ConocoPhillips Says it Will Cut Workforce by 20-25%, Shares Fall

(Reuters) – U.S. oil and gas producer ConocoPhillips will cut 20-25% of its workforce amid a broader restructuring program, a company spokesperson said on Wednesday. Shares of the company were down 4.7% to around $94. Employees received an email this morning containing a video message from CEO Ryan Lance detailing the plans, four ConocoPhillips sources … Read more