Chesapeake Energy cutting 15% of workers as it emerges from bankruptcy

  • 2/3/2021
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Feb 3 (Reuters) - U.S. oil and gas producer Chesapeake Energy is cutting 220 workers, or about 15% of employees this week, according to a company email. Most of the layoffs will happen at the company’s Oklahoma City headquarters, the email said. The company’s Chapter 11 bankruptcy plan was approved by a U.S. judge last month, giving lenders control of the firm and ending a contentious trial.

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