Location: Houston, Texas, USA.
Based on news reporting.
ConocoPhillips has announced layoffs affecting approximately 300 employees as part of a restructuring process following its acquisition of Marathon Oil. The layoffs are set to take place in Houston, Texas, and are part of the company's efforts to streamline operations and integrate the newly acquired assets. This decision comes amid a broader strategy to enhance efficiency and reduce costs in the wake of the acquisition. The company aims to realign its workforce to better meet future operational demands and market conditions.
ConocoPhillips cut 300 jobs as of October 1, 2023.
That is roughly 2.9% of the 10,300 people ConocoPhillips employs.
LayoffTalk has tracked 19 layoff events at ConocoPhillips since October 2023, affecting a combined 6,700 employees.
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