PDC Energy layoffs, on the record
Every job cut, severance charge and restructuring PDC Energy reported in its annual reports, 2020 to 2022, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2021 | 535 | December 31, 2021 |
Job cuts, severance and restructuring
Our summaryThe company reports that reduced capital spending and falling revenues have led to temporary and permanent reductions in its work force, along with cuts to director, executive and employee compensation.
Word for word“Reduced capital spending and declines in revenues have led to temporary and permanent reductions in our work force and decreases to our director, executive and employee compensation, which may affect our ability to attract and retain experienced technical and other professional personnel;” 10-K for 2020
PDC 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 PDC Energy’s annual reports (10-K for 2022, 10-K for 2021, 10-K for 2020) and the financial data it files with the SEC, as of 2023-02-22. 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.