Viasat Layoffs
November 2023
Viasat announced a layoff affecting 800 employees (10% of its workforce) in November 2023. The company operates in the Other sector.
800
10%
Nov 2, 2023
About
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.
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