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 >>>
-
Why $90 Oil Isn’t Bringing Back the Rigs -
-
These Three Companies Will Increase Drilling & Completion Over The Next 3 Year -
-
Q1 A&D Transactions Jump to $30B , While Deal Flow Was Down 40%
-
Wright to U.S. Oil Industry: The Price Signal Is Telling You to Drill
-
Apa Corp : Doing More With Less
Gulf of Mexico News >>>
-
Permian Resources to Grow Production 6% in 2026
-
Battalion Oil Closes ~$60M West Quito Draw Asset Sale
-
Deal Rumor: ConocoPhillips Exploring $2B Permian Asset Sale
-
An Eagle Ford Team That Cashed Out Is Back for Another Cycle -
-
Silver Hill Expands South Texas Footprint with Acquisition of 1776 Energy Assets
