Chesapeake Energy Brings Out the Ax, Begins Cutting Jobs

The ghost of Doug "the ax" Lawler is once again roaming the halls of Chesapeake Energy (see Chesapeake’s Doug Lawler Gave Himself a Raise After Firing 1,500+). Reuters is reporting (exclusively) that Chesapeake has begun to lay off some of its employees (no numbers given) following the divestiture of its Eagle Ford oil assets. The implication is that those who worked in the Eagle Ford program are being let go, although we don't know that for sure. Chesapeake reps deny the layoffs have anything to do with its impending merger with Southwestern Energy. [Pssst....hey....we have a bridge we'd like to sell ya'. It's located in Brooklyn. Real cheap.]

To view this content, log into your member account. (Not a member? Join Today!)