EQT Plans to Cut Jobs by 15%, Could Face Pre-Tax Charges Up to $185M

EQT Corporation (EQT) , a U.S.-based natural gas producer, has planned to cut its workforce by 15% following the acquisition of Equitrans Midstream Corporation. This marks the second-largest round of layoffs by EQT since 2019, when it had reduced its manpower by 23% after the appointment of Toby Rice as its CEO. The recent layoffs are a part of the process of combining the operations of the two companies, following Equitrans Midstream's acquisition. This includes the termination of several senior-level empl ...