Piedmont Natural GAS layoffs, on the record
Every job cut, severance charge and restructuring Piedmont Natural GAS reported in its annual reports, 2023 to 2025, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2025 | 26,441 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryDuring 2023 Duke Energy streamlined certain functions and restructured its organization, giving involuntary severance benefits to certain employees and recording severance charges.
Word for word“For the year ended December 31, 2023, Duke Energy recorded severance charges of approximately $ 97 million within Operation, maintenance and other on the Consolidated Statements of Operations.” 10-K for 2025
Our summaryThe 2023 severance charges, after amortization of regulatory deferrals and reversal of prior period costs, totaled a higher net amount for the year.
Word for word“These charges, along with amortization of severance-related regulatory deferrals and the reversal of certain prior period severance costs, resulted in a total severance charge of $ 102 million in 2023.” 10-K for 2025
Piedmont Natural GAS 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 Piedmont Natural GAS’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 2026-02-26. 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.