Ovintiv layoffs, on the record
Every job cut, severance charge and restructuring Ovintiv reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 1,743 to 1,623.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 1,743 | As of December 31, 2023 |
| 10-K for 2024 | 1,623 | December 31, 2024 |
Job cuts, severance and restructuring
Our summaryOvintiv undertook a plan to reduce its workforce by about 10 percent as part of a corporate reorganization.
Word for word“In October 2024 , Ovintiv undertook a plan to reduce its workforce by approximately 10 percent as part of a corporate reorganization.” 10-K for 2024
Our summaryCompany incurred restructuring charges related to severance costs from the workforce reduction, with part still accrued at year end.
Word for word“The Company incurred total restructuring charges of $ 27 million, before tax, related to severance costs.” 10-K for 2024
| Fiscal year ended | Severance costs | Restructuring charges | Cash paid for restructuring |
|---|---|---|---|
| 2017-12-31 | $0 | $0 | $7 million |
| 2018-12-31 | $0 | $0 | $0 |
| 2019-12-31 | $133 million | $138 million | $130 million |
| 2020-12-31 | $88 million | $90 million | $84 million |
| 2021-12-31 | $14 million | $14 million | $25 million |
| 2022-12-31 | $0 | $0 | $3 million |
| 2023-12-31 | $0 | $0 | $0 |
| 2024-12-31 | $27 million | $27 million | $8 million |
| 2025-12-31 | $12 million | $12 million | $30 million |
Ovintiv 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 Ovintiv’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 2026-02-23. 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.