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  • Reuters

    Chesapeake Energy cuts 15% of workers as it emerges from bankruptcy

    Once the second-largest U.S. natural gas producer, Chesapeake was felled by a long slide in gas prices. The company is "resetting our business to emerge a stronger and more competitive enterprise," according to the email to employees by Chief Executive Doug Lawler dated Tuesday, and reviewed by Reuters. Most of the 220 layoffs will happen at the Oklahoma City headquarters, the email said.