The approaching takeover of Concho Resources Inc. by ConocoPhillips will apparently lead to the layoff of nearly one-fourth of the workers at ConocoPhillips headquarters in Houston.
Bloomberg reports that employees will learn in February who gets the 60-day advance notice and who doesn’t. The layoffs will apparently apply only to the Houston offices and it isn’t clear whether any might occur at the Oklahoma operations in Bartlesville.
Click here for Bloomberg story.
