Oil giant ConocoPhillips is planning to lay off up to a quarter of its workforce, amounting to thousands of jobs, as part of broader efforts from the company to cut costs.
A spokesperson for ConocoPhillips confirmed the layoffs on Wednesday, noting that 20% to 25% of the company’s employees and contractors would be impacted worldwide. ConocoPhillips currently has a global headcount of about 13,000 — meaning that the cuts would impact between 2,600 and 3,250 workers.
“We are always looking at how we can be more efficient with the resources we have,” a ConocoPhillips’ spokesperson said via email, adding that the company expects the “majority of these reductions” to take place before the end of 2025.
https://www.cbsnews.com/news/conocophillips-layoffs-ceo-ryan-lance-2025/