May 20, 2024
Chesapeake Energy (CHK.O), opens new tab, a top U.S. natural gas producer, began laying off employees this week after completing the divestiture of its oil assets last year, the company said on Monday.
This week’s layoffs follow its divestment of its Eagle Ford assets, not the company’s pending merger with Southwestern Energy (SWN.N), opens new tab, Chesapeake said.
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