US Oil Company APA Lays Off Nearly 15% of Staff, Bloomberg News Reports

(Reuters) – U.S. oil producer APA has cut nearly 300 employees globally in January and late February, Bloomberg News reported on Wednesday.

The figure amounts to around 10% to 15% of APA’s workforce, the report added, citing the company’s reply to an email.

Reporting by Seher Dareen in Bengaluru; Editing by Shailesh Kuber

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