CSL Limited Declines as Job Cuts Dampen FY25 Performance
Company Layoffs: CSL Limited's ADRs fell approximately 16% following the announcement of a 15% workforce reduction, affecting about 3,000 employees, as part of its fiscal 2025 financial strategy.
Financial Performance: The company reported a net profit after tax (NPAT) of $1.3 billion for FY26, reflecting a 14% year-over-year growth, with total revenue reaching around $15.6 billion, up 5% YoY.
Cost-Saving Initiatives: CSL expects to achieve annualized savings of $500 million to $550 million over three years from the layoffs and restructuring, with significant savings anticipated in fiscal 2027.
Strategic Changes: Alongside the layoffs, CSL plans to spin off its CSL Seqirus division into a publicly listed entity and initiate a stock repurchase program worth A$750 million in FY26.
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