US Oil Industry Cuts Jobs Despite Record Production
The US oil and gas industry has eliminated 40% of its workforce over the past decade, with jobs unlikely to return despite record output and a pro-drilling administration.
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Latest reporting and analysis tagged with job cuts.
The US oil and gas industry has eliminated 40% of its workforce over the past decade, with jobs unlikely to return despite record output and a pro-drilling administration.
Citigroup plans to cut 1,000 jobs this week as part of a larger reduction of 20,000 roles by 2026, despite U.S. banking giants posting near-record annual profits of $157 billion. The bank's stock has surged nearly 60% over the past year.