Tidewater layoffs, on the record
Every job cut, severance charge and restructuring Tidewater reported in its annual reports, 2023 to 2025, quoted from the filings.
Job cuts, severance and restructuring
Our summaryRecorded restructuring charges in general and administrative expenses, including severance and termination benefits, for 2023, 2022 and 2021.
Word for word“(A) Restructuring charges for the years ended December 31, 2023, 2022 and 2021 include $1.1 million, $2.0 million and $0.3 million, respectively, of severance and termination benefits.” 10-K for 2023
Our summaryRecorded restructuring charges in general and administrative expenses totaling $1,090 thousand in 2023, $2,025 thousand in 2022 and $345 thousand in 2021.
Word for word“Restructuring charges (A) 1,090 0 % 2,025 0 % 345 0 % $ 95,283 9 % $ 101,921 16 % $ 68,516 18 %” 10-K for 2023
Our summaryRecorded additional severance costs relating to the SPO Acquisition, with lease exit and severance and integration liabilities activity shown; the severance and lease exit liability was fully paid by December 31, 2023.
Word for word“In 2022, we recorded additional severance costs relating to the SPO Acquisition.” 10-K for 2023
Our summaryRecorded restructuring charges within general and administrative expenses, including severance and termination benefits.
Word for word“(A) Restructuring charges for the years ended December 31, 2024, 2023 and 2022 include $0.7 million, $1.1 million and $2.0 million, respectively, of severance and termination benefits.” 10-K for 2024
Our summaryThe company reported transaction or restructuring charges within general and administrative expenses, made up of transaction or severance and termination benefits, for 2025, 2024 and 2023.
Word for word“(A) Transaction or restructuring charges for the years ended December 31, 2025, 2024 and 2023 include $8.3 million, $0.7 million and $1.1 million, respectively, of transaction or severance and termination benefits.” 10-K for 2025
Our summaryThe company completed an internal restructuring of its vessel ownership, consolidating much of the fleet into one wholly owned U.S. entity, which produced a one-time non-cash deferred tax benefit.
Word for word“In the fourth quarter of 2025, we completed a strategic internal restructuring of our vessel ownership (Vessel Realignment) to consolidate a significant portion of the fleet into a single, wholly owned U.S. entity.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2019-12-31 | $6.8 million | $9.2 million |
| 2020-12-31 | $1.5 million | $2.5 million |
| 2021-12-31 | $174,000 | $2 million |
| 2022-12-31 | $5.7 million | $764,000 |
| 2023-12-31 | $27,000 | $6.5 million |
Tidewater 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 Tidewater’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 2026-03-02. 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.