ConocoPhillips to lay off 10 percent of workforce, including some in Houston

HOUSTON (KTRK) -- ConocoPhillips is laying off roughly 10 percent of its workforce, the company confirmed to Eyewitness News. Hundreds of those layoffs are expected to be in Houston.

ConocoPhillips has 3,753 workers here in Houston. The company expects that more than 500 of the layoffs will be here.

The majority of ConocoPhillips layoffs will be in North America.

Below is the full statement released on Tuesday