Southwestern Public Service layoffs, on the record
Every job cut, severance charge and restructuring Southwestern Public Service reported in its annual reports, 2023 to 2025, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 1,115 full-time employees and nine part-time employees | Dec. 31, 2023 |
| 10-K for 2024 | 1,140 full-time employees and seven part-time employees | Dec. 31, 2024 |
| 10-K for 2025 | 1,120 full-time employees and 15 part-time employees | Dec. 31, 2025 |
Job cuts, severance and restructuring
Our summaryXcel Energy, the parent, ran a voluntary retirement program in which about 400 eligible non-bargaining employees retired.
Word for word“Xcel Energy initiated a voluntary retirement program, under which approximately 400 eligible non-bargaining employees retired.” 10-K for 2023
Our summaryXcel Energy eliminated about 150 non-bargaining employees through an involuntary severance program.
Word for word“In November 2023, Xcel Energy, Inc. also reduced its non-bargaining workforce by approximately 150 employees through an involuntary severance program.” 10-K for 2023
Our summaryXcel Energy, the parent, ran a voluntary retirement program in which about 400 eligible non-bargaining employees retired, and it also cut about 150 non-bargaining employees through an involuntary severance program; SPS's share of the expense was $9 million.
Word for word“Total Xcel Energy workforce reduction expenses of $72 million were recorded in the fourth quarter of 2023, of which $9 million was attributable to SPS.” 10-K for 2024
Our summaryXcel Energy recorded a total expense for its 2023 voluntary retirement and involuntary severance actions, with part of it attributed to SPS.
Word for word“In the fourth quarter of 2023, Xcel Energy recorded total expense of $ 72 million related to these workforce actions, of which $ 9 million was attributable to SPS.” 10-K for 2025
Southwestern Public Service 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 Southwestern Public Service’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 2026-02-25. 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.