The oil giant Santos is set to make a significant move, cutting 10% of its workforce and initiating a strategic review. This decision, aimed at boosting performance, will result in the loss of approximately 400 jobs and a thorough examination of its Australian oil and gas assets. But here's where it gets controversial: some argue that this move might not be enough to turn the company's fortunes around. The subscription model for accessing this news story offers a range of options, from a weekly rate of $1 for the first four weeks, then $44 every four weeks, to a locked-in rate of $8 a week for the first 12 months. This move by Santos has sparked debate, and we want to hear your thoughts. Do you think this is a necessary step for the company's future, or is there a better way to approach this situation? Share your opinions and join the discussion in the comments section.
Santos' Strategic Move: 10% Staff Cuts and Asset Review (2026)
References
- https://www.abc.net.au/news/2026-02-11/telstra-axes-600-roles-in-redundancy-round-outsourcing-to-india/106331708
- https://www.echo.net.au/2026/02/campers-kicked-off-land-next-to-mullum-railway-station/
- https://www.marketindex.com.au/news/evening-wrap-asx-200-flat-tech-stocks-extend-gains-csl-dumps-5-as-ceo-jumps
- https://www.theaustralian.com.au/business/mining-energy/santos-to-axe-10pc-of-staff-amid-strategic-review-as-earnings-fall/news-story/70d8db15484d367f06bbe55b5496d3ca
- https://www.cnn.com/2026/02/12/asia/bangladesh-election-results-rahman-bnp-win-intl-hnk
- https://www.nine.com.au/sport/olympics/milano-cortina-2026-danielle-scott-silver-medal-womens-aerial-skiing-xu-mengtao-20260218-p5o3ic.html
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