Viasat layoffs: How many employees does Viasat have?

Viasat layoffs

Viasat has been a well-known brand in the telecommunications sector for many years. The organization has gone through many changes throughout the years. This includes a difference in their business approach and the services they provide. Unfortunately, these developments have also led to assumptions about job security and layoffs.

It’s essential to comprehend the current status of Viasat’s company before we can get into the topic of prospective layoffs. The business has seen a lot of changes recently, including releases. These developments result from the telecommunications sector’s ongoing need for adaptability to remain competitive.

We can only know some things that will happen in the future. However, Viasat will likely continue to adjust its strategic plans as necessary to maintain its market position. This might include layoffs. But it’s crucial to remember that layoffs sometimes mean poor business performance. Let us know in detail about this business in this article.

Overview of Viasat

Viasat is an American multinational communications corporation. It develops satellite communications technology, internet infrastructure, and cybersecurity goods. There are several offices and sites for Viasat all around the world. The company has over 20 national offices, including Boston, Atlanta, Austin, and many more.

Viasat employs a sizable workforce of over 6,500 people worldwide. This includes engineers, scientists, and other specialized professionals in the communication sector.

Viasat’s size and capabilities have increased during the past few years. The company’s emphasis on innovation and the creation of cutting-edge technologies has fueled its growth. Due to its sound financial standing, Viasat has been able to grow its business internationally. Also, it makes investments in R&D. Viasat has been able to serve its customers better. It gives its workers new opportunities due to this expansion.

On February 24, 2022, a cyberattack on the KA-SAT satellites of the US company Viasat in Ukraine occurred. This led to one of the most significant formal attributions of a cyberattack to a nation-state. Nearly 20 nations blamed Russia for the incident, including 12 EU members and the Five Eyes nations (the US, UK, Australia, New Zealand, and Canada).

The so-called “Acid Rain” cyberattack had little effect on Ukraine’s military operations. It’s because Viasat’s satellites were only used as backups.

What happened to Viasat?

People following the tech sector lately have heard about Viasat’s recent layoffs. The epidemic and economic crisis have led to many changes at Viasat. After hearing the news about Viasat’s releases, many people are curious about what is happening to the company, its employees, and its future.

Like many other businesses, Viasat has been affected by the COVID-19 outbreak. The demand for dependable internet has increased due to the large number of people working from home. Viasat has needed help with its supply chain. This makes it challenging to meet this demand.

Additionally, the satellite internet market has grown more competitive. It’s due to the launch of competing satellite internet services by businesses like SpaceX’s Starlink.

Viasat has expanded its services in North America, Europe, and the Middle East. This is done by using more satellites and ground stations. It is thriving despite the pandemic’s effects on the economy. Recently, the business teamed up with the Department of Defence to connect warfighters worldwide.

Viasat has also made significant investments in cutting-edge technology. It includes high-throughput satellites and 5G. Despite the industry-revolutionizing potential of these technologies, they need a sizable initial investment. These investments have strained Viasat’s financial situation. Thus, it forced cost-cutting measures like these layoffs.

Several areas were affected by the layoffs. This includes sectors in operations, engineering, and marketing. Although the number of affected workers is uncertain, sources state that it may be in the hundreds. The Viasat offices in California are meant to experience the brunt of the layoffs.

Viasat cuts workforce by 4%

Viasat, a satellite Internet provider, is laying off nearly 300 employees worldwide. This includes 72 at its Carlsbad headquarters and 35 remotely based in California. The corporation announced the layoffs after submitting Worker Retraining and Adjustment Notification Act (WARN) records to state and local employment officials in March 2023.

Viasat stated that the job layoffs represent about 4% of its global headcount. The statutory 60-day notice was issued to California employees at the end of March, and the releases became final on June 2, 2023.

Technical occupations, including network, hardware, and software engineers, saw local job losses. Viasat reported that four employees from its San Jose branch were also let go due to the WARN notice.

According to the corporation

The choice was made “after a thorough review of our strategic business focus areas and our workforce needs.” Following the sale of the Link 16 Tactical Data Links business to L3 Harris in 2022, “we initiated these changes. This is to better align our going-forward headcount with our current and expected workload.

Viasat is undergoing a shift as it broadens its reach globally. It also intensifies its efforts to increase the amount of bandwidth in space. It used the approximately $2 billion it received from selling its long-running military tactical radio business to L3 Harris to pay off debt.

The first of the company’s three new terabit-class Internet satellites is being prepared for launch. In April 2023, the launch of ViaSat-3 Americas is expected from Cape Canaveral, Florida. Viasat will better compete with Elon Musk’s SpaceX-owned Starlink by increasing bandwidth. It is an expanding satellite Internet service provider.

The two additional ViaSat-3 satellites—each with a capacity of more than 1,000 gigabits per second—are anticipated to be launched. While the second is geared towards the Asia-Pacific area, the first will service Europe, the Middle East, and Africa.

Besides acquiring these new satellites, Viasat is also purchasing Inmarsat, a satellite operator based in the UK. This is around $6 billion in shares, cash, and the assumption of debt.

By joining together, Starlink and Viasat strengthen Viasat’s position in rival industries. This includes maritime and in-flight Wi-Fi. European anti-monopoly officials are examining the transaction. On the Nasdaq exchange, Viasat’s shares ended April 12, 2023, marginally higher at $35.12.

The Future of Viasat

Despite these difficulties, Viasat is devoted to fulfilling its goal of giving everyone in the world access to high-speed internet. The corporation is increasing its reach in the United States. It also recently launched new services in Mexico and Brazil.

Additionally, Viasat has stressed the value of its employees during this trying period. The corporation is providing affected employees with severance compensation and job placement help.

The layoffs at Viasat exemplify the difficulties the satellite internet sector is undergoing. Viasat is still in a solid position to handle these difficulties. It continues to give its clients a dependable internet connection. 

Observing how Viasat and other businesses respond to these developments as the industry continues to change will be interesting.

Conclusion

Like any business, Viasat could experience layoffs for many reasons. The company’s financial performance is the most noticeable of these. The company might downsize to reduce costs if sales are lower than anticipated.

Changes in the sector, shifts in consumer demand for specific services, or internal restructuring initiatives could all be potential causes of layoffs. It’s crucial to remember that layoffs are a business last resort. It takes place only after other cost-cutting initiatives have failed.

In conclusion, Viasat is one of the top businesses in its field due to its size and reach in the communication sector. Regardless of where their customers are, Viasat can offer them top-notch services. It is due to its broad network of offices and global team of experts. Additionally, the organization stays ahead of the curve in the changing communication landscape because of its focus on expansion and innovation.

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