Targa Resources Partners layoffs, on the record
Every job cut, severance charge and restructuring Targa Resources Partners reported in its annual reports, 2018 to 2020, quoted from the filings. Headcount went from approximately 2,460 to approximately 2,372.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2018 | approximately 2,460 | — |
| 10-K for 2019 | approximately 2,680 | — |
| 10-K for 2020 | approximately 2,372 | December 31, 2020 |
Job cuts, severance and restructuring
Our summaryThe company recorded one-time severance and related benefit expense tied to its cost reduction measures in 2020, and added it back in its Adjusted EBITDA reconciliation.
Word for word“(2) Represents one-time severance and related benefit expense related to our cost reduction measures.” 10-K for 2020
Targa Resources Partners 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 Targa Resources Partners’s annual reports (10-K for 2020, 10-K for 2019, 10-K for 2018) and the financial data it files with the SEC, as of 2021-02-18. 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.