International Paper Company Faces $185M in Severance Costs

International Paper Company has incurred significant severance costs amounting to $185 million over the past two quarters. This financial burden reflects the company's ongoing restructuring efforts, which have led to a reduction in workforce. While specific employee numbers were not disclosed, the severance costs indicate a substantial impact on the company's operations. The layoffs are part of a broader strategy to streamline operations and improve financial performance amidst challenging market conditions.

LayoffTalk has tracked 42 layoff events at International Paper Company since February 2025, including 2,027 jobs documented in official WARN filings, with 31 additional events known from news reporting.