Infinera layoffs, on the record
Every job cut, severance charge and restructuring Infinera reported in its annual reports, 2022 to 2024, quoted from the filings. Headcount went from 3,267 to 3,418.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2022 | 3,267 | December 31, 2022 |
| 10-K for 2024 | 3,418 | December 28, 2024 |
Job cuts, severance and restructuring
Our summaryThe filing reports restructuring and other related costs in 2022 that decreased from 2021, reflecting substantial completion of the 2021 Restructuring Plan and completion of the 2020 Restructuring Plan in 2022.
Word for word“Restructuring and other related costs decreased $1.3 million, or 85%, in 2022 from 2021 reflecting the substantial completion of our 2021 Restructuring Plan as well as the completion of our 2020 Restructuring Plan in 2022.” 10-K for 2022
Our summaryThe filing notes the company has incurred and may incur substantial costs under restructuring plans, which may include workforce reductions.
Word for word“In addition, restructuring plans may have other consequences, such as attrition beyond any planned reductions in workforce, a negative effect on employee morale and productivity or our ability to attract highly skilled employees.” 10-K for 2022
Our summaryThe company reported lower restructuring and other related costs in cost of revenue in 2024, mainly because the 2024 Restructuring Plan carried lower severance and related costs than the 2023 Restructuring Plan.
Word for word“Restructuring and other related costs decreased by $1.6 million in 2024 from 2023.” 10-K for 2024
Our summaryThe company reported lower restructuring and other related costs in operating expenses in 2024, driven by lower severance under the 2024 Restructuring Plan and lower lease-related impairment charges.
Word for word“Restructuring and other related costs decreased by $2.5 million, or 38%, in 2024 compared to 2023.” 10-K for 2024
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2017-12-30 | $35.2 million | $5.9 million |
| 2018-12-29 | $15.1 million | $13.2 million |
| 2019-12-28 | $70.8 million | $51.8 million |
| 2020-12-26 | $28.7 million | $42.2 million |
| 2021-12-25 | $14.8 million | $9.6 million |
| 2022-12-31 | $10.3 million | $12.2 million |
| 2023-12-30 | $8.9 million | $2.6 million |
| 2024-12-28 | $4.8 million | $9.5 million |
Infinera filed 2 restructuring notices (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Infinera’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 2025-02-28. 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.