Chesapeake slashes 15% of workforce

September 29, 2015 8:45 PM

34 0

Chesapeake Energy is aggressively eliminating jobs as it wrestles with cheap oil and natural gas prices.

The energy exploration company said on Tuesday that it plans to slash about 15% of its workforce, or 740 employees. Most of the job cuts will take place in Oklahoma City, where Chesapeake (CHK) is based.

Also read: Texas IT company building global headquarters in S. Carolina

Read more

To category page

Loading...