Location: Houston, Texas, USA.
Based on news reporting.
ConocoPhillips has announced significant layoffs affecting approximately 500 employees as part of a restructuring effort in response to ongoing challenges in the oil industry. The layoffs are set to take effect on October 1, 2023, as the company seeks to streamline operations and reduce costs. This decision comes amid fluctuating oil prices and a need to adapt to changing market conditions. The affected employees are primarily based in Houston, Texas, where the company has its headquarters. ConocoPhillips aims to enhance its operational efficiency while navigating the complexities of the current economic landscape.
ConocoPhillips cut 500 jobs as of October 1, 2023.
That is roughly 4.9% 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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