Chesapeake cuts 800 employees, wrapping up 10% workforce reduction

|About: Chesapeake Energy Corporation (CHK)|By:, SA News Editor

Chesapeake Energy (CHK) lays off 800 employees nationwide, including 640 at its Oklahoma City headquarters, apparently concluding the changes that have led ~1,200 people to leave the company since the first of the year.

After today's cuts, CHK has about ~11K employees nationwide, including 3,500 in OK City.

CHK has sold ~$4B in assets this year in addition to trimming jobs.