Stratrix
On the Record · Noble

Noble layoffs, on the record

Every job cut, severance charge and restructuring Noble reported in its annual reports, 2019 to 2021, quoted from the filings. Headcount went from approximately 2,000 to approximately 1,800.

Headcount, as reported

Annual reportEmployeesAs of
10-K for 2019approximately 2,000December 31, 2019
10-K for 2020approximately 1,500December 31, 2020
10-K for 2021approximately 1,800At December 31, 2021

Job cuts, severance and restructuring

  1. Our summaryThe filing mentions a restructuring tied to an internal restructuring that produced a discrete income tax provision. During the year ended December 31, 2019 · Cost: $ 36.8 million

    Word for word“During the year ended December 31, 2019 , our income tax provision included a discrete item of $ 36.8 million as a result of an internal restructuring.” 10-K for 2019

  2. Our summaryThe company completed its financial restructuring through Chapter 11 and emerged from bankruptcy with a much less indebted balance sheet. On the Effective Date

    Word for word“On the Effective Date, Legacy Noble successfully completed its financial restructuring and Legacy Noble and its debtor affiliates emerged from the Chapter 11 Cases.” 10-K for 2021

  3. Our summaryThe company said that layoffs of qualified personnel, including offshore staff, occurred in recent years when demand for drilling was low. During the last few years · Affected: qualified personnel (including offshore personnel)

    Word for word“During the last few years of reduced demand, there were layoffs of qualified personnel (including offshore personnel), who often find work with competitors or leave the industry.” 10-K for 2021
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedRestructuring charges
2019-12-31$0
2020-12-31$14.4 million
2021-12-31$0

Noble 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 Noble’s annual reports (10-K for 2021, 10-K for 2020, 10-K for 2019) and the financial data it files with the SEC, as of 2022-02-17. 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.