WEC Energy Group layoffs, on the record
Every job cut, severance charge and restructuring WEC Energy Group reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 7,000 to 7,151.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 7,000 | As of December 31, 2023 |
| 10-K for 2024 | 7,017 | As of December 31, 2024 |
| 10-K for 2025 | 7,151 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryThe company reported a severance expense for plant retirement liabilities in 2023, lower than the prior year, and noted lower severance cost in 2023 as a reason for an operating cost change.
Word for word“Severance liability at January 1 $ 16.2 $ 4.9 $ 0.7 Severance expense 1.6 11.3 4.6 Severance payments — — ( 0.4 ) Total severance liability at December 31 $ 17.8 $ 16.2 $ 4.9 Wisconsin Segment Plant to be Retired Oak Creek Power Plant Units 5-8 As a result of a PSCW approval in December 2022 for the acquisition and construction of Darien, the retirement of OCPP Units 5-8 became probable.” 10-K for 2023
Our summaryThe company reported a severance expense decrease in 2024 tied to workforce realignment efforts, lowering its severance liability for plant retirements.
Word for word“(1) The severance accrual was decreased in 2024 due to workforce realignment efforts.” 10-K for 2024
Our summaryThe company reported lower severance expense during 2024 within power plant operation and maintenance costs.
Word for word“• A $34.9 million decrease in other operating and maintenance related to our power plants, driven by the resolution of certain items as a result of the December 2024 Wisconsin rate orders approved by the PSCW, as well as lower severance expense during 2024.” 10-K for 2024
| Fiscal year ended | Severance costs | Restructuring charges | Cash paid for restructuring |
|---|---|---|---|
| 2017-12-31 | $29.4 million | — | — |
| 2018-12-31 | — | — | $10.7 million |
| 2019-12-31 | — | $0 | $7.2 million |
| 2020-12-31 | — | $0 | $100,000 |
| 2021-12-31 | — | $4.6 million | $400,000 |
| 2022-12-31 | $11.3 million | $11.3 million | $0 |
| 2023-12-31 | $1.6 million | $1.6 million | $0 |
| 2024-12-31 | — | — | $500,000 |
| 2025-12-31 | $0 | — | $700,000 |
WEC Energy Group 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 WEC Energy Group’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 2026-02-20. 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.