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On the Record · Pioneer Natural Resources

Pioneer Natural Resources layoffs, on the record

Every job cut, severance charge and restructuring Pioneer Natural Resources reported in its annual reports, 2021 to 2023, quoted from the filings. Headcount went from 1,932 to 2,213.

Headcount, as reported

Annual reportEmployeesAs of
10-K for 20211,932December 31, 2021
10-K for 20222,076December 31, 2022
10-K for 20232,213December 31, 2023

Job cuts, severance and restructuring

  1. Our summaryImplemented a 2020 corporate restructuring to reduce staffing levels, which involuntarily separated employees. During 2020

    Word for word“During 2020, the Company implemented a corporate restructuring to reduce its staffing levels to correspond with a planned reduction in future activity levels (the "2020 Corporate Restructuring").” 10-K for 2021

  2. Our summaryImplemented a 2019 corporate restructuring program including leadership changes, a voluntary separation program and an involuntary separation program. Cost: $ 159 million of employee-related charges

    Word for word“During 2019, the Company recorded $ 159 million of employee-related charges, including $ 26 million of noncash stock-based compensation expense related to the accelerated vesting of certain equity awards, associated with the 2019 Corporate 89 Table of Contents PIONEER NATURAL RESOURCES COMPANY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS December 31, 2021, 2020 and 2019 Restructuring Program in other expense in the consolidated statements of operations.” 10-K for 2021

  3. Our summaryRecorded employee-related costs tied to the 2020 staffing reduction in its well services business, which decreased other expense in 2021 compared with 2020.

    Word for word“partially offset by decreases of (i) $90 million in the Company's net forecasted deficiency fee obligation and receivable associated with the South Texas Divestiture, (ii) $77 million of employee-related charges primarily associated with the Company's 2020 corporate restructuring and 2020 staffing reduction in its well services business, (iii) $70 million in idle frac fleet fees, stacked drilling rig charges and drilling rig early terminations charges and (iv) $25 million in early extinguishment of debt charges.” 10-K for 2021

  4. Our summaryRecorded employee-related costs from the Parsley Acquisition, which the filing describes as transaction costs including employee-related costs. During the year ended December 31, 2021 · Cost: $ 90 million of employee-related costs

    Word for word“Represents costs associated with the Parsley Acquisition, which include $ 90 million of employee-related costs and $ 121 million of transaction-related fees during the year ended December 31, 2021.” 10-K for 2021

  5. Our summaryRecorded employee-related charges from the Delaware Divestiture and Well Services Divestiture. Cost: $ 1 million related to the Delaware Divestiture and $ 1 million related to the Well Services Divestiture

    Word for word“Additions for the year ended December 31, 2021 are comprised of $ 1 million related to the Delaware Divestiture and $ 1 million related to the Well Services Divestiture.” 10-K for 2021

  6. Our summaryThe filing describes a 2020 corporate restructuring to reduce staffing levels to match a planned reduction in future activity levels, recorded as restructuring charges. 2020

    Word for word“Primarily represents the Company's 2020 corporate restructuring to reduce its staffing levels to correspond with a planned reduction in future activity levels.” 10-K for 2022
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedRestructuring chargesRestructuring costs incurred
2016-12-31—$4 million
2017-12-31$0$0
2018-12-31$0—
2019-12-31$159 million—
2020-12-31$79 million—
2021-12-31$2 million—
2022-12-31$0—

Pioneer Natural Resources 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 Pioneer Natural Resources’s annual reports (10-K for 2023, 10-K for 2022, 10-K for 2021) and the financial data it files with the SEC, as of 2024-02-22. 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.