Marathon Petroleum layoffs, on the record
Every job cut, severance charge and restructuring Marathon Petroleum reported in its annual reports, 2022 to 2025, quoted from the filings. Headcount went from approximately 18,200 to approximately 18,500.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 18,200 | As of December 31, 2023 |
| 10-K for 2024 | approximately 18,300 | As of December 31, 2024 |
| 10-K for 2025 | approximately 18,500 | As of December 31, 2025 |
Job cuts, severance and restructuring
Our summaryThe board approved changes to the severance formula (termination allowance) that applies to certain employees, including the named executive officers, under the company's Termination Allowance Plan.
Word for word“On February 25, 2026, the Company’s Board of Directors approved changes to the termination allowance formula applicable to certain employees of the Company, including those employees who are the Company’s named executive officers.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2018-12-31 | $0 | — |
| 2019-12-31 | $0 | — |
| 2020-12-31 | $367 million | — |
| 2021-12-31 | $0 | $82 million |
| 2022-12-31 | $0 | $13 million |
Marathon Petroleum 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 Marathon Petroleum’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023, 10-K for 2022) 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.