SandRidge Energy Lays Off Hundreds Of Employees

 As oil prices remain low, a well-known energy company announced that it has decided to lay off hundreds of employees in Oklahoma City.

On Wednesday, SandRidge Energy announced that hundreds of employees were laid off.

“Today was difficult. We are grateful for the contributions of our colleagues and friends, and we are dedicated to assisting each affected individual through this transition. No reduction in workforce is easy, but we will not waver from making the tough decisions necessary for the long-term stability of our business,” said David Kimmel, director of communications for SandRidge Energy.

Officials announced that the Oklahoma City workforce at Sandridge dropped from 548 to 376. However, they say Wednesday’s layoff, combined with previous field staff reductions, “as well as natural attrition have reduced the overall SandRidge workforce by 440- from 1,157 to 717 employees.”

This is not a new path for oil companies in the Sooner State.

Last month, a subsidiary of SandRidge Energy, Lariat Services, laid off 226 of its 260 employees in the Alva and Cherokee area.

On Jan. 20, Devon Energy announced that it will be forced to lay off employees because of the low oil prices.

However, the company has not said when the layoffs will occur or how many employees will be affected.

Source:KFOR