ConocoPhillips Slashing 20-25% of Staff, Part of 2025 Restructuring

What’s Happening?

ConocoPhillips is planning to slash around one-quarter of its global workforce as part of a broader restructuring program.

“We are always looking at how we can be more efficient with the resources we have,” Dennis Nuss, a spokesperson for the oil and gas producer, said in an email to Global News.

“As part of this process, we have informed employees that a 20 to 25% reduction in our global workforce, which includes employees and contractors, is anticipated.”

Nuss added that most of the job cuts are expected to be made before the end of 2025.

Impact on Canadian Staff

ConocoPhillips refused to disclose the exact number of positions being eliminated in a country or region.

According to LinkedIn, the company currently employs more than 1,400 people in Canada.

• SEE ALSO: Layoffs in Canada: Which Employers are Slashing Staff?

Next Steps for ConocoPhillips Staff

If you’re fired or let go from ConocoPhillips, understanding your legal rights is crucial.

Non-unionized employees in Canada are entitled to severance pay. This includes individuals working full-time, part-time, or hourly in Ontario, Alberta, and British Columbia (BC).

The amount you’re owed is based on a variety of factors, including your role, tenure, age, and ability to find similar work.

📺 WATCH: Everything Non-Unionized Employees Need to Know About Severance Pay

Key Severance Facts:

• Compensation: Severance packages, which can be as much as 24 months’ pay, may include salary, bonuses, commissions, and other forms of compensation. Use our firm’s free Severance Pay Calculator to better understand your entitlements.
• Deadlines: You generally have up to 2 years from the date of your termination to review and negotiate severance offers.
• Action steps: Consult an employment lawyer at Samfiru Tumarkin LLP to ensure your severance package is fair and aligns with Canadian employment laws.

Lost Your Job? Contact Us

If you’ve lost your job at ConocoPhillips for any reason, the experienced employment law team at Samfiru Tumarkin LLP is here for you.

Our lawyers in Ontario, Alberta, and BC have helped tens of thousands of non-unionized individuals resolve their workplace issues.

📞 Call us today at 1-855-821-5900 or request a consultation online.

Disclaimer: The materials above are provided as general information about the rights of non-unionized employees in Canada. It is not specific to any one company and SHOULD NOT be read as suggesting any improper conduct on the part of any specific employer, or a relationship between Samfiru Tumarkin LLP and a specific employer.