Company: CRUS
Filing Date: 2025-05-23
Form Type: 10-K
Source: 0000772406-25-000014
Chunk: 9

Company: CIRRUS LOGIC, INC.
Filing Date: 2025-05-23
Form: 10-K
Item: Item 1
Chunk 9
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, such as health insurance coverage and emotional well-being support are tailored for each country.  Our benefits focus on family care, including fertility coverage, paid parental leave, dependent care benefits, and benefits for surrogacy and adoption assistance programs.  The Company also provides fitness facilities and classes at several locations, as well as other employee benefits including health screenings, COVID-19 testing and vaccinations, flu shots, and free confidential virtual mental health support.  Cirrus Logic provides retirement planning programs with matching contributions, such as a 401(k) plan in the United States and defined contribution pension plans for our employees in other countries.  

We believe that these benefits, combined with our employee-centric culture, contribute to low voluntary employee turnover.  In fiscal year 2025, our voluntary turnover rate was 8 percent, below the technology industry benchmarks (2024 Radford Salary Increase and Turnover Study_Second Edition Refresh (December 2024)).

As of March 29, 2025, we had 1,660 employees, 99 percent of whom were full-time, 71 percent were engaged in research and product development activities, 24 percent in sales, marketing, general and administrative activities, and 5 percent in manufacturing-related activities.  As of March 29, 2025, 13 percent of our employees worldwide were foreign nationals and 64 percent of our total workforce reside in the U.S., with 36 percent residing offshore.  We also employ individuals on a temporary basis and use the services of contractors as necessary.  We have never had a work stoppage, and the majority of our employees are not represented by collective bargaining agreements.  

We believe that diverse teams fuel innovation, and we are committed to creating an inclusive culture that supports all employees, regardless of gender, veteran status, race, ethnicity, or ability.  As of March 29, 2025, our global workforce was 81 percent male and 19 percent female, and based on self-reported identification, our workforce in the United States was composed of 52 percent White, 35 percent Asian, 8 percent Hispanic or Latino, 3 percent Black or African American, and 2 percent Other.

Cirrus Logic is committed to promoting a safe, secure, and productive environment for our employees, customers, and visitors.  Our global health and safety policy outlines our commitment to employees.  Employees working in our research facilities receive specialized, role-specific health and safety training.  The Company takes measures to reduce employee exposure to potential health hazards