Houston-based oil giant ConocoPhillips is slashing 1,800 jobs, most of which are in North America. The company says the layoffs amount to 10 percent of its global workforce.
The cuts come at a time when the entire industry is struggling to weather a downturn in global oil prices, which have seen one their most volatile weeks in years.
Ali Velshi, host of Ali Velshi on Target on Al Jazeera America, discusses the layoffs with Here & Now's Robin Young.
This segment aired on September 2, 2015.