Viasat

Viasat, a global communications company, is laying off approximately 800 employees, representing about 10% of its global workforce. This workforce reduction is part of a strategic effort to streamline operations and improve efficiency. The company expects to incur around $45 million in charges related to these cuts but forecasts annual operating expense savings of roughly $100 million, primarily beginning in fiscal year 2025. The announcement was made in 2023 as Viasat continues to adjust its business in the competitive satellite and telecommunications industry.

In April 2023, satellite internet company Viasat laid off approximately 300 employees globally, representing about 4% of its workforce. This included 72 positions at its Carlsbad headquarters and 35 remote workers in California, with the cuts becoming permanent in early June. The layoffs, affecting various technical roles, followed a strategic review and were partly due to the divestiture of its Link 16 Tactical Data Links business to L3Harris earlier that year. Viasat is undergoing a significant pivot, focusing on global expansion and enhancing space-based bandwidth with its new ViaSat-3 satellite series, while also pursuing a major acquisition of Inmarsat to strengthen its competitive position against rivals like Starlink.