Noble layoffs, on the record
Every job cut, severance charge and restructuring Noble reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 3,600 to approximately 4,500.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 3,600 | December 31, 2023 |
| 10-K for 2024 | approximately 5,000 | December 31, 2024 |
| 10-K for 2025 | approximately 4,500 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryIn connection with completing the Business Combination with Maersk Drilling, the company reduced the size of its combined workforce.
Word for word“In addition, in connection with the completion of the Business Combination with Maersk Drilling in October 2022, we reduced the size of our combined workforce.” 10-K for 2023
Our summaryThe company reported merger and integration costs, primarily severance plans and share-based compensation charges, tied to the Maersk Drilling combination, with costs declining in 2023 mainly due to lower severance costs.
Word for word“Noble incurred $60.3 million and $84.7 million of merger and integration costs during the years ended December 31, 2023 and 2022, respectively, primarily in connection with the Business Combination with Maersk Drilling in October 2022.” 10-K for 2023
Our summaryCompany reported merger and integration costs for 2024 that include severance costs, and separately recorded $4.1 million of employee compensation costs qualifying as exit or disposal activities.
Word for word“Merger and integration costs consisted primarily of transaction-related acquisition costs, costs related to integration activities, severance costs, retention costs, professional fees, and other costs such as share-based compensation charges that are directly attributable to these activities.” 10-K for 2024
Our summaryIn 2024 the company recorded costs for employee compensation tied to its merger integration that qualify as exit or disposal activities.
Word for word“Most merger and integration costs do not qualify for special accounting treatment as exit or disposal activities; however, during the year ended December 31, 2024, the Company incurred $ 4.1 million related to certain employee compensation that qualifies as exit or disposal activities.” 10-K for 2025
| Fiscal year ended | Restructuring charges |
|---|---|
| 2020-12-31 | $14.4 million |
| 2021-12-31 | $0 |
| 2022-12-31 | $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 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-12. 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.