Sirius XM layoffs, on the record
Every job cut, severance charge and restructuring Sirius XM reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 5,680 to 5,119.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 5,680 | December 31, 2023 |
| 10-K for 2024 | 5,515 | December 31, 2024 |
| 10-K for 2025 | 5,119 | December 31, 2025 |
Job cuts, severance and restructuring
Our summarySirius XM reduced its workforce as part of measures to pursue greater efficiency and realign the business toward strategic priorities.
Word for word“As part of these measures, we reduced the size of our workforce by approximately 475 roles, or 8 %.” 10-K for 2023
Our summarySirius XM vacated two leased locations and recorded impairments to reduce the carrying value of the related right of use assets, as part of its 2023 restructuring.
Word for word“In addition, we vacated two of our leased locations and recorded impairments of $ 12 to reduce the carrying value of the related right of use assets to their estimated fair value.” 10-K for 2023
Our summarySirius XM recorded 2023 restructuring costs, including severance and office-related charges, within impairment, restructuring and acquisition costs.
Word for word“During the year ended December 31, 2023, restructuring costs were $ 49 .” 10-K for 2023
Our summarySirius XM recorded 2022 impairments tied to vacated office spaces and a charge for terminated software projects and severance.
Word for word“During the year ended December 31, 2022, we evaluated our office space needs, and, based on this, we vacated certain office spaces and recorded an impairment of $ 16 to reduce the carrying value of the related right of use assets to their estimated fair values.” 10-K for 2023
Our summarySirius XM recorded 2021 impairments and accrued expenses tied to vacated office spaces.
Word for word“During the year ended December 31, 2021, we evaluated our office space needs and, based on this, we vacated certain office spaces and recorded an impairment of $ 18 to reduce the carrying value of the related right of use assets to their estimated fair values.” 10-K for 2023
Our summaryRecorded a $27 million charge for severance and other restructuring costs during 2024, within impairment, restructuring and other costs.
Word for word“During the twelve months ended December 31, 2024, we recorded impairment charges of $3,355 primarily related to an impairment of Goodwill and equity method investments, costs associated with the Transactions of $71, and a charge of $27 associated with severance and other restructuring costs.” 10-K for 2024
Our summaryRecorded a $34 million charge primarily for severance and other related costs in 2023, within impairment, restructuring and other costs.
Word for word“During the years ended December 31, 2023, we recorded a charge of $34 primarily related to severance and other related costs, costs associated with the Transactions of $26, impairments primarily related to terminated software projects of $15, vacated office space impairments of $12, accrued expenses of $3 for which we will not recognize any future economic benefit, and a cost-method investment impairment of $2.” 10-K for 2024
Our summaryRecorded a $6 million charge for personnel severance in 2022, within impairment, restructuring and other costs.
Word for word“During the year ended December 31, 2022, impairment, restructuring and other costs were $ 68 which consisted of an impairment of $ 43 associated with terminated software projects, $ 16 related to certain vacated office spaces, $ 5 in connection F-20 Table of Contents SIRIUS XM HOLDINGS INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - Continued (Dollars and shares in millions, except per share amounts or otherwise stated) with furniture and equipment located at the impaired office spaces, and $ 6 related to personnel severance as well as acquisition related costs of $ 2 , partially offset by $ 4 from a gain on sale of real estate.” 10-K for 2024
Our summaryThe company recorded restructuring charges, impairments on terminated software projects, severance and other employee costs, and Transaction related costs in 2025.
Word for word“During the year ended December 31, 2025, impairment, restructuring and other costs were $ 436 which consisted of $ 296 associated with restructuring charges, $ 109 associated with impairments related to terminated software projects, severance and other employee costs of $ 23 and costs associated with the Transactions of $ 8 .” 10-K for 2025
| Fiscal year ended | Severance costs | Restructuring charges | Positions eliminated |
|---|---|---|---|
| 2022-12-31 | $6 million | — | — |
| 2023-12-31 | $34 million | — | 475 |
| 2025-12-31 | — | $296 million | — |
Sirius XM 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 Sirius XM’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 2026-02-05. 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.