Whiting Petroleum Lays off a Third of Their Employees
Denver based company Whiting Petroleum announced that they have laid off a third of their employees according to the Greeley Tribune. Total positions cut appear to be around 254 including 94 executive and corporate positions.
Whiting operates 881 wells in Weld County that produced 563 barrels of oil as of April. The cuts could save a much as $50 million and came as the company announced their second-quarter earnings.
Source: Greeley Tribune