Intelsat layoffs, on the record
Every job cut, severance charge and restructuring Intelsat reported in its annual reports, 2018 to 2020, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 20-F for 2018 | 1,187 full-time regular employees | December 31, 2018 |
| 10-K for 2019 | 1,195 | December 31, 2019 |
| 10-K for 2020 | 1,774 | December 31, 2020 |
Job cuts, severance and restructuring
Our summaryThe filing notes severance, retention and relocation payments as part of non-recurring costs excluded from an adjusted measure, without giving an amount.
Word for word“(4) Reflects certain non-recurring gains and losses and non-cash items, including the following: professional fees related to our liability and tax management initiatives; costs associated with our C-band spectrum solution proposal; severance, retention and relocation payments; and other various non-recurring expenses.” 20-F for 2018
Our summaryThe company and certain subsidiaries filed voluntary Chapter 11 cases to restructure its debt and capital structure, and filed a proposed plan of reorganization.
Word for word“• our ability to develop, obtain support for, confirm and consummate a Chapter 11 plan of reorganization, including the proposed plan of reorganization the Company filed in the Bankruptcy Court on February 12, 2021, as may be modified or amended;” 10-K for 2020
Intelsat 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 Intelsat’s annual reports (10-K for 2020, 10-K for 2019, 20-F for 2018) and the financial data it files with the SEC, as of 2021-03-30. 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.