ConocoPhillips Says It Will Cut Workforce by 20-25%, Shares Fall

Texas oil giant to lay off a quarter of its staff

ConocoPhillips plans to eliminate thousands of jobs as part of an efficiency drive amid climbing costs and declining oil prices.

ConocoPhillips to begin layoffs as early as Nov. 10, company says in state notice

U.S. oil company ConocoPhillips will begin company-wide layoffs as early as Nov. 10, the company said in a state notice sent to some employees.

Oil giant to lay off up to 25% of its workforce

NEW YORK — 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.

ConocoPhillips says it will lay off up to 25% of its global workforce, impacting thousands of jobs

The oil company currently has a workforce of about 13,000 — meaning that the cuts would impact up to 3,250 workers.

Oil Company Plans to Lay Off Thousands

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...

US oil giant ConocoPhillips will lay off up to 25% of its global workforce

The U.S. oil giant announced layoffs as crude futures prices have decreased by about 11% this year.