ConocoPhillips plans to reduce its workforce by 20-25% as part of a global restructuring, following similar actions by Chevron and BP due to industry pressures.
NEW YORK (AP) — Oil giant ConocoPhillips is planning to lay off up to a quarter of its workforce, amounting to thousands of jobs, as part of broader efforts from
Oil and gas producer ConocoPhillips will cut 20%-25% of its workforce as part of a broad restructuring, a company spokesperson said on Wednesday, after five sources told Reuters that CEO Ryan Lance detailed the plans in a morning video message.
Oil giant ConocoPhillips is planning to lay off up to a quarter of its workforce, amounting to thousands of jobs, as part of broader efforts from the company to cut costs.
Oil giant ConocoPhillips announced Thursday that it will lay off about 25% of its workforce globally as part of a restructuring. Lower oil prices contributed.
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ConocoPhillips to slash up to 25% of its workforce — up to 3,200 jobs | Since Then
