Nabors Industries layoffs, on the record
Every job cut, severance charge and restructuring Nabors Industries reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 12,000 to approximately 13,900.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 12,000 | December 31, 2023 |
| 10-K for 2024 | approximately 12,400 | As of December 31, 2024 |
| 10-K for 2025 | approximately 13,900 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryThe company recognized severance and reorganization charges from ongoing cost cutting and consolidation measures in response to the industry environment.
Word for word“During 2021, we recognized charges of $ 6.2 million due to severance and reorganization costs from ongoing cost cutting and consolidation measures that we enacted in response to the challenging industry environment.” 10-K for 2023
Our summaryNabors recorded severance and reorganization costs that reduced adjusted operating income in 2025.
Word for word“These gains were partially offset by $26.5 million of asset impairments related to assets held in Russia, $24.6 million related to severance and reorganization costs and $19.9 million of transaction related costs.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Restructuring costs incurred |
|---|---|---|
| 2017-12-31 | — | $21.6 million |
| 2018-12-31 | — | $14.3 million |
| 2019-12-31 | — | $11.4 million |
| 2020-12-31 | — | $19.1 million |
| 2021-12-31 | — | $6.2 million |
| 2023-12-31 | $2.3 million | — |
| 2024-12-31 | $4 million | — |
| 2025-12-31 | $24.6 million | — |
Nabors Industries 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 Nabors Industries’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 2026-02-13. 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.