Noble Energy Inc. has initiated changes to its workforce and employee schedules in response to the market uncertainty, according to a report by the Denver Business Journal.
The company has furloughed ~30% of its employees to "part time status." With a current workforce of approximately 2,280 people (as of year-end 2019), ~685 people will be affected by the changes.
Noble did note that the changes are only temporary and will last for three to six months.
Related Categories :
Job Cuts / Downsize / Layoff
More Job Cuts / Downsize / Layoff News
-
Exxon to Cut Corporate Workforce 5-10 Percent Annually
-
Marathon Trims Workforce by 100 Employees (5%), Reduces Exec Pay
-
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
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 -