Chesapeake Energy Corp. reportedly laid off dozens of employees Tuesday as part of an ongoing restructuring under its new chief executive.
In an email to employees of the Oklahoma City-based energy giant, CEO Doug Lawler said 86 employees from several departments lost their jobs.
Lawler said in the email obtained by KWTV-News9 the company "worked hard to ensure that each was treated with integrity and respect throughout this process."
The new organizational structure is vital to the long-term health of our company, and it will continue to leverage the many positive aspects of Chesapeake's culture, including our agility, speed, and collaborative work environment. The new structure is also designed to break down silos and increase accountability throughout the organization, while driving standardization, efficiency, and continuous improvement.
I fully recognize the difficulty and stress associated with the transformation process. I assure you that we are working as quickly as possible to improve and position Chesapeake for future success.
Lawler says the company remains on track to complete its reorganization by November 1.
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