Chesapeake has cut about 10 pct of its workforce

October 8, 2013

HOUSTON, Oct 8 (Reuters) - Chesapeake Energy Corp has eliminated about 1,200 jobs, or 10 percent of its workforce since the start of the year, a company spokesman said on Tuesday.

Chesapeake's new CEO Doug Lawler has pledged to relentlessly focus on costs to improve profits and had initiated a broad review that aims to shrink the oil and gas company by year's end.

Lawler replaced former chief executive Aubrey McClendon in June.