Seadrill layoffs, on the record
Every job cut, severance charge and restructuring Seadrill reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 2,500 to approximately 3,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 20-F for 2023 | approximately 2,500 | December 31, 2023 |
| 10-K for 2024 | approximately 3,300 | December 31, 2024 |
| 10-K for 2025 | approximately 3,000 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryHeadcount in Other, Rest of Europe and Africa and Middle East decreased from 2022 to 2023 due to onshore employee headcount reduction programs, including the closure of the Dubai office.
Word for word“Headcount in "Other", "Rest of Europe" and "Africa and Middle East" has decreased from 2022 to 2023 because of onshore employee headcount reduction programs, including the closure of the Dubai office.” 20-F for 2023
Our summaryNorway headcount decreased due to down-manning following lower harsh environment activity.
Word for word“The decrease in employee numbers in Norway is due to down-manning following the decrease in harsh environment activity and the increase in South America (2021 to 2022) is due to up-manning following the start of new drilling contracts in Brazil.” 20-F for 2023
Our summarySelling, general and administrative expenses increased in 2023 mainly due to higher personnel costs, including severance costs.
Word for word“Selling, general and administrative expenses increased in 2023, primarily due to higher personnel costs, including severance costs.” 20-F for 2023
Our summaryCompany reported planned closure of its London, England office and consolidation of corporate offices in Houston, Texas.
Word for word“• the impact of the closing of our London, England office and consolidation of our corporate offices in Houston, Texas;” 20-F for 2023
Our summaryThe company completed its Chapter 11 restructuring and emerged from bankruptcy proceedings.
Word for word“On February 22, 2022, Seadrill Limited and certain of its subsidiaries which filed voluntary petitions for reorganization under Chapter 11 of the United States Bankruptcy Code in the Bankruptcy Court, completed its comprehensive restructuring and emerged from Chapter 11 proceedings.” 10-K for 2025
Seadrill 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 Seadrill’s annual reports (10-K for 2025, 10-K for 2024, 20-F 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.