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On the Record · Petrobras - Petroleo Brasileiro

Petrobras - Petroleo Brasileiro layoffs, on the record

Every job cut, severance charge and restructuring Petrobras - Petroleo Brasileiro reported in its annual reports, 2022 to 2025, quoted from the filings. Headcount went from 45,149 to 50,687.

Headcount, as reported

Annual reportEmployeesAs of
20-F for 202245,149December 31, 2022
20-F for 202346,730December 31, 2023
20-F for 202449,185December 31, 2024
20-F for 202550,687December 31 2025

Job cuts, severance and restructuring

  1. Our summaryEmployees left the company in 2022 through the Incentive Retirement Program and three voluntary severance programs. In 2022 · Affected: 402 employees

    Word for word“In 2022, 402 employees left our company through the Incentive Retirement Program (“PAI”) and the three PDVs, differentiated by target audience: (i) PDV 2019, focused on retired employees, (ii) a PDV for employees of certain areas undergoing divestment processes and (iii) a PDV for administrative employees.” 20-F for 2022

  2. Our summarySubsidiary Transpetro launched a new voluntary severance program for its offshore employees in 2022. In 2022

    Word for word“In 2022, the wholly-owned subsidiary Transpetro launched a new voluntary severance program for its offshore employees, whose enrollment occurred between May 4, 2022 and July 14, 2022, and the deadline for the termination of employees was December 3, 2022.” 20-F for 2022

  3. Our summaryThe company reported cumulative enrollments in its current voluntary severance programs through year-end 2022. December 31, 2022 · Affected: 11,688 adhesions

    Word for word“For the current programs, there are 11,688 adhesions accumulated through December 31, 2022 ( 11,418 through December 31, 2021).” 20-F for 2022

  4. Our summaryThe company reported its remaining severance provision, covering second installments for retired employees and employees enrolled in programs with expected terminations through 2025. As of December 31, 2022 · Cost: US$ 192

    Word for word“As of December 31, 2022, from the balance of US$ 192, US$ 22 refers to the second installment of 426 retired employees and US$ 170 refers to 1,651 employees enrolled in voluntary severance programs with expected termination by September 2025.” 20-F for 2022

  5. Our summaryHeadcount was affected by employee departures under new rounds of the Voluntary Severance Programs introduced throughout 2019. throughout 2019

    Word for word“In addition to new hires, our headcount was impacted by the layoff of employees enrolled in new iterations of the Voluntary Severance Programs (the “PDV”) that were introduced throughout 2019.” 20-F for 2024

  6. Our summary141 employees left the company through the Incentive Retirement Program during 2024. In 2024 · Affected: 141 employees

    Word for word“In 2024, 141 employees left us through the Incentive Retirement Program.” 20-F for 2024

  7. Our summaryThe company reported a termination liability for employees enrolled in voluntary severance programs, with terminations expected through 2027. As of December 31, 2024 · Affected: 743 employees · Cost: US$ 72

    Word for word“As of December 31, 2024, termination liabilities amounts to US$ 72, relating to 743 employees enrolled in voluntary severance programs with expected termination by December 2027, in addition to the second installment of 23 retired employees.” 20-F for 2024

  8. Our summaryThe company reported that 434 employees left in 2025, including 337 voluntary dismissals. 2025 · Affected: 434 employees left us in 2025, of which 337 were voluntary dismissals

    Word for word“In total, 434 employees left us in 2025, of which 337 were voluntary dismissals (includes PDVs and other types of dismissals).” 20-F for 2025

  9. Our summaryThe company announced a new Voluntary Severance Program in 2025 with applications open until February 6, 2026, and departures only in 2026. in 2025

    Word for word“In addition to the Programs mentioned, in 2025 we announced a new Voluntary Severance Programs, with applications open until February 6, 2026, that will only have participant departures in 2026.” 20-F for 2025

  10. Our summaryThe company recorded a termination liability for employees enrolled in voluntary severance programs, with terminations expected by December 2027. As of December 31, 2025 · Affected: 906 employees · Cost: US$ 91

    Word for word“As of December 31, 2025, termination liabilities amounts to US$ 91 (US$ 72 in 2024), relating to 906 employees enrolled in voluntary severance programs with expected termination by December 2027.” 20-F for 2025

  11. Our summaryIn 2025, 54 employees left the company through the Incentive Retirement Program. In 2025 · Affected: 54 employees

    Word for word“In 2025, 54 employees left us through the Incentive Retirement Program.” 20-F for 2025

Petrobras - Petroleo Brasileiro 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 Petrobras - Petroleo Brasileiro’s annual reports (20-F for 2025, 20-F for 2024, 20-F for 2023, 20-F for 2022) and the financial data it files with the SEC, as of 2026-04-09. 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.