10 recent company layoffs - ConocoPhillips

ConocoPhillips Announced: Jan. 16, 2009 Number of layoffs: about 1,300 jobs Reason for the cuts: It is cutting 4% of its overall work force, slashing capital spending by 18% and writing off $34 billion in noncash assets because of plummeting energy prices.
Matthew Staver / Bloomberg News
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