SandRidge Energy has laid off 440 employees in 2016.172 employees in Oklahoma City lost their jobs on Wednesday. Officials said three executives were part of the reduction.The additional layoffs came three weeks after SandRidge announced it would close a subsidiary company.“Today was difficult. We are grateful for the contributions of our colleagues and friends, and we are dedicated to assisting each affected individual through this transition. No reduction in workforce is easy, but we will not waver from making the tough decisions necessary for the long-term stability of our business,” the SandRidge President and CEO James Bennett said in a news release.SandRidge Energy as de-listed by the NYSE earlier this year after trading levels dipped below the $1 minimum requirement.The company is based in Oklahoma City and is the largest producer in northwest Oklahoma.

SandRidge Energy has laid off 440 employees in 2016.

172 employees in Oklahoma City lost their jobs on Wednesday. Officials said three executives were part of the reduction.

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The additional layoffs came three weeks after SandRidge announced it would close a subsidiary company.

“Today was difficult. We are grateful for the contributions of our colleagues and friends, and we are dedicated to assisting each affected individual through this transition. No reduction in workforce is easy, but we will not waver from making the tough decisions necessary for the long-term stability of our business,” the SandRidge President and CEO James Bennett said in a news release.

SandRidge Energy as de-listed by the NYSE earlier this year after trading levels dipped below the $1 minimum requirement.

The company is based in Oklahoma City and is the largest producer in northwest Oklahoma.