{"id":45840,"date":"2025-09-04T12:38:47","date_gmt":"2025-09-04T12:38:47","guid":{"rendered":"https:\/\/site.itshrt.com\/worldnews\/conocophillips-to-slash-up-to-25-of-its-workforce-up-to-3200-jobs\/"},"modified":"2025-09-04T12:38:47","modified_gmt":"2025-09-04T12:38:47","slug":"conocophillips-to-slash-up-to-25-of-its-workforce-up-to-3200-jobs","status":"publish","type":"post","link":"https:\/\/site.itshrt.com\/worldnews\/conocophillips-to-slash-up-to-25-of-its-workforce-up-to-3200-jobs\/","title":{"rendered":"ConocoPhillips to slash up to 25% of its workforce \u2014 up to 3,200 jobs"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<\/p>\n<div id=\"article-0\">\n<section class=\"content__body\">\n<p>Oil giant ConocoPhillips is planning to lay off up to a quarter of its workforce, amounting to thousands of jobs, as part of broader efforts from the company to cut costs.<\/p>\n<p>A spokesperson for ConocoPhillips confirmed the layoffs on Wednesday, noting that 20% to 25% of the company&#8217;s employees and contractors would be impacted worldwide. ConocoPhillips currently has a global headcount of about 13,000 \u2014 meaning that the cuts would impact between 2,600 and 3,250 workers.<\/p>\n<p>&#8220;We are always looking at how we can be more efficient with the resources we have,&#8221; a ConocoPhillips&#8217; spokesperson said via email, adding that the company expects the &#8220;majority of these reductions&#8221; to take place before the end of 2025.<\/p>\n<p>ConocoPhillips&#8217; shares fell 4.3% Wednesday. The Houston-based company&#8217;s stock now sits at under $95 per share, down nearly 14% from a year ago.<\/p>\n<p>News of the coming layoffs was first reported\u00a0<a href=\"https:\/\/www.reuters.com\/business\/world-at-work\/conocophillips-says-it-will-cut-workforce-by-20-25-shares-fall-2025-09-03\/\" target=\"_blank\" rel=\"nofollow noopener\">by Reuters<\/a>, with anonymous sources telling the outlet that CEO Ryan Lance detailed the plans in a video message earlier Wednesday. In that video, Reuters reported, Lance said the company needed &#8220;fewer roles&#8221; while he cited rising costs.<\/p>\n<p>Last month, ConocoPhillips reported second-quarter earnings of $1.97 billion. That beat Wall Street expectations, but was down from the nearly $2.33 billion the company reported for the same period last year.<\/p>\n<p>In its latest earnings, reported on Aug. 7, ConocoPhillips continued to point to cost cutting efforts \u2014 noting that it had identified more than $1 billion in cost reductions and margin optimization. The company also said it had agreed to sell its Anadarko Basin assets for $1.3 billion.<\/p>\n<p>    <!-- data-recirc-source=\"queryly\" --><\/p>\n<aside class=\"component list recirculation component--type-recirculation \">\n<p><h3 class=\"component__title\">More from CBS News<\/h3>\n<\/p>\n<\/aside>\n<p>    <!-- tags --><\/p>\n<\/section><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.cbsnews.com\/news\/conocophillips-layoffs-ceo-ryan-lance-2025\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil giant ConocoPhillips is planning to lay off up to a quarter of its workforce, amounting to thousands of jobs,<\/p>\n","protected":false},"author":1,"featured_media":45841,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[],"class_list":["post-45840","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-money-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ConocoPhillips to slash up to 25% of its workforce \u2014 up to 3,200 jobs - World News<\/title>\n<meta name=\"description\" content=\"Oil giant ConocoPhillips is planning to lay off up to a quarter of its global workforce, amounting to thousands of jobs.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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