WPX Energy layoffs, on the record
Every job cut, severance charge and restructuring WPX Energy reported in its annual reports, 2017 to 2019, quoted from the filings.
Job cuts, severance and restructuring
Our summaryGeneral and administrative expenses fell by $40 million, mainly due to workforce reductions.
Word for word“$40 million decrease in general and administrative expenses primarily due to workforce reductions.” 10-K for 2017
Our summaryThe company recorded severance and relocation costs tied to workforce reductions and office consolidations.
Word for word“In addition, 2016 included $15 million for severance and relocation costs associated with workforce reductions in third-quarter 2016 and office consolidations.” 10-K for 2017
Our summaryGeneral and administrative expenses fell in 2017 compared with 2016, mainly because of workforce reductions.
Word for word“$36 million decrease in general and administrative expenses primarily due to workforce reductions.” 10-K for 2018
WPX Energy 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 WPX Energy’s annual reports (10-K for 2019, 10-K for 2018, 10-K for 2017) and the financial data it files with the SEC, as of 2020-02-28. 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.