Saturday, February 3, 2018

400 Jobs Lost in Latest Round of Mass Layoffs at Chesapeake Energy

From CNBC:
Chesapeake Energy has announced it will lay off hundreds of employees as the debt-burdened natural gas driller continues to overhaul its business. 
In a letter to employees, Chesapeake said it will let go about 13 percent of its workforce, which stood at 3,247 people as of September. A company spokesperson confirmed the Oklahoma City-based company would trim back about 400 positions. 
The layoffs will occur primarily at Chesapeake's Oklahoma City campus. 
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