With 10% of its workforce of more than 13,000 in Bartlesville, ConocoPhillips is moving ahead with laying off up to 25% of the staff worldwide—a move to cut costs at a time when oil prices are falling.
Bartlesville workers are wondering if they will be part of the reduction in workforce as the Houston-based energy company sharpens its focus on capital disciplilne and investment priorities and—-cutting costs.
What happened to ConocoPhillips? CEO Ryan Lance told employees last week the company lost focus on controlling costs. And the “loss” of focus came after the giant firm acquired Marathon Oil in a $22.5 billion deal last year.
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