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PG&E Corporation

PCGUtilities· Oakland, CA, United States
LAYOFFS TRACKED
1
LAST EVENT
Oct 1, 2023
MARKET CAP
$43.48B
EMPLOYEES
28,010

PG&E Corporation, through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States. It generates electricity using nuclear, hydroelectric, fossil fuel-fired, fuel cell, and photovoltaic sources. The company owns and operates interconnected transmission lines; electric transmission substations, distribution lines, transmission switching substations, and distribution substations; and natural gas transmission, storage, and distribution system consisting of distribution pipelines, backbone and local transmission pipelines, and various storage facilities. It serves residential, commercial, industrial, and agricultural customers, as well as natural gas-fired electric generation facilities. PG&E Corporation was incorporated in 1905 and is based in Oakland, California.

Layoff timeline

1 EVENT
Oct 1, 2023News

PG&E Corporation has announced layoffs affecting 500 employees as part of its strategy to manage increasing energy demands and rising costs. The layoffs are set to take effect on October 1, 2023, as the company seeks to streamline operations amid financial pressures. This decision reflects the ongoing challenges faced by the utility in balancing service reliability with economic sustainability. PG&E's workforce reduction is a significant step in its efforts to adapt to the evolving energy landscape in California.

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