Xcel Energy announces layoffs impacting 60 Minnesota employees
ST. PAUL, Minn. — Xcel Energy announced Wednesday that it is laying off 150 employees, including 60 in Minnesota.
In a statement, Xcel blamed "financial headwinds" from inflation, increased hiring during the pandemic and supply chain pressures.
Xcel says the layoffs impact about 2% of its non-bargaining workforce. It did not specify which locations were affected, but employees across "several" work locations would be impacted.
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"This decision allows us to align our organizational structure with evolving business and customer needs to ensure we're positioned to succeed over the long term," a spokesperson for Xcel Energy said.
According to Xcel's website, it had more than 11,000 full-time and part-time employees across the nation at the end of 2021 — nearly 5,000 of those employees were said to be based out of Minnesota.