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
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports
After several rough years, equity hedge funds have roared back into life this year. The HFRI Equity Hedge Index is up 9.6% year-to-date. Macro hedge funds, on the other... Read More
The global COVID-19 outbreak has already had a "profound effect" on society, and many of the changes it has brought are "likely to reverberate through our economy for a... Read More
Second quarter earnings reports Noble Energy Inc. (NBL) Noble Energy, Inc. (NYSE:NBL) reported results for its second quarter, which missed both revenue and earnings estimates by analysts, as falling realizations were... Read More
After 23 years in business, Omega Advisors stands tall as it claims nothing to hide amid a potential criminal inquiry Read More
Wayfair Is The Most Mispriced Stock Citron Research Has Seen In Years - Fair Value Under $10 by Citron Research Citron Exposes Wayfair's Admission of the Fatal Flaw in their... Read More
Rothschild Wealth Management’s New Court Fund has increased its losses to 0.5% in the second quarter for a 0.7% YTD loss, but it continues to argue that accepting poor... Read More
Kennedy-Wilson Holdings Inc: Luck of the Irish by Christopher Pavese, The View from the Blue Ridge Promising investments can come from anywhere. There are no patents on investment ideas. The... Read More
There's More To The Gold Price Rally Than Brexit Brexit has sparked a rush into safe haven assets, and one of the assets that hs benefited most is gold. The price... Read More
The California Public Employee’s Retirement System (CalPERS) is heading towards a big miss for its fiscal year, which ends today, having only earned 3% in the first ten months... Read More
Just as I do with the economy, I review the market each month for warning signs of trouble in the near future. Although valuations are now high—a noted risk factor in... Read More
