Chesapeake slashes 15% of workforce

September 29, 2015 8:45 PM

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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.

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