Puget Energy layoffs, on the record
Every job cut, severance charge and restructuring Puget Energy reported in its annual reports, 2023 to 2025, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 3,340 full-time equivalent employees | December 31, 2023 |
| 10-K for 2024 | approximately 3,257 | December 31, 2024 |
| 10-K for 2025 | approximately 3,412 full-time equivalent employees | At December 31, 2025 |
Job cuts, severance and restructuring
Our summaryThe company's compensation committee set up an Executive Severance Plan that pays severance to eligible executives who are terminated without cause.
Word for word“In 2025, based on this review, the Committee established the Company’s Executive Severance Plan (Severance Plan), effective March 1, 2025, to provide executives with severance benefits in the event the Company involuntarily terminates an eligible executive’s employment without cause.” 10-K for 2025
Puget Energy filed 1 restructuring notice (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Puget 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 2026-02-19. 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.