ConocoPhillips Layoffs: Thousands of Jobs Lost

ConocoPhillips plans massive layoffs, slashing up to 3,250 jobs globally by 2025 to cut costs. The news sent the stock plummeting and raises concerns about the oil industry's future as companies struggle with rising costs and shifting demands. Despite exceeding profit expectations, ConocoPhillips' CEO cites the need for fewer roles amidst ongoing cost reduction efforts. Hosted on Acast. See acast.com/privacy for more information.