Location: Houston, Texas, USA.
Based on news reporting.
ConocoPhillips has announced layoffs affecting approximately 2,000 employees as part of its strategy focused on capital discipline rather than a response to a crisis. The layoffs are set to take place in Houston, Texas, where the company is restructuring its operations to enhance efficiency and reduce costs. The CEO emphasized that these job cuts are a proactive measure to align the workforce with the company's long-term goals. This decision reflects a broader trend in the energy sector, where companies are adjusting their workforce in response to market conditions. The layoffs are expected to be completed by the end of the month.
ConocoPhillips cut 2,000 jobs as of October 1, 2023.
That is roughly 19.4% 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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