Chesapeake slashes 15% of workforce

September 29, 2015 8:45 PM

38 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: J. Crew Plans to Cut 250 Jobs

Read more

To category page