Sphere Entertainment layoffs, on the record
Every job cut, severance charge and restructuring Sphere Entertainment reported in its annual reports, 2023 to 2025, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 1,100 | June 30, 2023 |
| 10-K for 2024 | approximately 3,100 | As of June 30, 2024 |
| 10-K for 2025 | approximately 1,100 full-time union and non-union employees and approximately 2,200 part-time union and non-union employees | December 31, 2025 |
Job cuts, severance and restructuring
Our summarySphere implemented a cost reduction program in Fiscal Year 2023 that included a workforce reduction of certain executives and employees in the Sphere and MSG Networks segments, recognizing termination benefits.
Word for word“During Fiscal Year 2023, the Company implemented a cost reduction program which resulted in the recognition of termination benefits for a workforce reduction related to certain executives and employees of the Sphere and MSG Networks segments.” 10-K for 2023
Our summarySphere implemented a cost reduction program in Fiscal Year 2022 that included a workforce reduction of certain executives and employees, mainly in the Sphere segment, recognizing termination benefits.
Word for word“The Company recognized restructuring charges of $ 13,404 for Fiscal Year 2022, inclusive of $ 4,254 of share-based compensation expenses, which were also recorded in Accounts payable, accrued and other current liabilities and Additional paid-in capital on the consolidated balance sheet.” 10-K for 2023
Our summarySphere recorded restructuring charges for termination benefits to employees, including reductions in full-time workforce in August 2020 and November 2020.
Word for word“For Fiscal Year 2021, the Company recorded restructuring charges of $ 8,061 , primarily related to termination benefits provided to employees, of which all amounts had been paid as of June 30, 2022.” 10-K for 2023
Our summaryRestructuring liability balance at June 30, 2023 after charges, payments and transfers related to the MSGE Distribution.
Word for word“June 30, 2023 $ 8,891 Note 6. Computation of earnings per-share The following table presents a reconciliation of weighted-average shares used in the calculations of basic and diluted earnings (loss) per common share attributable to Sphere Entertainment Co.’s stockholders.” 10-K for 2023
Our summarySphere segment restructuring charges for termination benefits for certain executives and employees, recorded under the cost reduction program.
Word for word“During Fiscal Year 2024, the Company incurred costs for termination benefits for certain executives and employees in the Sphere segment.” 10-K for 2024
Our summaryRestructuring charges in Fiscal Year 2023 from the cost reduction program implemented that year.
Word for word“During Fiscal Years 2023 and 2022, the Company incurred costs of $ 27,924 , inclusive of $ 8,118 of share-based compensation expenses, and $ 13,404 , inclusive of 4,254 of share-base compensation expenses, respectively, as a result of the Company's cost reduction program implemented, which were recorded in Accounts payable, accrued and other current liabilities and Additional paid-in capital on the consolidated balance sheets.” 10-K for 2024
Our summaryFiscal Year 2024 restructuring charges for termination benefits for certain executives and employees, as reported in the MD&A.
Word for word“Restructuring charges for Fiscal Year 2024 were $9,486, related to termination benefits provided for certain executives and employees, as compared to restructuring charges of $27,924 for the prior year , as a result of the Company's cost reduction program implemented during Fiscal Year 2023 .” 10-K for 2024
Our summaryRestructuring charges for employees who provided services to the Company under the MSGE TSA, included in corporate expenses.
Word for word“(a) Included in the year ended June 30, 2024, Corporate general and administrative expenses, net - MSGE TSA is $ 3,363 related to Restructuring charges for employees who provided services to the Company under the MSGE TSA.” 10-K for 2024
Our summaryThe company recorded restructuring charges for termination benefits provided to certain executives and employees in 2025.
Word for word“During the year ended December 31, 2025, the Company incurred costs for termination benefits for certain executives and employees.” 10-K for 2025
Our summaryThe company recorded restructuring charges for termination benefits for certain executives and employees in the years ended December 31, 2025 and 2024.
Word for word“For the years ended December 31, 2025 and 2024, the Company recorded restructuring charges of $11,520 and $9,972, respectively, related to termination benefits provided for certain executives and employees.” 10-K for 2025
Our summaryThe company recorded restructuring charges for termination benefits in the six-month transition period ended December 31, 2024, including some share-based compensation.
Word for word“During the six months ended December 31, 2024, the Company incurred costs of $ 5,164 , inclusive of $ 700 of share-based compensation expenses for termination benefits, for certain executives and employees, which were recorded in Accrued expenses and other current liabilities, Other non-current liabilities, and Additional paid-in capital on the consolidated balance sheets.” 10-K for 2025
| Fiscal year ended | Severance costs | Restructuring charges | Cash paid for restructuring | Positions eliminated |
|---|---|---|---|---|
| 2019-06-30 | — | $0 | — | — |
| 2020-06-30 | — | $0 | — | — |
| 2021-06-30 | — | $21.3 million | $21.1 million | 360 |
| 2022-06-30 | $8.1 million | $13.4 million | — | — |
| 2023-06-30 | — | $27.9 million | $5 million | — |
| 2024-06-30 | — | $9.5 million | $16.7 million | — |
| 2025-12-31 | — | $11.5 million | $6.9 million | — |
Sphere Entertainment 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 Sphere Entertainment’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 2026-02-12. 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.