Viasat has announced a reduction of its workforce by 10 percent, which will result in the elimination of 800 positions.
The satellite operator says the job cuts would be distributed across its various global divisions.
The layoffs follow the company’s merger with British satellite operator Inmarsat, a deal valued at $7.3 billion.
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Viasat anticipates these job cuts will lead to cost savings of around $100 million.
The effects will primarily be felt in the fiscal year 2025.
The company has also said the layoffs are part of a strategy to meet a capital expenditure (CapEx) target ranging from $1.4 billion to $1.5 billion during the same fiscal period.
Viasat expects the restructure to cost around $45 million.
Guru Gowrappan, president of Viasat, said: “Since we completed the acquisition of Inmarsat, our focus has been on accelerating our leading role in global mobile satellite communications by converging our technologies and organizational structures to deliver enhanced products and services to our customers.
“We will continue working to better unify our go-to-market approach, and maximize operational and capital productivity.”
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The decision to reduce our workforce is a very difficult one
He said the decision was not an easy one, adding: “At the same time, the decision to reduce our workforce is a very difficult one, and not something we take lightly.
“We would like to express our gratitude to our departing colleagues for their dedication, hard work, and contributions, which have been integral to Viasat’s success story.”
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The combined entity boasts a fleet of 19 satellites currently in service.
An additional 10 spacecraft are under construction and scheduled for launch over the next three years.
The headquarters of Viasat in Carlsbad, California, will serve as the central hub for the merged businesses, while Inmarsat’s London office will function as the global international business headquarters.
