Duke Energy layoffs, on the record
Every job cut, severance charge and restructuring Duke Energy reported in its annual reports, 2023 to 2025, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2025 | 26,441 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryIn 2023 Duke Energy streamlined certain functions and restructured its organization, offering involuntary severance benefits to certain employees, and recorded related severance charges.
Word for word“For the year ended December 31, 2023, Duke Energy recorded severance charges of approximately $ 97 million within Operation, maintenance and other on the Consolidated Statements of Operations.” 10-K for 2025
Our summaryAfter adding amortization of regulatory deferrals and reversing some earlier severance costs, the total 2023 severance charge came to $102 million.
Word for word“These charges, along with amortization of severance-related regulatory deferrals and the reversal of certain prior period severance costs, resulted in a total severance charge of $ 102 million in 2023.” 10-K for 2025
| Fiscal year ended | Severance costs | Restructuring charges | Cash paid for restructuring | Positions eliminated |
|---|---|---|---|---|
| 2016-12-31 | $118 million | $110 million | $167 million | — |
| 2017-12-31 | $15 million | $17 million | $77 million | — |
| 2018-12-31 | $187 million | $200 million | $14 million | — |
| 2019-12-31 | $16 million | $24 million | $188 million | — |
| 2020-12-31 | −$85 million | $1 million | $31 million | — |
| 2021-12-31 | $69 million | $36 million | $8 million | — |
| 2022-12-31 | $65 million | $33 million | $8 million | — |
| 2023-12-31 | $102 million | $80 million | $42 million | — |
| 2024-12-31 | −$28 million | −$28 million | $55 million | — |
| 2025-12-31 | −$8 million | −$8 million | $11 million | 682 |
Duke Energy filed 1 restructuring notice (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Duke Energy’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 2026-02-26. 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.