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Chesapeake lays off 86 employees

Chesapeake Energy Corp. laid off 86 employees amid its ongoing corporate realignment.
BY JAY F. MARKS Modified: September 24, 2013 at 10:00 pm •  Published: September 24, 2013

Lawler said Chesapeake remains on track to complete its reorganization by Nov. 1.

“The new organizational structure is vital to the long-term health of our company, and it will continue to leverage the many positive aspects of Chesapeake's culture, including our agility, speed, and collaborative work environment,” he said. “The new structure is also designed to break down silos and increase accountability throughout the organization, while driving standardization, efficiency, and continuous improvement.”

Chesapeake's stock was unchanged Tuesday, closing at $26.38 a share. The stock is up 25 percent since Lawler took over on June 17.