Optimum Communications layoffs, on the record
Every job cut, severance charge and restructuring Optimum Communications reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 10,600 to approximately 9,500.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 10,600 | December 31, 2023 |
| 10-K for 2024 | approximately 10,900 | December 31, 2024 |
| 10-K for 2025 | approximately 9,500 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryThe filing reports contractual payments for terminated employees within restructuring, impairments and other operating items, which rose to $39,915 in 2023 from $4,002 in 2022.
Word for word“Contractual payments for terminated employees $ 39,915 $ 4,002 Impairment of right-of-use operating lease assets 10,554 3,821 Transaction costs related to certain transactions not related to our operations 5,180 4,310 Facility realignment costs 2,368 5,652 Remeasurement of contingent consideration related to an acquisition (6,345) — Litigation settlement (a) — 112,500 Goodwill impairment (b) 163,055 — $ 214,727 $ 130,285 (a) Represents the settlement of litigation in the fourth quarter of 2022, of which $65,000 was paid in 2022 and the balance of $47,500 is payable on or before June 30, 2024.” 10-K for 2023
Our summaryThe filing reports restructuring, impairments and other operating items of $23,696 for 2024, including contractual payments for terminated employees of $19,400, versus $214,727 in 2023.
Word for word“Restructuring, impairments and other operating items for the year ended December 31, 2024 amounted to $23,696, as compared to $214,727 for the year ended December 31, 2023 and comprised the following: Years Ended December 31, 2024 2023 Goodwill impairment (a) $ — $ 163,055 Contract termination costs (b) 41,924 — Contractual payments for terminated employees 19,400 39,915 Transaction costs related to certain transactions not related to our operations 10,780 5,180 Impairment of right-of-use operating lease assets 5,558 10,554 Facility realignment costs 4,844 2,368 Litigation settlements, net of reimbursements (c) (59,750) — Other 940 (6,345) $ 23,696 $ 214,727 (a) In connection with our annual recoverability assessment of goodwill, we recorded an impairment charge relating to our News and Advertising reporting unit for the year ended December 31, 2023. See Note 10 for additional information.” 10-K for 2024
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2016-12-31 | $226.6 million | $116.1 million |
| 2017-12-31 | $149.9 million | $137.3 million |
| 2018-12-31 | $31 million | $119.1 million |
| 2019-12-31 | $12.9 million | $30.1 million |
| 2020-12-31 | $3.4 million | $5 million |
Optimum Communications 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 Optimum Communications’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 2026-02-13. 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.