AES layoffs, on the record
Every job cut, severance charge and restructuring AES reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 9,600 to 8,336.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 9,600 | December 31, 2023 |
| 10-K for 2024 | approximately 9,100 | December 31, 2024 |
| 10-K for 2025 | 8,336 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryIn February 2025, AES approved and initiated a restructuring program to streamline its organization given the significantly lower number of countries it operates in, and is right sizing its development company.
Word for word“Restructuring Program — In February 2025, the company approved and initiated a restructuring program to streamline our organization given the significantly lower number of countries that we operate in.” 10-K for 2024
Our summaryThe company approved and started a restructuring program in February 2025 to streamline the organization after exiting many countries and to right-size its development company.
Word for word“In February 2025, the Company approved and initiated a restructuring program to streamline our organization given the significantly lower number of countries that we operate in.” 10-K for 2025
Our summaryThe company recorded pre-tax employee severance charges for the restructuring program in 2025.
Word for word“Pre-tax restructuring charges related to employee severance costs were $ 54 million for the year ended December 31, 2025.” 10-K for 2025
Our summaryAES Clean Energy Development recorded an asset impairment tied to right-sizing its development company under the restructuring program.
Word for word“During the year ended December 31, 2025, AES Clean Energy Development also recognized $ 51 million of pre-tax asset impairment expense as a result of the restructuring program.” 10-K for 2025
| Fiscal year ended | Restructuring charges |
|---|---|
| 2025-12-31 | $5 million |
AES has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from AES’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-03-02. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.