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ConocoPhillips Looks To Cut Workforce

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The oil giant blames the layoffs on tumbling crude oil prices and a dismal global economy. The oil giant blames the layoffs on tumbling crude oil prices and a dismal global economy.

News On 6

HOUSTON, TX -- The bad economy means a reduction for an oil giant.  ConocoPhillips is cutting 1,300 jobs.

The News On 6 called company headquarters in Houston.  They said the company doesn't know how many of those layoffs will be at the company's Bartlesville or Ponca City locations.      

A company spokesperson told the News on 6, ConocoPhillips will take the next few months to study its world-wide productivity, and then decide where to cut employees.

The oil giant blames the layoffs on tumbling crude oil prices and a dismal global economy.

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