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 >>>
-
Coterra Energy – 2025 Development Summary -
-
Oilfield Service Report : 11 New Leads/Company Formation & Contacts
-
Civitas Provides Update on Current Rigs & Frac Crews -
-
New E&P Company Just Raised $2.0 Billion, Hunting for Assets.
-
New Comapny : New Permian E&P Secures Funds From Large PE-Firm
Gulf of Mexico News >>>
-
IOG forms Partnership with PE-Firm First Reverse To Fund DrillCo's -
-
These Permian Companies Will Frac 3600 Wells In 2025, Using 160 Rigs & 55 Frac Crews
-
Permian Resources Plans 280 Wells For 2025 -
-
Diamondback Drill & Complete 456 Wells with $4 Billion Capex IN 2025 -
-
Top E&P Outline Drilling & Frac Program For 2025; 18 Rigs & 5 Frac Crews
