ConocoPhillips to Cut 20–25% of Workforce; Shares Drop
ConocoPhillips announced on Sept. 4, 2025 that it will reduce 20–25% of its roughly 13,000 global employees in a broad restructuring, a move CEO Ryan Lance outlined in a company video that coincided with a sharp drop in the company’s shares. Key Takeaways ConocoPhillips plans to cut 20–25% of its workforce, affecting about 2,600–3,250 employees. … Read more