Location: Houston, Texas, USA.
Based on news reporting.
ConocoPhillips has announced significant layoffs affecting approximately 800 employees as part of a restructuring effort in response to ongoing challenges in the oil industry. The layoffs are set to take place in Houston, Texas, where the company is streamlining operations to enhance efficiency and reduce costs. This decision comes as the company faces fluctuating oil prices and increased competition, prompting a reevaluation of its workforce needs. ConocoPhillips aims to position itself better for future growth while managing current economic pressures. The layoffs are expected to impact various roles within the organization, although specific departments have not been disclosed.
ConocoPhillips cut 800 jobs as of October 1, 2023.
That is roughly 7.8% 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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