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.
BREAKING: Here's the layoff letter sent to employees at @Chesapeake. 13% = about 400 employees. pic.twitter.com/tLzh3XBOeu— Grant Hermes News 9 (@GrantHermesKWTV) January 30, 2018
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