Location: Permian Basin, Texas, USA.
Based on news reporting.
ConocoPhillips has announced layoffs affecting approximately 200 employees as part of its operational adjustments in the Permian Basin. Despite the strong performance of the region, the company is restructuring its workforce to enhance efficiency and reduce costs. The layoffs are expected to take effect immediately, impacting various roles within the organization. This decision comes as the company aims to streamline operations while continuing to capitalize on the robust market conditions in the Permian Basin. The specific departments affected by the layoffs have not been disclosed, but the company emphasizes its commitment to maintaining operational strength in the area.
ConocoPhillips cut 200 jobs as of October 1, 2023.
That is roughly 1.9% 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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