Australia's Santos targeting 10% job cuts to reduce costs
FILE PHOTO: A Santos logo is visible outside their headquarters in Adelaide, Australia, September 18, 2025. REUTERS/Hollie Adams/File Photo
Feb 18 (Reuters) - Australian oil and gas producer Santos Ltd said on Wednesday it was targeting a headcount reduction of around 10% to cut costs, as it reported a full-year underlying profit that missed market expectations.
(Reporting by Sameer Manekar in Bengaluru; Editing by Sriraj Kalluvila)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- PayPal on watch amid layoffs rumors
- Trading Day: Over and rout
- Yum says Pizza Hut CEO Aaron Powell resigns
Create E-mail Alert Related Categories
ReutersRelated Entities
LayoffsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share