YPF Sociedad Anonima layoffs, on the record
Every job cut, severance charge and restructuring YPF Sociedad Anonima reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 25,711 to 22,499.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 20-F for 2023 | 25,711 | — |
| 20-F for 2024 | 25,877 | December 31, 2024 |
| 20-F for 2025 | 22,499 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryThe filing describes the 1989 Argentine deregulation and privatization laws and decrees that required YPF to undertake an internal management and operational restructuring program.
Word for word“In August 1989, Argentina enacted laws aimed at the deregulation of the economy and the privatization of Argentina's state-owned companies, including us.” 20-F for 2023
Our summaryThe filing notes that throughout the 1990s and 2000s the group carried out international restructuring transactions, which the Liquidating Trust challenges in litigation; these are not workforce reductions.
Word for word“Throughout the 1990s and 2000s decades, certain restructuring transactions were carried out in respect of the international operations of the Group, including certain operations by the companies that made up the Maxus Entities' group, which were carried out in the ordinary course of business with the legitimate objective of achieving greater efficiencies in the management of such international operations.” 20-F for 2023
Our summaryWorkforce reduction of 341 positions tied to the Mature Fields Project, reported as a decrease in employees during 2024.
Word for word“In 2024, the most significant variations are explained by: (i) an increase of 649 employees at AESA, due to new engineering projects as part of its construction business unit, (ii) a decrease of 341 due to the Mature Fields Project, and (iii) a decrease of 317 due to rightsizing in service stations, structures, refineries and corporate functions.” 20-F for 2024
Our summaryRecognized a charge for provisions for operating optimizations, reported in other operating results.
Word for word“For such concept, for the year ended December 31, 2024, the Company recognized a charge for 266 in the "Provision for operating optimizations" line under "Other operating results, net" line item in the statement of comprehensive income.” 20-F for 2024
Our summaryRecognized a charge for severance indemnities for its own personnel and for asset assignment agreements covering 8 groups of assets (24 areas).
Word for word“In relation to the Company's own personnel and for the assignment agreements signed for 8 groups of assets (24 areas) mentioned above, the Company, for the year ended December 31, 2024, recognized a charge for severance indemnities of 63 in the "Provision for severance indemnities" line under "Other operating results, net" line item in the statement of comprehensive income.” 20-F for 2024
Our summaryHigher charges for provisions for operating optimizations and severance indemnities drove a negative change in other net operating results.
Word for word“A negative change in other net operating results of US$ 761 million, mainly explained by higher charges for provisions for operating optimizations and severance indemnities, the result from changes in fair value of assets held for sale related to the "Mature Fields Project" and lower income from the Export Increase Program (see Notes 28 and 11 "Mature Fields Project" section to the Audited Consolidated Financial Statements).” 20-F for 2024
Our summaryOther net operating results included a provision for severance indemnities of 74 and a provision for operating optimizations of 266.
Word for word“Provision for severance indemnities (2) ( 74 ) - - Provision for operating optimizations (2) ( 266 ) - - Insurance 5 - - Miscellaneous ( 3 ) 34 5 ( 609 ) 152 150 (1) See Note 36.h).” 20-F for 2024
Our summaryThe company recognized a charge for severance indemnities for its own personnel tied to the Mature Fields Project.
Word for word“- In relation to the Company’s own personnel, the Company recognized a charge for severance indemnities of 45 and 63 in the “Provision for severance indemnities” line under “Other operating results, net” line item in the statement of comprehensive income for the years ended December 31, 2025 and 2024, respectively.” 20-F for 2025
Our summaryThe company committed to an optimization plan to reduce third-party employees linked to operations of assets held for disposal, and recorded charges for it.
Word for word“- Has committed to an optimization plan that involves operating efficiency measures related to the reduction of third party employees directly or indirectly affected to the operation of areas related to certain groups of assets held for disposal.” 20-F for 2025
Our summaryHeadcount fell in 2025 due to the end of AESA engineering projects, the upstream conventional portfolio optimization plan, and rightsizing in service stations, refineries and corporate functions.
Word for word“In 2025, the most significant variations are explained by: (i) a decrease of 1,668 employees at AESA, due to finalization of the engineering projects of its construction business unit and the optimization plan of the conventional upstream portfolio related to mature fields; (ii) a decrease of 959 due to the optimization plan of the conventional upstream portfolio; and (iii) a decrease of 1,139 employees due to rightsizing in service stations, refineries and corporate functions.” 20-F for 2025
YPF Sociedad Anonima 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 YPF Sociedad Anonima’s annual reports (20-F for 2025, 20-F for 2024, 20-F for 2023) and the financial data it files with the SEC, as of 2026-03-26. 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.