Oil and Gas Industry Layoffs Accelerate with Lower Prices

Oil and gas producers and oilfield services providers are slashing workforce numbers as the mergers wave in the sector gives way to reorganization and restructuring. Over the past few months, the U.S. and European supermajors, as well as large independent producers, smaller players, and the world’s top services providers, have announced – either publicly or via internal memos – that they begin processes to eliminate roles, office-based jobs, and contractor numbers. Chevron, ExxonMobil, ConocoPhillips, BP,…