Location: Houston, Texas.
Based on news reporting.
ConocoPhillips has announced plans to lay off approximately 1,000 employees as part of a restructuring effort in response to ongoing challenges in the oil industry. The layoffs are expected to affect various departments within the company, primarily based in Houston, Texas. This decision comes as the company aims to streamline operations and reduce costs amid fluctuating oil prices and market uncertainties. The layoffs are part of a broader trend in the oil sector, where companies are adjusting their workforce to remain competitive. ConocoPhillips has indicated that these changes are necessary to ensure long-term sustainability and efficiency.
ConocoPhillips cut 1,000 jobs.
That is roughly 9.7% 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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ConocoPhillips has announced planned job cuts affecting 1,000 employees. If you work there, what are you hearing internally? Which teams expect to be affected? You can post anonymously below.
Estimated figure based on news reporting. Not yet confirmed by ConocoPhillips.
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