Up to 300 Public Service Company of New Mexico employees may have to face layoffs - this will happen if if state regulators adopt a recommended rate increase (lower than the one the utility requested), This was filed today (Tuesday 8/23) by PNM and announced. We'll see what happens.
The hiring freeze is imposed and there will be cuts after that - 200 to 300 people may lose jobs.
Just announced. Only going to be 30 this round. Much less than anyone expected.
Although I think the NM PRC commissioners are idiots (they, together with the state government, are eager to devote hundreds of millions of dollars to create 30 new data center jobs, but will do nothing to save 300 existing ones), I'm afraid that there will be layoffs now even if they come back and offer 99% of what the company had requested. She uses the PRC decision as an excuse, but the fact is, when reviewing expenses, payroll is usually approved with little debate.
The CEO/COB seems to have a genuine disgust for employees. She implemented a huge layoffs when she first came to PNMR, and has such an ego that she would gladly fire every non-executive employee before being acused of a bluff. Nor would she give back a penny of her own bonus compensation to save anyone else's job. She is the type that will fire 300 employees, then make a charitable contribution (likely to an "advocacy" group or animal rights organization -- anything as long as it doesn't directly go to actual people) and sleep just fine. She will just go back to Colorado where she actually lives (as does her real estate developer husband), and leave the state and employees she detests behind.
The company currently has more temporary, contract workers than ever before, but is careful to blend them in and make them look like employees. The sad thing is, the company has huge potential, and even good leaders if you go down a level or two, but will never reach is with the sorry CEOs they've had for the past couple of decades.
Good luck