Key facts
- ConocoPhillips announced workforce reductions in Canada.
- The cuts include employees and contractors.
- The reductions are scheduled for Tuesday.
ConocoPhillips has informed its staff of a reduction to its workforce in Canada, a spokesperson for the oil and gas producer said on Monday. The reduction includes employees and contractors and is set to take place on Tuesday. The Houston, Texas-based company did not disclose how many jobs were affected. ConocoPhillips has about 9,900 employees globally, according to its 2025 annual report. Last year, ConocoPhillips said it would cut 20% to 25% of its workforce as part of a broader restructuring aimed at streamlining operations and reducing costs following its acquisition of Marathon Oil.