Frontier Communications Parent layoffs, on the record
Every job cut, severance charge and restructuring Frontier Communications Parent reported in its annual reports, 2022 to 2024, quoted from the filings. Headcount went from approximately 14,700 to approximately 13,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2022 | approximately 14,700 | December 31, 2022 |
| 10-K for 2023 | approximately 13,300 | December 31, 2023 |
| 10-K for 2024 | approximately 13,000 | December 31, 2024 |
Job cuts, severance and restructuring
Our summaryWorkforce reductions and restructuring initiatives during 2022 led to the separation of about 850 employees.
Word for word“During 2022, restructuring initiatives and organizational realignment resulted in the separation of approximately 850 employees.” 10-K for 2022
Our summaryRestructuring costs and other charges rose in 2022, driven by lease impairment costs from exiting certain facilities, severance from workforce reductions, and other restructuring activities.
Word for word“For the year ended December 31, 2022, restructuring costs and other charges increased by $71 million, to $99 million.” 10-K for 2022
Our summaryThe company recorded severance and employee costs from workforce reductions.
Word for word“This increase was due to $44 million of lease impairment costs from the strategic exit of certain facilities, $44 million of severance and employee costs resulting from workforce reductions, and $11 million of costs related to other restructuring activities.” 10-K for 2022
Our summaryEmployee base decreased about 10% from 2022 to 2023 as restructuring initiatives and organizational realignment separated employees.
Word for word“During 2023, restructuring initiatives and organizational realignment resulted in the separation of approximately 1,400 employees.” 10-K for 2023
Our summaryRestructuring costs and other charges, which include workforce reductions and severance, were recorded for 2023 and decreased from 2022, partly offset by higher severance and employee costs.
Word for word“Restructuring costs and other charges consist of consulting and advisory fees, workforce reductions, transformation initiatives, and other restructuring expenses.” 10-K for 2023
Our summaryThe company recorded restructuring charges and other costs for 2024, including severance from workforce reductions, special pension and retiree benefit enhancements for a voluntary separation program, and Verizon merger costs.
Word for word“During 2024, we incurred $ 124 million in restructuring charges and other costs consisting of $ 31 million of severance and employee costs resulting from workforce reductions, $ 12 million in pension/OPEB special termination benefit enhancements related to a voluntary separation program, and $ 81 million of costs associated with the Verizon merger and other restructuring activities.” 10-K for 2024
Our summaryThe company recorded restructuring charges and other costs for 2023, mostly severance and employee costs from workforce reductions.
Word for word“During 2023, we incurred $ 73 million in restructuring charges and other costs consisting of $ 65 million of severance and employee costs resulting from workforce reductions, and $ 8 million of costs related to other restructuring activities.” 10-K for 2024
Our summaryThe company recorded restructuring charges and other costs for 2022, including lease impairment from exiting facilities and severance from workforce reductions.
Word for word“During 2022, we incurred $ 99 million in restructuring charges and other costs consisting of $ 44 million of lease impairment costs from the strategic exit of certain facilities, $ 44 million of severance and employee costs resulting from workforce reductions, and $ 11 million of costs related to other restructuring activities.” 10-K for 2024
Our summaryThe company said higher 2024 restructuring costs were driven mainly by special termination benefit enhancements tied to a voluntary severance program and Verizon merger costs, partly offset by lower severance.
Word for word“For the year ended December 31, 2024, restructuring costs and other charges increased $51 million, as compared to the year ended December 31, 2023, primarily due to higher pension/OPEB special termination benefit enhancement costs related to a voluntary severance program, costs associated with the Verizon merger and other restructuring activities, slightly offset by lower severance and employee costs.” 10-K for 2024
| Fiscal year ended | Severance costs | Restructuring charges | Cash paid for restructuring |
|---|---|---|---|
| 2016-12-31 | $65 million | $91 million | $19 million |
| 2017-12-31 | $68 million | $82 million | $90 million |
| 2018-12-31 | $12 million | $35 million | $42 million |
| 2019-12-31 | $38 million | $168 million | $127 million |
| 2020-12-31 | $7 million | $87 million | $100 million |
| 2022-12-31 | $44 million | $99 million | $97 million |
| 2023-12-31 | $65 million | $73 million | $72 million |
| 2024-12-31 | $31 million | $124 million | $125 million |
Frontier Communications Parent 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 Frontier Communications Parent’s annual reports (10-K for 2024, 10-K for 2023, 10-K for 2022) and the financial data it files with the SEC, as of 2025-02-20. 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.