ConocoPhillips to Cut 20-25% of Workforce, Shares Fall
Lead: On Sept. 3 in Houston, ConocoPhillips announced a plan to reduce its global headcount by roughly 20–25%—about 2,600 to 3,250 roles—part of a wider restructuring as shares fell about 4.5% to $94.55. Key Takeaways Company will cut 20–25% of its roughly 13,000 employees, affecting an estimated 2,600–3,250 positions. Most reductions are expected by year-end; … Read more