Vital Energy layoffs, on the record
Every job cut, severance charge and restructuring Vital Energy reported in its annual reports, 2022 to 2024, quoted from the filings.
Job cuts, severance and restructuring
Our summaryCompany-wide reorganization with a workforce reduction of 14 individuals, about 5% of the workforce, implemented immediately.
Word for word“On June 29, 2021, (the "Effective Date"), the Company committed to a company-wide reorganization effort (the “Plan”) that included a workforce reduction of 14 individuals, or approximately 5 % of the workforce.” 10-K for 2022
Our summaryAnnounced the departure of the Senior Vice President and Chief Operating Officer, whose duties were absorbed by other management.
Word for word“On August 24, 2022, the Company announced the departure of the Company's Senior Vice President and Chief Operating Officer.” 10-K for 2022
Our summaryAnnounced organizational changes including a workforce reduction of 22 individuals, which included a senior officer, in response to COVID-19 and market conditions.
Word for word“On June 17, 2020, the Company announced organizational changes, including a workforce reduction of 22 individuals which included a senior officer, that were implemented immediately, subject to certain administrative procedures.” 10-K for 2022
Our summaryRecorded organizational restructuring expenses after the departure of the Vice President of Drilling, Completions and Environment, Health and Safety, whose duties were absorbed by other management.
Word for word“In November 2023, the Company made certain changes to its leadership and organizational structure, which included the departure of the Company's Vice President of Drilling, Completions and Environment, Health and Safety, effective December 22, 2023.” 10-K for 2023
Our summaryRecorded organizational restructuring expenses for the departure of the former Senior Vice President and Chief Operating Officer.
Word for word“Such expenses were incurred for (i) the departure of our former Vice President of Drilling, Completions and Environment, Health and Safety during the fourth quarter of 2023 and (ii) our former Senior Vice President and Chief Operating Officer during the third quarter of 2022.” 10-K for 2023
Our summaryThe company recorded organizational restructuring expenses, which are separation charges such as compensation, tax, professional, outplacement and insurance-related costs.
Word for word“Organizational restructuring expenses Organizational restructuring expenses are separation charges comprised of compensation, tax, professional, outplacement and insurance-related expenses, which are recorded as "Organizational restructuring expenses" on the consolidated statements of operations.” 10-K for 2024
| Fiscal year ended | Restructuring charges |
|---|---|
| 2016-12-31 | $0 |
| 2017-12-31 | $0 |
| 2018-12-31 | $0 |
| 2019-12-31 | $16.4 million |
| 2020-12-31 | $4.2 million |
| 2021-12-31 | $9.8 million |
| 2022-12-31 | $10.4 million |
| 2023-12-31 | $1.7 million |
| 2024-12-31 | $795,000 |
Vital Energy filed 3 restructuring notices (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 Vital Energy’s annual reports (10-K for 2024, 10-K for 2023, 10-K for 2022) and the financial data it files with the SEC, as of 2025-02-24. 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.