theadanews.com - Ada, Oklahoma

October 10, 2013

Chesapeake lays off 640 workers in OKC


www.theadanews.com

Oklahoma City —

Chesapeake Energy Corp. said Tuesday it is laying off 800 workers across the oil and natural gas exploration and production company, including 640 at its Oklahoma City headquarters.

The layoffs were announced in a letter that CEO Doug Lawler sent to employees. In it, he said the corporate restructuring process has made Chesapeake “poised to grow for decades to come.”

“By scaling E&P support services, reducing management layers and aligning resources with a sharpened focus on accountability and efficiency, we have created a business built to deliver a sustainable and profitable future,” Lawler said.