Chesapeake Cuts Jobs By 10 Percent – ValueWalk Premium
Chesapeake Energy earnings

Chesapeake Cuts Jobs By 10 Percent

Chesapeake Energy Corporation (NYSE:CHK) has laid off over 1,200 jobs this year, amid accelerated cost cutting exercise initiated by its new CEO.

Following dozens of previous layoffs during the past weeks, the country’s second-largest natural gas producer laid off 800 workers.

Chesapeake's cost cutting drive


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