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Oil Giant Santos to Cut One in Ten Workers as Profit Slides

February 18, 2026
2:23 pm

Oil Giant Santos to Cut One in Ten Workers as Profit Slides

A general view of Santos tower in the Brisbane CBD, Australia on December 19, 2019. AAP Image/David Clark

One in ten Santos employees will be looking for a new job as the oil and gas giant targets cutbacks to “rightsize” the business.

The layoffs would impact around 400 of Santos’ just over 4,000 employees, according to the group’s full year report.

Original Source

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