Stratrix
On the Record · International Seaways

International Seaways layoffs, on the record

Every job cut, severance charge and restructuring International Seaways reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 2,698 to 2,763.

Headcount, as reported

Annual reportEmployeesAs of
10-K for 20232,698December 31, 2023
10-K for 20242,824December 31, 2024
10-K for 20252,763December 31, 2025

Job cuts, severance and restructuring

  1. Our summaryPost-merger reduction in force; about $1.0 million of related severance was accrued at year-end and paid out in 2022. December 31, 2021 · Cost: $ 1.0 million

    Word for word“Approximately $ 1.0 million in severance costs incurred in relation to the December 31, 2021 post-Merger reduction in force was accrued and included in accounts payable, accrued expenses and other current liabilities in the accompanying consolidated balance sheet as of December 31, 2021 and paid out during the year ended December 31, 2022.” 10-K for 2023

  2. Our summarySeverance costs were incurred for former executives and certain employees of Diamond S in connection with the Merger. during the year ended December 31, 2021 · Cost: $ 7.1 million

    Word for word“The Company incurred severance costs for the former executives and certain employees of Diamond S totaling $ 7.1 million during the year ended December 31, 2021.” 10-K for 2023

  3. Our summaryDiamond S restricted stock and RSU awards vested early upon change of control and involuntary termination, recognized as non-cash stock compensation cost. July 16, 2021 · Cost: $ 5.3 million

    Word for word“On July 16, 2021, the Company recognized non-cash stock compensation cost of $ 5.3 million related to the accelerated vesting of 600,816 outstanding Diamond S restricted stock and restricted stock units awards upon change of control and involuntary termination as the involuntary termination trigger was initiated by INSW.” 10-K for 2023

International Seaways 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 International Seaways’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-26. 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.