U.S. shale player Chesapeake Energy said it was cutting its workforce in order to cope with the long slump in commodity prices. The company, which has headquarters in Oklahoma, said in a filing with the Securities and Exchange Commission it was cutting 15 percent of its workforce, or around 750 employees . “Chesapeake Energy Corp. implemented a workforce reduction initiative as part of an overall plan to reduce costs and better align its workforce with the needs of the business and current oil and natural gas commodity prices,” the company said in its filing. Energy consultant group IHS warned in August the depressed crude oil market could limit the borrowing options for North American exploration and production companies like Chesapeake. The price for West Texas Intermediate crude oil, […]