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ConocoPhillips to Cut Workforce by Up to 25%, Shares Decline
Financial MarketsWorkforce ReductionUpdated a few seconds ago

ConocoPhillips to Cut Workforce by Up to 25%, Shares Decline

ConocoPhillips has announced a significant workforce reduction of 20-25%, prompting a drop in its stock shares. This move highlights the ongoing difficulties faced by the energy sector as companies adapt to changing market conditions.

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ConocoPhillips says it will cut workforce by 20-25%, shares fall
Investing.com11 hours ago
ConocoPhillips says it will cut workforce by 20-25%, shares fall
NegativeFinancial Markets
ConocoPhillips announced plans to reduce its workforce by 20-25%, leading to a decline in its share prices.
Editor’s Note: This workforce reduction is significant as it reflects the company's response to market pressures. The drop in share prices may impact investor confidence and the overall financial health of the company.
Read full article
via Investing.com
U.S. Oil Giant ConocoPhillips Will Lay Off Up to 25% of Its Work Force
The New York Times12 hours ago
U.S. Oil Giant ConocoPhillips Will Lay Off Up to 25% of Its Work Force
NegativeFinancial Markets
ConocoPhillips has announced plans to lay off up to 25% of its global workforce by the end of the year, impacting many employees.
Editor’s Note: This significant reduction in workforce highlights the challenges faced by the oil industry and could have broader implications for the economy and job market.
Read full article
via The New York Times
ConocoPhillips to cut up to quarter of its staff as oil prices slide
Financial Times13 hours ago
ConocoPhillips to cut up to quarter of its staff as oil prices slide
NegativeFinancial Markets
ConocoPhillips plans to reduce its workforce by up to 25% due to declining oil prices, marking significant job losses in the sector.
Editor’s Note: This decision highlights the ongoing challenges faced by the oil industry as prices fluctuate, impacting employment and economic stability in the sector.
Read full article
via Financial Times
ConocoPhillips Plans to Cut Up to 25% of Its Workforce
Bloomberg16 hours ago
ConocoPhillips Plans to Cut Up to 25% of Its Workforce
NegativeFinancial Markets
ConocoPhillips is planning to reduce its workforce by 20% to 25%.
Editor’s Note: This significant workforce reduction highlights the challenges facing the oil and gas industry, potentially impacting many employees and the local economy.
Read full article
via Bloomberg

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