Thread regarding Chesapeake Energy Corp. layoffs

News 9 is learning about more layoffs at Chesapeake Energy. News 9 confirmed Tuesday afternoon that approximately 800 employees nationwide, ...

News 9 is learning about more layoffs at Chesapeake Energy.

News 9 confirmed Tuesday afternoon that approximately 800 employees nationwide, have been let go, including 640 in Oklahoma City.

The workforce reductions are part of a company wide reorganization called for by new CEO Doug Lawler, in order to make Chesapeake a more "sustainable, profitable company in the energy sector."

Officials say they still have 6,000 employees in Oklahoma, including 3,500 in Oklahoma City. And they still have 11,000 employees nationwide.

Lawler has said this restructuring process will be complete by, the latest, November 1.

In a letter sent to Chesapeake employees on Tuesday, Lawler stated,

"The organizational restructuring targeted to be complete by November 1 has concluded, and the initial transformation work is finished. By scaling E&P support services, reducing management layers, and aligning resources with a sharpened focus on accountability and efficiency, we have created a business built to deliver a sustainable and profitable future. As a result of the restructuring, approximately 800 employees – in various groups including Land, Operations, IT, HR, Legal, Facilities, A&D, Finance and Accounting – were informed today that they will be leaving the company."

by
| 256 views | | no replies yet | Reply
Post ID: @OP+s5MxJji

There are no replies in this thread yet. Be the first to post a reply below:

Post a reply

: