ConocoPhillips To Lay Off Up To 25% Of Its Workforce: Report

According to a Reuters report, employees received an internal email this morning that included a video message from CEO Ryan Lance outlining the plans.

ConocoPhillips (COP) is reportedly preparing to lay off up to a quarter of its workforce, with an official announcement expected Thursday.

According to a Reuters report, employees received an internal email this morning that included a video message from CEO Ryan Lance outlining the plans. A company town hall is scheduled for 10 a.m. ET, where the announcement is expected to be made.

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