $45 million of non-cash asset impairment charges primarily related to the Company’s closure of its Kansas City, Missouri implant facility and exit from a portion of its Monheim, Germany facility.”

Domtar CORP announced a restructuring with charges of approximately $60 million affecting Crofton, British Columbia, facility (approximately 350 employees).

“On December 2, 2025, Domtar Corporation (“Domtar”) announced that it will permanently close operations at its Crofton, British Columbia, facility. The decision will reduce Domtar’s annual pulp production by approximately 380,000 air-dried metric tons of northern bleached softwood kraft (NBSK) pulp. The announcement will affect approximately 350 employees. The closure is expected to result in an aggregate pre-tax earnings charge of approximately $60 million, including an estimated $19 million in cash charges related to severance and employee benefits, an estimated $33 million in non-cash charges related to the write-off of the carrying amount of property, plant and inventory, and an estimated $8 million in cash charges related to other closure and clean-up costs.”

Teads Holding Co. announced a restructuring with charges of approximately $8 million to $12 million affecting global (approximately 10% of the Company’s employees globally).

“is expected to result in annualized savings of approximately $35 million to $40 million when fully implemented. The Company currently estimates that it will incur approximately $8 million to $12 million in charges in connection with the Restructuring Plan, substantially all of which are expected to be future cash expenditures. These charges consist primarily of”

KROGER CO announced a impairment with charges of approximately $350 million affecting certain fulfillment centers in the United States.

“On December 4, 2025, the Company determined the impairment and related charges as a result of the closure of certain fulfillment centers in the United States includes a cash payment to Ocado of approximately $350 million.”

Traeger, Inc. announced a restructuring with charges of between approximately $25.0 million and $31.0 million affecting Company-wide (Project Gravity Phase 2) (a reduction in force to align workforce size with the Company’s current operational scale).

“charges. The Company now anticipates incurring total pre-tax charges related to currently known and reasonably estimable actions of Project Gravity of between approximately $25.0 million and $31.0 million (the “Total Costs”), which primarily consist of cash expenditures. Of the Total Costs, the Company expects pre-tax charges of between approximately $16.0”

PACKAGING CORP OF AMERICA announced a restructuring with charges of Cash charges of $40 million for contract termination, severance, and other charges affecting Wallula, Washington containerboard mill (approximately 200 positions).

“These charges include approximately $165 million of non-cash impairment and accelerated depreciation charges and $40 million of cash charges for contract termination, severance, and other charges.”

PACKAGING CORP OF AMERICA announced a impairment with charges of Non-cash impairment and accelerated depreciation charges of $165 million affecting Wallula, Washington containerboard mill (approximately 200 positions).

“These charges include approximately $165 million of non-cash impairment and accelerated depreciation charges and $40 million of cash charges for contract termination, severance, and other charges.”

Koppers Holdings Inc. announced a restructuring with charges of $4 million to $5 million.

“The Company estimates pre-tax restructuring charges, employee severance charges and related benefit costs for actions associated with the workforce reduction program to be in the range of $4 million to $5 million, which the Company anticipates will result in future cash expenditures of approximately $1 million.”

BEL FUSE INC /NJ announced a impairment with charges of up to approximately $14 million affecting noncontrolling minority investment in innolectric AG and related party notes receivable.

“sheet. As a result of these developments, based on currently available information and estimates, Bel anticipates recording a pre-tax impairment charge of up to approximately $14 million in the fourth quarter of 2025, representing the potential full loss of Bel’s Innolectric investment and notes receivable. The final amount of the impairment charge will be”

Leslie's, Inc. announced a restructuring with charges of approximately $12.0 million to $17.0 million affecting approximately 80-90 U.S. stores identified as underperforming.

“to be substantially completed by the end of first fiscal quarter of 2026. In connection with the Plan, the Company expects to incur total pre-tax charges of approximately $12.0 million to $17.0 million in the first fiscal quarter of 2026, consisting primarily of: • Impairment of long-lived assets of approximately $8.0 million • Inventory write-offs of”

ESTEE LAUDER COMPANIES INC announced a restructuring with charges of $1,200 million to $1,600 million affecting Enterprise Business Services (a net reduction in workforce).

“Program includes a number of initiatives, and the Company estimates that restructuring and other charges to implement those initiatives are expected to total between $1,200 million and $1,600 million (before tax). At the time the Company filed the Current Report on Form 8-K on February 4, 2025, the Company was unable to make a determination of the estimated”

NEWELL BRANDS INC. announced a restructuring with charges of approximately $75 million to $90 million affecting global productivity plan across the Company (approximately 10% globally (approximately 900 employees)).

“The Company estimates that it will incur approximately $75 million to $90 million in restructuring and restructuring-related charges in connection with the Plan”

BOLLINGER INNOVATIONS, INC. announced a restructuring affecting Troy, Michigan, office.

“On November 21, 2025 , the management of Bollinger Innovations, Inc. (the “Company”) initiated a cost-reduction plan intended to streamline operations and preserve liquidity. As part of this plan, the Company has reduced its workforce and is in the process of closing its Troy, Michigan, office.”