Job Cuts / Downsize / Layoff | Corporate Strategy
Marathon Trims Workforce by 100 Employees (5%), Reduces Exec Pay
Email
Print 
Bookmark
Marathon Oil has cut approximately 5% of its workforce, according to a report by Reuters.
Out of a total of ~2,000 workers, around 100 employees were let go as a result of the cuts, which come as part of its cost reduction initiatives for 2021.
Additionally, Marathon executives and board members will be receiving more conservative salaries for the coming year as a part of the plan.
Related Categories :
Job Cuts / Downsize / Layoff
More Job Cuts / Downsize / Layoff News
-
Exxon to Cut Corporate Workforce 5-10 Percent Annually
-
Shell to Cut 700 Workers As It Shutters Louisiana Refinery
-
Parsley to Lay Off Austin Team as Part of Merger with Pioneer
-
Exxon to Cut 700 Houston-Based Employees from Workforce
-
Whiting Revamps 2H20 Plans, Corporate Strategy; Cuts Workforce, Adjusts Exec Pay -
Gulf Coast News >>>
-
Seventeen (17) E&Ps; To Use 47 Frac Crews To Complete 2,800 Wells In 2024
-
These Permian Operators Plan to Complete/Frac 2,100 Wells IN 2024
-
Large E&P Chops Permian/Anadarko Basin Frac Activity by 30% In 2024
-
Permian E&P Ups 2024 Well Completed by +27% vs. 2023
-
Contrary to The Noise, U.S. Oil Production will Likely Growth 4-5% In 2024; A look Inside -
