Latam Airlines Group layoffs, on the record
Every job cut, severance charge and restructuring Latam Airlines Group reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 35,568 to 41,125.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 20-F for 2023 | 35,568 | — |
| 20-F for 2024 | 38,663 | December 31, 2024 |
| 20-F for 2025 | 41,125 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryCompany reported restructuring activities gains/(losses) of zero in 2023, with no restructuring movements, following its exit from Chapter 11 in November 2022.
Word for word“Gain from Restructuring activities had no movements in 2023 given the exit of the Company from Chapter 11 in November 2022.” 20-F for 2023
Our summaryCompany reported a 2022 restructuring gain that included an employee restructuring plan cost line, with an employee restructuring plan expense of 80,407 ThUS$ in 2022 and 46,938 ThUS$ in 2021.
Word for word“Employee restructuring plan — ( 80,407 ) ( 46,938 ) Rejection of fleet contracts — — ( 1,564,973 ) Rejection of IT contracts — ( 2,586 ) ( 26,368 ) Adjustment net realizable value fleet available for sale — — ( 73,595 ) Gains resulting from the settlement of Chapter 11 claims (*) — 2,550,306 — Others — 18,893 ( 16,879 ) Total — 1,679,934 ( 2,337,182 ) (*) See Note 24 (g) The Company did not recorded gains/(losses) restructuring activities during 2023.” 20-F for 2023
Latam Airlines Group 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 Latam Airlines Group’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 2026-03-05. 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.