Report; Hundreds Of EQT Employees To Be Laid Off

PITTSBURGH – (WPXI) – EQT Corp. is readying plans to lay off around 200 employees in a move that could happen sometime this week. Multiple sources told the Business Times about the plans for the layoffs, which would be a significant portion of the 800 or so employees that are working at the downtown Pittsburgh-based natural gas driller. It would be the second round of layoffs at EQT (NYSE: EQT) since January, when about 100 employees were laid off by the previous management team. EQT declined comment.