10:51 AM EDT, 03/19/2025 (MT Newswires) -- APA (APA) has cut about 300 jobs globally, or 10% to 15% of its workforce, as part of cost-cutting efforts, Bloomberg reported Wednesday.

The layoffs, which took place in January and February, follow an organizational review aimed at reducing the company's cost structure and ensuring long-term competitiveness, a spokesperson told Bloomberg.

APA, formerly known as Apache, didn't immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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