The Norman Transcript

State/Region

October 9, 2013

Chesapeake lays off 800 workers

OKLAHOMA CITY — Chesapeake Energy Corp. said Tuesday it is laying off 800 workers across the oil and natural gas exploration and production company, including 640 at its Oklahoma City headquarters.

The layoffs were announced in a letter that CEO Doug Lawler sent to employees. In it, he said the corporate restructuring process has made Chesapeake “poised to grow for decades to come.”

Chesapeake spokesman Brent Gooden said the company still employs 3,500 people at its corporate headquarters and 6,000 across Oklahoma. Chesapeake still employs a total of about 11,000 people despite having about 1,200 leave the company since the start of 2013.

The layoffs are the latest changes in what has been a turbulent year for the company. In January, it announced that former CEO and company founder Aubrey McClendon would resign on April 1 over what Chesapeake officials called “philosophical differences.” McClendon, who founded Chesapeake in 1989, was stripped of his position as chairman of the company’s board in May 2012.

Senior vice presidents Tom Price and Henry Hood left the company one month after McClendon’s departure.

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