Brightstar Lottery layoffs, on the record
Every job cut, severance charge and restructuring Brightstar Lottery reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 11,019 to 5,815.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 20-F for 2024 | 11,019 | December 31, 2024 |
| 20-F for 2025 | 5,815 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryThe filing reports Italian workforce redundancy charges recorded as employee severance for 2023, with a minimum and maximum range tagged to the Italian workforce redundancies member.
Word for word“0001619762 igt:ItalianWorkforceRedundanciesMember srt:MinimumMember 2023-01-01 2023-12-31 0001619762 igt:ItalianWorkforceRedundanciesMember srt:MaximumMember 2023-01-01 2023-12-31” 20-F for 2023
Our summaryLaunched the OPtiMa 3.0 restructuring plan to realign and optimize general and administrative costs after ending transition services and the sale of IGT Gaming, including a reduction of about 3% of the workforce.
Word for word“Actions under the plan include the reduction of approximately 3% of our workforce, the optimization of our real estate footprint given our hybrid workforce and headcount reductions, and the reduction of other indirect costs previously incurred due to a larger business portfolio.” 20-F for 2024
Our summaryRecorded restructuring expenses consisting primarily of severance and related employee costs under OPtiMa 3.0, with actions expected to be completed within the next 12 months.
Word for word“The restructuring costs consist primarily of severance and related employee costs.” 20-F for 2024
Our summaryThe company started a multi-phase restructuring plan called OPtiMa 3 to realign and optimize its general and administrative cost structure after the Italian disposals and the sale of IGT Gaming.
Word for word“During the third quarter of 2024, we initiated a multi-phase restructuring plan ("OPtiMa 3") to realign and optimize our cost structure due to the ending of the TSA period after the two Italian dispositions (Italian gaming business-to-consumer ("B2C") businesses & Italian commercial services business) and the sale of IGT Gaming.” 20-F for 2025
Our summaryThe first phase of OPtiMa 3 began in 2024 and has cost about $37 million in severance and related employee costs through the end of 2025.
Word for word“OPtiMa 3.1 commenced in the third quarter of 2024.” 20-F for 2025
Our summaryThe company began OPtiMa 3.2, expected to finish within about 12 months, and recorded $29 million of severance and related costs in 2025 with $3 million more of other costs expected.
Word for word“In the second quarter of 2025, we commenced OPtiMa 3.2, which is expected to be completed within an approximate 12-month period from inception.” 20-F for 2025
Our summaryFollowing the sale of its Italian B2C businesses, the company set up voluntary early retirement programs to eliminate redundant roles as transition services ended.
Word for word“As certain of these services were concluding, during the fourth quarter of 2021 management performed a detailed review of redundant roles and created a plan to eliminate certain redundancies as TSA services lapsed, by commencing voluntary early retirement programs.” 20-F for 2025
Our summaryRestructuring expense for 2025 was lower than in 2024, mainly from Phase 2 of OPtiMa 3 and made up mostly of severance and related employee costs.
Word for word“Restructuring expenses decreased $11 million compared to the prior corresponding period.” 20-F for 2025
| Fiscal year ended | Restructuring charges | Restructuring costs incurred | Cash paid for restructuring |
|---|---|---|---|
| 2016-12-31 | $27.9 million | — | — |
| 2017-12-31 | $39.9 million | — | — |
| 2018-12-31 | $14.8 million | — | — |
| 2019-12-31 | $25 million | $25 million | — |
| 2020-12-31 | $45 million | $45 million | $18 million |
| 2021-12-31 | $6 million | $6 million | $17 million |
| 2022-12-31 | $7 million | $6 million | $4 million |
| 2023-12-31 | $13 million | $13 million | $5 million |
| 2024-12-31 | $39 million | — | $12 million |
| 2025-12-31 | $28 million | — | $29 million |
Brightstar Lottery has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Brightstar Lottery’s annual reports (20-F for 2025, 20-F for 2024, 20-F for 2023) and the financial data it files with the SEC, as of 2026-02-24. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.