Thread regarding CenterPoint Energy Inc. layoffs


Let's see what tomorrow brings, I honestly think we are all done with layoffs. We'll need to figure out if there will be more cuts in 2019, I am also fairly certain we have done the cuts we needed to do. I heard that Vectren had cuts as well so when you add up the total number of cuts they may as well be all done with 'synergies elimination'. Anyhow, good luck to all tomorrow.

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Two percent of the combined company's workforce was let go, with reductions occurring in Evansville and Houston.

A hard number of layoffs was not released. It has about 14,000 employees with assets totaling approximately $29 billion and an enterprise value of $27 billion.

“Today, we come together as one company. With a greater level of business operations, resources and capabilities, we plan to execute a unified business strategy focused on the safe and reliable delivery of electricity, natural gas and energy-related services,” said Scott M. Prochazka, president and chief executive officer of CenterPoint Energy. “It is a time of transformation for our industry, and I believe CenterPoint Energy will be well positioned to deliver traditional energy services with innovative solutions that meet customers’ evolving needs and expectations.”

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