Latest News and Analysis
Deals and Transactions
Track Drilling (Rigs by operator) | Completions (Frac Spreads)

Job Cuts / Downsize / Layoff | Corporate Strategy

Marathon Trims Workforce by 100 Employees (5%), Reduces Exec Pay

emailEmail    |    printPrint    |    bookmarkBookmark
   |    Thursday,February 11,2021

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

Gulf Coast News >>>

Gulf of Mexico News >>>