Oil States International layoffs, on the record
Every job cut, severance charge and restructuring Oil States International reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 2,752 to 2,172.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 2,752 | December 31, 2023 |
| 10-K for 2024 | 2,439 | December 31, 2024 |
| 10-K for 2025 | 2,172 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryOffshore/Manufactured Products segment recognized facility consolidation charges tied to consolidating and relocating manufacturing and service facilities.
Word for word“During 2023, the Offshore/Manufactured Products segment recognized facility consolidation charges totaling $ 2.5 million in connection with the ongoing consolidation and relocation of certain manufacturing and service facilities and the relocation of related equipment, which is included in “Other operating income, net.”” 10-K for 2023
Our summaryCompany recorded severance and restructuring costs in 2021 as part of restructuring efforts that began in 2020 due to the COVID-19 pandemic, including closing facilities in the United States.
Word for word“During 2021, the Company continued its restructuring efforts which began in 2020 due to the COVID-19 pandemic, closing facilities in the United States and assessing the carrying value of its assets based on management actions and the industry outlook regarding demand for and pricing of its products and services, and recorded the following charges (in thousands): Offshore/ Manufactured Products Well Site Services Downhole Technologies Corporate Pre-tax Total Tax After-tax Total Impairments of: Fixed assets (Note 5) $ — $ 1,372 $ — $ — $ 1,372 $ 289 $ 1,083 Operating lease assets (Note 8) — 2,794 — — 2,794 587 2,207 Inventories (Note 5) — 1,468 2,113 — 3,581 752 2,829 Severance and restructuring costs (1) 868 4,266 809 1,555 7,498 1,573 5,925 Release of foreign currency translation adjustments on liquidation of an international operation — — — 9,320 9,320 — 9,320 ____________________ (1) Includes recognition of $ 1.9 million in additional lease-related liabilities associated with the exit of a long-term lease supporting the Well Site Services segment.” 10-K for 2023
Our summaryImplemented strategic restructuring actions in U.S. land-based businesses to reduce costs and improve future operating margins.
Word for word“Given the highly cyclical nature of select U.S. service lines, we implemented strategic restructuring actions in our U.S. land-based businesses during 2024 to reduce costs and improve future operating margins.” 10-K for 2024
Our summaryRecorded net charges tied to restructuring of U.S. land-based operations, facility consolidations and closures, patent defense, personnel reductions and debt extinguishment, partly offset by a gain on sale of an idled facility.
Word for word“The reported 2024 net loss included net charges and credits of $22.4 million ($22.0 million after tax, or $0.35 per share) associated with the restructuring of certain of our U.S. land-based operations, facility consolidations and closures, patent defense, personnel reductions and debt extinguishment, partially offset by a gain recognized on the sale of a previously idled facility.” 10-K for 2024
Our summaryRecorded severance expenses and facility consolidation and exit costs within service costs.
Word for word“Consolidated service costs in 2024 decreased $56.5 million, or 20%, compared to 2023, with the impact of lower U.S. activity levels and implemented cost control measures partially offset by facility consolidation and exit costs, and severance expenses incurred in 2024.” 10-K for 2024
Our summaryRecognized intangible asset impairments tied to the decision to exit a service offering in the Completion and Production Services segment.
Word for word“Additionally, we recognized intangible asset impairments totaling $10.8 million associated with the decision to exit a service offering in our Completion and Production Services segment.” 10-K for 2024
Our summaryThe company recorded charges for consolidating and relocating certain manufacturing and service locations in its Offshore Manufactured Products segment.
Word for word“(1) During 2025 and 2024, we recognized charges of $1.6 million and $3.4 million, respectively, within the Offshore Manufactured Products segment, associated primarily with the consolidation and relocation of certain manufacturing and service locations.” 10-K for 2025
Our summaryThe Downhole Technologies segment recorded charges in 2024 for exiting a facility, reducing personnel and a customer bankruptcy.
Word for word“This compares to an operating loss of $20.9 million reported in 2024, which included a $10.0 million non-cash goodwill impairment charge and $1.2 million in charges related to the exit of a facility, personnel reductions and a customer bankruptcy.” 10-K for 2025
Oil States International 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 Oil States International’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 2026-03-04. 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.