ConocoPhillips Plans Layoffs Following Marathon Oil Acquisition

1 day ago

ConocoPhillips (COP, Financial) is reportedly planning layoffs as part of its strategy to control costs and streamline operations following its acquisition of Marathon Oil. According to sources, the company has enlisted Boston Consulting Group to advise on the restructuring process. Although the exact number of layoffs has not been determined, they are expected to occur in the fourth quarter. A spokesperson for ConocoPhillips confirmed that employees have been informed about the anticipated layoffs.

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