Telecom Argentina layoffs, on the record

Headcount, as reported

Job cuts, severance and restructuring

1. Our summaryReduction in headcount of 2.1%, to 21,262 employees, which lowered employee benefit expenses, partly offset by salary increases.

   Word for word“The decrease was mainly due to lower severance payments and a reduction in headcount of 2.1%, amounting to 21,262 employees as of December 31, 2023, and, partially offset by increases in salaries agreed by the Company with several trade unions for unionized employees, and also for non-unionized employees, together with related social security charges.” 20-F for 2023

2. Our summaryDecrease in net payroll, with headcount falling to 21,729 employees, in the 2022 period. As of December 31, 2022 · Affected: Decrease in net payroll of 3.8%, amounting to 21,729 employees

   Word for word“The increase was mainly due to higher severance payments and increases in salaries agreed by the Company with several trade unions for unionized employees, and also for non-unionized employees, together with related social security charges, and, partially offset by a decrease in net payroll of 3.8%, amounting to 21,729 employees as of December 31, 2022.” 20-F for 2023

3. Our summarySeverance indemnities recorded as an expense in 2023, reduced from the prior year.

   Word for word“Severance indemnities ​ ( 28,089 ) ​ ( 67,800 ) ​ ( 39,539 )” 20-F for 2023

4. Our summaryHeadcount fell by 6.0%, a reduction of 19,987 employees, which the company cited as the main driver of lower employee benefit expenses in 2024. As of December 31, 2024 · Affected: 19,987 employees

   Word for word“The decrease was mainly due to a reduction in headcount of 6.0%, amounting to 19,987 employees as of December 31, 2024, and, partially offset by increases in salaries agreed by the Company with several trade unions for unionized employees, and for non-unionized employees, together with related social security charges and an increase in severance payments.” 20-F for 2024

5. Our summarySeverance indemnities expense rose in 2024 compared with 2023, as shown in the operating expense breakdown.

   Word for word“Severance indemnities ​ ( 130,363 ) ​ ( 61,168 ) ​ ( 147,644 )” 20-F for 2024

6. Our summaryIn 2023, the company reported lower severance payments alongside a headcount reduction of 2.1%. As of December 31, 2023 · Affected: 21,262 employees

   Word for word“The decrease was mainly due to lower severance payments and a reduction in headcount of 2.1%, amounting to 21,262 employees as of December 31, 2023, and, partially offset by increases in salaries agreed by the Company with several trade unions for unionized employees, and for non-unionized employees, together with related social security charges.” 20-F for 2024

7. Our summaryEmployee benefit expenses for the TMA network since its acquisition include restructuring costs. for the period from the Acquisition date to December 31, 2025 · Cost: P$157,349 million

   Word for word“Employee benefit expenses and severance payments amounted to P$685,615 million for the period from the Acquisition date to December 31, 2025, which includes P$157,349 million related to restructuring costs.” 20-F for 2025

8. Our summaryPersonal Network employee costs fell in 2025 because of lower severance payments and a smaller workforce. as of December 31, 2025 · Affected: reduction in headcount of 6.7%, amounting to 18,085 employees

   Word for word“The decrease was mainly due to lower severance payments and a reduction in headcount of 6.7%, amounting to 18,085 employees as of December 31, 2025, and, partially offset by compensation increases for employees covered by collective bargaining agreements (as agreed by the Company with the various labor unions) as well as for employees not covered by such agreements.” 20-F for 2025

Telecom Argentina 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 Telecom Argentina’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 2026-03-11. 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.