EQT confirms Tuesday’s layoffs cut 196 jobs

EQT Corp. late Tuesday afternoon confirmed that 196 employees were laid off — 23 percent of the Pittsburgh-based natural gas driller’s workforce.

In a statement, the company provided more details about the cuts, which it said will save about $50 million in annual general and administrative expenses. EQT (NYSE: EQT), the largest independent natural gas producer in the United States, went through an historic proxy battle and nearly complete board changeover at July’s annual meeting that led to…


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