APPLIED MATERIALS INC /DE (AMAT): restructuring charge — Applied Materials to cut ~4% of workforce; expects $160M-$180M in charges

APPLIED MATERIALS INC /DE

Approximately 4% of global workforce impacted; expects $160M-$180M in charges, primarily severance and one-time benefits.
Most charges to be recognized in Q4 fiscal 2025; plan expected to complete in Q1 fiscal 2026.
CEO Gary Dickerson cited automation, digitalization, and geographic shifts as drivers for reorganization.
Action aims to build a high-velocity, high-productivity organization positioned for semiconductor industry growth.

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

APPLIED MATERIALS INC /DE announced a restructuring with charges of approximately $160 million to $180 million (approximately four percent of its global workforce).

Type: restructuring
Charge: approximately $160 million to $180 million
Headcount: approximately four percent of its global workforce

Exact text from the filing

On October 23, 2025, Applied Materials, Inc. (“Applied” or the “Company”) approved a workforce reduction plan to position the Company for continued growth as a more competitive and productive organization. Applied expects approximately four percent of its global workforce to be impacted under this action and the Company to incur charges of approximately $160 million to $180 million, consisting primarily of severance and other one-time employment termination benefits to be paid in cash, and other non-cash related charges.

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Source: SEC EDGAR

accession 0001628280-25-046107

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