Chesapeake reduces staff by 15%

Chesapeake Energy Corp. has eliminated 15% of its workforce (approximately 740 employees) in order to further streamline operations and remain competitive in the current low oil price environment, according to various media outlets, citing an internal email sent by Chesapeake CEO Doug Lawler to employees.

The staff reductions occurred across all functions of the company, and approximately 562 of the layoffs were made in Chesapeake’s main headquarters of Oklahoma City, Oklahoma.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Making DDoS Mitigation Part of Your Incident Response Plan: Critical Steps and Best Practices

Like a new virulent strain of flu, the impact of a distributed denial of service (DDoS) attack is...

The Multi-Tax Challenge of Managing Excise Tax and Sales Tax

To be able to accurately calculate multiple tax types, companies must be prepared to continually ...

Operational Analytics in the Power Industry

Cloud computing, smart grids, and other technologies are changing transmission and distribution. ...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...