Royal Caribbean Cruises layoffs, on the record
Every job cut, severance charge and restructuring Royal Caribbean Cruises reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 98,200 to approximately 108,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 98,200 | December 31, 2023 |
| 10-K for 2024 | approximately 106,000 | December 31, 2024 |
| 10-K for 2025 | approximately 108,000 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryReported restructuring charges and other initiatives expense of $5 million in 2023, against $12 million in 2022 and $2 million in 2021.
Word for word“Restructuring charges and other initiatives expense 5 12 2 Equity investment impairment and recovery of losses (6) 12 — 31 Litigation loss contingency (7) — 130 — Convertible debt amortization of debt discount (8) — — 104 Pullmantur reorganization settlement (9) — — 10 Oasis of the Seas incident (10) — — (7) Net gain related to the sale of Azamara brand (11) — — (3) Net loss related to the elimination of the Silversea Cruises reporting lag (12) — — 63 Adjusted Net Income (Loss) attributable to Royal Caribbean Cruises Ltd. $ 1,827 $ (1,913) $ (4,833) Basic: Earnings (Loss) per Share $ 6.63 $ (8.45) $ (20.89) Adjusted Earnings (Loss) per Share $ 7.14 $ (7.50) $ (19.19) Diluted: Earnings (Loss) per Share (13) $ 6.31 $ (8.45) $ (20.89) Adjusted Earnings (Loss) per Share (13) $ 6.77 $ (7.50) $ (19.19) Weighted-Average Shares Outstanding: Basic 256 255 252 Diluted 283 255 252 (1) Represents gain on sale of controlling interest in cruise terminal facilities in Italy. These amounts are included in Other operating within our consolidated statements of comprehensive income (loss).” 10-K for 2023
Our summaryThe filing excludes restructuring charges and other initiatives expense from its non-GAAP and cost measures, with no description of any specific layoff or workforce program.
Word for word“For the periods presented, Net Cruise Costs and Net Cruise Costs Excluding Fuel excludes (i) impairment and credit losses; (ii) restructuring charges and other 34 initiatives expense; and (iii) the gain on sale of controlling interests.” 10-K for 2024
| Fiscal year ended | Severance costs | Restructuring charges | Cash paid for restructuring |
|---|---|---|---|
| 2017-12-31 | — | $0 | — |
| 2018-12-31 | — | $0 | — |
| 2019-12-31 | — | $12 million | $514,000 |
| 2020-12-31 | $28 million | — | — |
Royal Caribbean Cruises 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 Royal Caribbean Cruises’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 2026-02-11. 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.