Layoffs at Chesapeake Energy rattle employees

Chesapeake Energy
Source: Chesapeake Energy

Chesapeake Energy has been laying off employees as it moves ahead with a company-wide reorganization.

"The senior leadership team and I are actively working to align our organizational structure with Chesapeake's new strategies of financial discipline and profitable and efficient growth from captured resources," chief executive Doug Lawler wrote Tuesday in an email to employees that CNBC.com obtained.

Chesapeake released this statement:

"Chesapeake is transitioning key leadership positions and making adjustments to its organization to properly align resources, reduce expenses, and improve its operating and competitive performance. The company's focus remains on financial discipline and profitable and efficient growth from captured resources. We look forward to realizing Chesapeake's full potential for our shareholders and employees."