Patterson UTI Energy layoffs, on the record
Every job cut, severance charge and restructuring Patterson UTI Energy reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 10,600 to approximately 7,900.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 10,600 | January 31, 2024 |
| 10-K for 2024 | approximately 9,200 | January 31, 2025 |
| 10-K for 2025 | approximately 7,900 | January 31, 2026 |
Job cuts, severance and restructuring
Our summaryCompany disclosed merger and integration expense in 2023 that included severance payments tied to closing the Ulterra acquisition and NexTier merger.
Word for word“The increase was primarily attributable to $84.8 million of accelerated stock-based compensation expense and additional cash compensation associated with severance payments as well as certain legal, financial advisory, and other professional fees in order to consummate the transactions.” 10-K for 2023
Our summarySelling, general and administrative expense fell in 2025 because severance costs incurred in the fourth quarter of 2024 did not recur, along with continued cost reduction efforts.
Word for word“Selling, general and administrative expense decreased primarily due to certain severance costs incurred in the fourth quarter of 2024 that did not recur in 2025, as well as a continued focus on cost reduction efforts.” 10-K for 2025
Patterson UTI Energy 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 Patterson UTI Energy’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 2026-02-10. 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.