Viasat Cutting Jobs as Part of Inmarsat Integration

Viasat will cut about 800 positions -- roughly 10% of its workforce -- as part of its integration of Inmarsat, it said Thursday. The move will save it about $100 million annually starting in fiscal year 2025, it said, and be "spread across the business in terms of geographies and divisions." Viasat closed on its $7.3 billion purchase of Inmarsat in May (see 2305310003).