Marathon Oil layoffs, on the record
Every job cut, severance charge and restructuring Marathon Oil reported in its annual reports, 2021 to 2023, quoted from the filings. Headcount went from 1,531 to 1,681.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2021 | 1,531 | December 31, 2021 |
| 10-K for 2022 | 1,570 | December 31, 2022 |
| 10-K for 2023 | 1,681 | December 31, 2023 |
Job cuts, severance and restructuring
Our summaryRecorded severance expenses tied to a workforce reduction, a $12 million charge, as stated in a footnote to the income statement table.
Word for word“(f) Includes $ 13 million associated with the termination of an aircraft lease agreement and $ 12 million arising from severance expenses associated with a workforce reduction.” 10-K for 2021
| Fiscal year ended | Severance costs |
|---|---|
| 2020-12-31 | $17 million |
| 2021-12-31 | $12 million |
Marathon Oil 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 Marathon Oil’s annual reports (10-K for 2023, 10-K for 2022, 10-K for 2021) and the financial data it files with the SEC, as of 2024-02-22. 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.