StocksMediumUpdated•Originally published 4 November 2026•Updated 5 November 2026•
1 min read
Woodside Energy Targets $400M Annual Savings via Over 500 Job Cuts
Key Facts
1Australia's Woodside Energy plans to cut at least 10% of its workforce as part of a strategy to raise its cost-savings targets.
Woodside Energy targets $400 million USD ($570 million AUD) in annual cost savings by 2028. Reuters reported that this strategic move will result in the elimination of more than 500 jobs as the company seeks to implement a leaner organizational model.
Woodside Energy, trading under the ticker WDS, closed at $22.36 on November 3, 2026. The stock reached a session high of $22.46 and a low of $22.23 during that trading day.