Chesapeake Energy cuts workforce by 15%

• Chesapeake Energy (NYSE:CHK) discloses that it is laying off 15% of its total workforce, which would equal ~750 employees, as it attempts to cope with the lower oil price environment.
• In connection with the reduction, CHK estimates it will incur an aggregate of $55.5M in one-time charges during Q3.
• CHK -0.3% AH.