Bloodbath Continues at Chesapeake, as "Numerous" Executives Have Their Positions Cut

Just more firings at Chesapeake -
Nothing to see here
From News 9 in Oklahoma City:
Oklahoma City-based Chesapeake Energy has made another round of personnel cuts, as part of an ongoing effort to right-size the company.
Sources told News 9 that numerous high level employees – vice presidents – were informed today that their positions had been cut.  A statement from Chesapeake confirms that it is "transitioning key leadership positions and making adjustments to its organization to properly align resources, reduce expenses, and improve its operating and competitive performance."
The company would not reveal the exact number of positions cut.  Chesapeake currently employs 12,000 people in more than a dozen states.
Last month, the company announced the departures of several of the executive V.P.s who had served for years under co-founder and former CEO Aubrey McClendon, who left Chesapeake in April.
Read the whole article here. 

Connect with us on Facebook and Twitter!

Popular posts from this blog

Fracktivist in Dimock Releases Carefully Edited Video, Refuses to Release the Rest

The Second Largest Oil and Gas Merger - Cabot and Cimarex

Do You Know The History of Fracking?