> Houston-based ConocoPhillips to lay off up to 25% of its workforce, impacting thousands of jobs
Houston-based ConocoPhillips to lay off up to 25% of its workforce, impacting thousands of jobs
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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.
A spokesperson for ConocoPhillips confirmed the layoffs on Wednesday, noting that 20% to 25% of the company’s employees and contractors would be impacted worldwide. ConocoPhillips currently has a global headcount of about 13,000 — meaning that the cuts would impact between 2,600 and 3,250 workers.
Story: https://www.khou.com/article/news/local/conocophillips-workforce-layoffs/285-c0fd2cd7-a197-4390-a58e-bbd544008a0b