FormFactor Announces Major Reorganization and Facility Consolidation

Reuters01-09

<a href="https://laohu8.com/S/FORM">FormFactor</a> Announces Major Reorganization and Facility Consolidation

FormFactor Inc. has announced a corporate reorganization aimed at aligning its cost structure and manufacturing capabilities with current business needs and strategic priorities. The company will consolidate its manufacturing facilities in Carlsbad and Baldwin Park, California, which is expected to impact approximately 200 to 300 employees through severance or retention actions. FormFactor anticipates total restructuring charges of $30 to $40 million on a GAAP basis, including $20 to $25 million in non-cash impairment and facility exit costs, $9 to $13 million in employee-related expenses, and $1 to $2 million in contract and lease termination costs. The restructuring is expected to be largely completed by the end of December 2026, with most charges incurred in the current fiscal year.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. FormFactor Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001039399-26-000002), on January 09, 2026, and is solely responsible for the information contained therein.

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The company will consolidate its manufacturing facilities in Carlsbad and Baldwin Park, California, which is expected to impact approximately 200 to 300 employees through severance or retention actions. FormFactor anticipates total restructuring charges of $30 to $40 million on a GAAP basis, including $20 to $25 million in non-cash impairment and facility exit costs, $9 to $13 million in employee-related expenses, and $1 to $2 million in contract and lease termination costs. The restructuring is expected to be largely completed by the end of December 2026, with most charges incurred in the current fiscal year.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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