Teekay Tankers layoffs, on the record
Every job cut, severance charge and restructuring Teekay Tankers reported in its annual reports, 2023 to 2025, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 20-F for 2025 | approximately 1,800 | As at December 31, 2025 |
Job cuts, severance and restructuring
Our summaryRecorded restructuring charges tied to organizational changes made to its commercial and technical operations teams.
Word for word“During the year ended December 31, 2023, the Company incurred restructuring charges of $ 1.2 million related to organizational changes made to its commercial and technical operations teams.” 20-F for 2023
Our summaryRecorded restructuring charges under the Management Agreement tied to organizational changes made to the Manager after Teekay's January 2022 dispositions.
Word for word“During the year ended December 31, 2022, the Company incurred restructuring charges under the Management Agreement of $ 1.8 million.” 20-F for 2023
Our summaryRestructuring charges were recorded for changes made to the senior management team.
Word for word“During the year ended December 31, 2024, the Company incurred restructuring charges of $ 5.6 million related to changes made to its senior management team.” 20-F for 2024
Our summaryRestructuring charges were recorded for organizational changes to the commercial and technical operations teams.
Word for word“During the year ended December 31, 2023, the Company incurred restructuring charges of $ 1.6 million primarily related to organizational changes made to its commercial and technical operations teams.” 20-F for 2024
Our summaryRestructuring charges were recorded for reorganization and realignment of shared service functions and separation of IT systems following Teekay divestments.
Word for word“During the year ended December 31, 2022, the Company incurred restructuring charges of $ 9.9 million primarily related to the reorganization and realignment of resources of the Company's shared service functions and the separation of information technology systems following Teekay's dispositions related to Teekay LNG in January 2022.” 20-F for 2024
Our summaryThe company recorded restructuring charges for severance costs after a management contract tied to its Australian operations was terminated; the customer fully repaid these costs.
Word for word“During the year ended December 31, 2025, the Company recorded restructuring charges of $ 5.6 million, which relate to the severance costs resulting from the termination of a management contract related to the Company's Australian operations.” 20-F for 2025
| Fiscal year ended | Restructuring charges |
|---|---|
| 2016-12-31 | $0 |
| 2017-12-31 | $0 |
| 2018-12-31 | $1.2 million |
| 2019-12-31 | $0 |
| 2020-12-31 | $1.4 million |
| 2021-12-31 | $0 |
| 2022-12-31 | $9.9 million |
| 2023-12-31 | $1.6 million |
| 2024-12-31 | $5.6 million |
| 2025-12-31 | $5.6 million |
Teekay Tankers 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 Teekay Tankers’s annual reports (20-F for 2025, 20-F for 2024, 20-F for 2023) and the financial data it files with the SEC, as of 2026-03-13. 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.