FirstEnergy to reduce workforce by under 3%

In an 8-K filing, the company states: “On March 24, 2025, FirstEnergy (FE) internally announced organizational changes to company employees. These organizational changes are intended to align the company’s organization with its new business model, which is designed to make the company more efficient and sustainable while placing responsibility and accountability closer to customers, employees and regulators. The changes are also consistent with the company’s focus on operations and maintenance expense discipline. These organizational changes will result in approximately two hundred employees being reassigned and the company reducing its workforce by less than 3%.”