Location: Houston, Texas, USA.
Based on news reporting.
ConocoPhillips has announced significant layoffs affecting approximately 1,500 employees as part of a restructuring effort to adapt 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 increased competition, prompting the company to reassess its workforce needs. The layoffs will primarily impact positions in Houston, Texas, where the company is headquartered. ConocoPhillips aims to enhance its operational efficiency and maintain competitiveness in a challenging market environment.
ConocoPhillips cut 1,500 jobs as of October 1, 2023.
That is roughly 14.6% 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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