Mayor Miller told staff and read a notice to council that the city must eliminate some positions to balance the 2026 budget, saying labor costs rose about $2 million annually and one-time reserves are exhausted. Some affected positions will end Dec. 1.

Investing.com -- U.S. oil and gas producer ConocoPhillips will reduce its workforce by 20-25%, a company spokesperson confirmed Wednesday, according to Reuters. Employees received an email this morning that included a video message from CEO Ryan Lance outlining the planned cuts, according to three sources. The company has scheduled a townhall meeting for Thursday at 9 a.m. central time, where more details about the workforce reduction are expected to be shared with employees. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. 3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads. Get an up-to-the-minute summary from WarrenAI, our powerful AI financial researcher. It's just like ChatGPT for investors, but with access to 1,200+ premium metrics spanning 10 years of data to instantly screen fundamentals, summarize breaking news, and reveal what Wall Street analysts are really saying about COP. Ask questions in your own language and get insider answers in seconds. Think of it as your experienced investment partner—always ready to help you think through every angle of COP.

Major advertising group eliminates 8% of international workforce after recording substantial impairment losses following earnings announcement on August 14.

Major advertising group eliminates 8% of international workforce after recording substantial impairment losses following earnings announcement on August 14.

Company projects $40M in cost savings in 2025 as integration challenges slow growth expectations.

Company projects $40M in cost savings in 2025 as integration challenges slow growth expectations.

Global advertising giant reduces headcount by 7,000 as financial pressures mount.

Global advertising giant reduces headcount by 7,000 as financial pressures mount.

Company cuts 40% of workforce while transitioning from ad-blocking to privacy-first advertising solutions.

Company cuts 40% of workforce while transitioning from ad-blocking to privacy-first advertising solutions.

Congressman discusses health insurance challenges for laid-off expectant mothers in state department reductions.

In a landmark decision, the United States Supreme Court has granted the Trump administration permission to dramatically reduce the Department of Education's workforce, effectively cutting the agency's

Supply-side platform reduces staff less than 20% following CEO transition.

Supply-side platform reduces staff less than 20% following CEO transition.

Intel is cutting 2,392 jobs in Oregon, with about 4,000 nationwide, mostly affecting technicians and engineers, despite claims of targeting managers, as part of a broader push for automation and decentralization.