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ConocoPhillips to Cut 20-25% of Workforce Amid Restructuring

9/3/2025

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Summary

Story summary

ConocoPhillips plans to reduce its workforce by 20-25%, impacting 2,600 to 3,250 employees.
CEO Ryan Lance communicated the layoffs through a video message.
A town hall meeting will be held on Thursday at 9 a.m. Central Time to address the changes.
The restructuring aims to enhance operational efficiency in response to rising costs.

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Story summary

ConocoPhillips plans to reduce its workforce by 20-25%, impacting 2,600 to 3,250 employees.
CEO Ryan Lance communicated the layoffs through a video message.
A town hall meeting will be held on Thursday at 9 a.m. Central Time to address the changes.
The restructuring aims to enhance operational efficiency in response to rising costs.