ConocoPhillips announced via a company memo that it will begin layoffs at its Canadian operations in the first week of November. The memo was seen by Reuters on Thursday, Oct. 24, 2025, and confirms the start date for the workforce reductions.
The layoffs are part of the company’s ongoing restructuring following its acquisition of Marathon Oil. While the memo does not disclose the number of employees affected, the announcement signals a significant workforce reduction in Canada.
The move reflects ConocoPhillips’ strategy to streamline operations and reduce costs across its global footprint. The company has previously announced workforce reductions in the United States, and this Canadian layoff extends the restructuring to its international operations.
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