<p>ConocoPhillips, an oil and gas producer, plans to cut 20% to 25% of its workforce. A company spokesperson stated that most layoffs will occur this year. He mentioned that ConocoPhillips has informed employees about the layoff plan. ConocoPhillips spokesperson Dennis Nuss said in an email, &#34;We have been exploring how to utilize our existing resources more effectively.&#34; The layoffs will include both full-time employees and contractors. The company plans to hold a town hall meeting for all employees on Thursday</p>

<p>Oil and gas producer ConocoPhillips plans to cut 20% to 25% of its workforce. A company spokesperson stated that most layoffs will occur this year. He mentioned that ConocoPhillips has informed employees about the layoff plan. ConocoPhillips spokesperson Dennis Nuss said in an email, "We have been exploring how to utilize our existing resources more effectively." The layoffs will include both full-time employees and contractors. The company plans to hold a town hall meeting for all employees on Thursday</p>

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