Oil and gas company ConocoPhillips has informed staff of layoffs in Canada, Reuters reports. The layoffs will affect both full-time employees and contractors, but the exact number of eliminated positions was not disclosed. The decision was made as part of a business restructuring plan following the takeover of Marathon Oil, according to which the corporation intends to reduce between 20% and 25% of its global workforce, and complete the restructuring in full in 2026.