Woodside Energy to axe more than 500 jobs in $570m cost-cutting overhaul

Woodside Energy, Australia’s largest oil and gas producer, plans to cut more than 500 jobs globally, representing approximately 10% of its workforce, as part of a restructuring aimed at delivering US$400 million ($570 million) in annual cost savings by 2028 through improved operational efficiency, productivity gains and a sharper focus on higher-return assets.

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