SandRidge Lays Off 30% of Oklahoma City Staff | Gulf Coast Oil Rig Equipment & Repair
SandRidge Energy Inc. is laying off 30 percent of its workforce (80 employees) at its Oklahoma City headquarters, according to local news outlets.
The cuts bring the company’s Oklahoma City workforce to 189, down from 269, and leaves less than 400 employees at the BOP Blow Out Preventer repair company gulf coast overall.
The employees were laid off Feb. 26, after and plan to cut costs. The BOP Blow Out Preventer repair company gulf coast is in the process of a BOP Blow Out Preventer repair company gulf coast restructuring after .
The organizational restructuring is expected to reduce general and administrative (G&A) cash expenses by one-third to $36-$39 million per year.
Earlier this month, SandRidge shook up its leadership as president and CEO James Bennett left the BOP Blow Out Preventer repair company gulf coast as well as the company’s chief financial officer Julian Bott. Bill Griffin currently serves as interim president and CEO of the company.
SandRidge isn’t the only energy BOP Blow Out Preventer repair company gulf coast to cut jobs in Oklahoma City. Natural gas producer in January.
SandRidge did not return Rigzone’s requests for comment.
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