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.

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