ConocoPhillips To Slash Up To 25% Of Workforce ConocoPhillips, one of the largest independent exploration and production (E&P) companies in the U.S., told employees earlier that it plans to reduce its overall workforce by around 25%. The announcement comes as U.S. economic data show signs of softening, such as the disappointing jobs figures earlier today, which have pushed the odds of a 25-basis-point interest rate cut later this month to nearly 96%. WTI crude prices are trading lower amid increased concerns about OPEC supply. A company spokesperson confirmed to Reuters that ConocoPhillips will cut its workforce by 20% to 25%. At the… — Continue at ZeroHedge News : Read More
