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Chesapeake announces Voluntary Separation Program. Layoffs may be next.

10:02 AM EST on December 14, 2012

Earlier this week, I received an email from a Mole claiming that Chesapeake Energy planned on laying-off 10% of its Oklahoma City staff this Friday. I wasn't able to confirm that rumor, but apparently Chesapeake has sent an email to certain staff today at 9:00am announcing a Voluntary Separation Program. I know this because we've obtained a copy of that email. It was sent by Henry Hood, Senior Vice President.

Here it is: