---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-035138"
form_type: "8-K"
ticker: "ON"
cik: "0001097864"
company_name: "ON SEMICONDUCTOR CORP"
filed_at: "2025-02-25T23:59:59+00:00"
generated_at: "2026-05-26T04:22:55.099425+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# ONSEMI to cut 2,400 jobs; expects $50-60M charges, $105-115M annual savings

## Summary
- Global workforce reduction of approx 2,400 employees, expected to be completed in 2025.
- Estimated employment-related charges of $50-60M, majority recorded in calendar 2025.
- Expected annualized savings of $105-115M once restructuring is complete.
- Restructuring impacts all business groups including the worldwide manufacturing organization.

## SEC filing metadata
- accession: 0001193125-25-035138
- form_type: 8-K
- ticker: ON
- cik: 0001097864
- company_name: ON SEMICONDUCTOR CORP
- filed_at: 2025-02-25T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.05
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1097864/000119312525035138/0001193125-25-035138-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1097864/000119312525035138/d928094d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-035138
- JSON: https://secwatch.observer/filing/0001193125-25-035138.json
- Plain text: https://secwatch.observer/filing/0001193125-25-035138.txt

## Key facts
- Restructurings & Charges
  ON SEMICONDUCTOR CORP announced a restructuring with charges of between $50 million and $60 million in employment-related charges for, among other things, one-time cash payments for severance, benefits expenses, payroll taxe affecting company-wide restructuring plan that will impact all business groups including the worldwide manufacturing organization (approximately 2,400 employees).
  - Type: restructuring
  - Charge: between $50 million and $60 million in employment-related charges for, among other things, one-time cash payments for severance, benefits expenses, payroll taxe
  - Affected area: company-wide restructuring plan that will impact all business groups including the worldwide manufacturing organization
  - Headcount: approximately 2,400 employees
  source text: On February 24, 2025, ON Semiconductor Corporation (the “ Company ” and, together with its subsidiaries, “ onsemi ”) initiated a company-wide restructuring plan that will impact all business groups including the worldwide manufacturing organization (the “ Restructuring Plan ”). This Restructuring Plan, as approved by management, consists of cost reduction initiatives designed to align onsemi’s spending with current business trends while enabling the Company to continue to make progress towards its long-term financial operating model. Under the Restructuring Plan, onsemi intends to reduce its global workforce by approximately 2,400 employees. onsemi expects this reduction in force to be completed during 2025, subject to applicable local law and regulations. The Company estimates that it will incur between $50 million and $60 million in employment-related charges for, among other things, one-time cash payments for severance, benefits expenses, payroll taxes and other ancillary charges.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1097864/000119312525035138/0001193125-25-035138-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.