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Chesapeake Energy to cut 200 from its workforce Friday, CEO's email states

Chesapeake Energy Corp.'s headquarters in Oklahoma City. [THE OKLAHOMAN ARCHIVES]
Chesapeake Energy Corp.'s headquarters in Oklahoma City. [THE OKLAHOMAN ARCHIVES]

Chesapeake Energy Corp. plans to lay off 200 tomorrow.

Employees were notified of the planned job cuts in an email sent Thursday afternoon.

The cut amounts to about 15% of Chesapeake's current workforce, which numbers about 1,500.

Doug Lawler, Chesapeake’s CEO, told employees in the email Chesapeake was forced to make the difficult decision to eliminate the positions because of a continued downturn in global oil markets. He said the layoffs will primarily affect the company’s Oklahoma City workforce.

Employees in Oklahoma City affected by the reduction in force will be notified by phone, given the company’s campus remains closed, except for its child development center.

Affected field employees were notified Thursday afternoon.

All employees being let go, Lawler noted, would be eligible to receive a severance package that includes a cash payment and optional career transition assistance.

“While Chesapeake is not alone in reducing staff during this challenging time, we recognize that does not dampen the disappointment in receiving this news,” Lawler wrote.

Gordon Pennoyer, Chesapeake Energy’s spokesman, declined to get into specific details about the layoffs or Lawler’s email on Thursday afternoon.

“We continue to prudently manage our business and staffing levels to adapt to challenging market conditions,” Pennoyer said.

Jack Money

Jack Money has worked for The Oklahoman for more than 20 years. During that time, he has worked for the paper’s city, state, metro and business news desks, including serving for a while as an assistant city editor. Money has won state and regional... Read more ›

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