TULSA – A well-known company in Tulsa announced its plan to reduce its workforce across North America.
Williams Company announced Friday that it plans to layoff 10 percent of its workforce.
The company sent a statement regarding the reductions: “These difficult decisions come as part of the company’s 2016 business plan, which aligns the company’s future growth with the realities of the current energy market. The company began implementing a variety of cost reduction initiatives in the first quarter of 2016. Overall, the employment reductions are expected to affect approximately 10 percent of William’s total workforce across North America. Some areas, especially those focused on supporting growth in the supply basins where we are seeing pull back in growth opportunities, will likely be more affected than others.
In Tulsa, Williams has approximately 1,000 employees.
Williams went on to say it plans to notify the affected workforce by late March.
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