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A fall in oil prices has put conocophillips and its rivals under pressure this year, forcing them to cut staff, curb capital spending and reduce drilling. New york — (ap) — oil giant conocophillips is planning to lay off up to a quarter of its workforce, amounting to thousands of jobs, as part of broader efforts from the company to. A spokesperson for conocophillips confirmed the layoffs on wednesday, noting that 20% to 25% of the company's employees and contractors would be impacted worldwide.

Conocophillips of houston on wednesday announced plans to reduce its global work force by up to 25 percent. The majority of the reductions will occur this year, a company spokesman said Oil and natural gas producer conocophillips plans to cut 20% to 25% of its workforce

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