Encino Plans to Cut 121 Jobs in Houston Amid EOG Resources Deal
SOURCENews reportView the filing ↗
What we know
Location: Houston, Texas, USA.
Based on news reporting.
Summary
Encino is planning to cut 121 jobs in Houston as part of a restructuring related to its $5.6 billion deal with EOG Resources, Inc. The layoffs are part of a broader adjustment in response to the acquisition, which aims to streamline operations. While the specific departments affected have not been disclosed, the job cuts highlight the impact of significant corporate transactions on local employment. Encino's decision reflects the ongoing changes in the energy sector and the need for companies to adapt to new business realities.
EOG Resources, Inc. cut 121 jobs in TX.
That is roughly 4% of the 3,050 people EOG Resources, Inc. employs.
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Estimated figure based on news reporting. Not yet confirmed by EOG Resources, Inc..
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