Woodside Energy cuts 500 jobs to save $550 million yearly
Woodside Energy is cutting at least 500 jobs, roughly 10 per cent of its workforce, to save $550 million yearly from 2028.
Gas company Woodside Energy announced plans to cut at least 500 jobs. This represents roughly 10 per cent of its global workforce.
The cuts aim to reduce costs by $550 million a year from 2028. About 80 per cent of Woodside's workforce is based in Australia, mostly in Western Australia.
This raises concerns about local job losses. The company aims to boost investor returns.
The Scarborough gas project is 80 per cent complete and weeks from shipping first cargo. The North West Shelf and Browse gas fields are key long-term ventures.
Recent layoffs swept across Western Australia's resources sector: Hancock Iron Ore reported job losses in June, with reports suggesting they were in the hundreds, and BHP announced up to 300 job cuts across Pilbara operations in October.
- at least 500
- Jobs being cut
- $550 million from 2028
- Annual cost savings target
- about 80%
- Workforce in Australia
- 80% complete
- Scarborough completion
Why it mattersMajor job losses in WA's resources sector signal ongoing consolidation and cost pressure, even as gas companies plan expansion.
AustraliaWestern Australia's coal and gas workers face further redundancies and uncertainty about long-term employment in the resources sector.
✓ Claims checked against the source and corrected before publish. checked 2 h ago
