More Than 440,000 Global Oil, Gas Jobs Lost During Downturn

The recent years of depressed oil prices and industry uncertainty have been the source of strict CAPEX (capital expenditures) cuts for oil and gas companies worldwide. Layoffs came in droves, much to the detriment of the industry’s workforce.

As of Feb. 10, 2017, the total number of oil and gas layoffs around the globe is 441,371, according to data compiled by Houston-based consulting firm Graves & Co.

Source: More Than 440,000 Global Oil, Gas Jobs Lost During Downturn

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