Equinor's CEO revealed plans to reduce staffing by up to 5,000 positions before 2030. The Norwegian energy giant will achieve this primarily through natural attrition rather than layoffs.
Chief Executive Anders Opedal confirmed the company will not replace retiring employees. This approach allows gradual workforce reduction without forced terminations.
Why is Norway's largest energy company shrinking its workforce? The strategic shift comes as Equinor adapts to changing global energy markets and focuses on efficiency.
The company implemented a near-total hiring freeze since May. Communications Director Sissel Rinde confirmed the recruitment restrictions in a recent statement.
Equinor employs approximately 21,000 people worldwide. The planned reduction represents nearly one-quarter of its current workforce.
This workforce strategy reflects broader industry trends as energy companies transition toward renewable sources. The gradual approach aims to minimize disruption while reshaping the company's future composition.