Stratrix
On the Record · American Electric Power

American Electric Power layoffs, on the record

Every job cut, severance charge and restructuring American Electric Power reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 17,250 to 17,581.

Headcount, as reported

Annual reportEmployeesAs of
10-K for 202317,250December 31, 2023
10-K for 202416,330December 31, 2024
10-K for 202517,581December 31, 2025

Job cuts, severance and restructuring

  1. Our summaryAEP announced a voluntary severance program to reduce the size of its workforce; about 1,000 employees took the package and substantially all terminated employment in July 2024. In April 2024, management announced a voluntary severance program

    Word for word“In April 2024, management announced a voluntary severance program designed to achieve a reduction in the size of AEP's workforce.” 10-K for 2024

  2. Our summaryOf about 7,400 eligible employees, roughly 1,000 accepted the voluntary severance package, which pays two weeks of base pay per year of service. Affected: Approximately 1,000 employees chose to take the voluntary severance package and substantially all terminated employment in July 2024.

    Word for word“Approximately 1,000 employees chose to take the voluntary severance package and substantially all terminated employment in July 2024.” 10-K for 2024

  3. Our summaryAEP recognized a pension settlement charge tied to remeasuring pension obligations after the voluntary severance program. In 2024 · Cost: AEP also recognized a settlement charge of $90 million in 2024 due to the remeasurement of pension obligations driven by the voluntary severance program.

    Word for word“In addition, AEP also recognized a settlement charge of $90 million in 2024 due to the remeasurement of pension obligations driven by the voluntary severance program.” 10-K for 2024

American Electric Power 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 American Electric Power’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 2026-02-12. 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.