ANCHORAGE - ConocoPhillips is eliminating 80 jobs in Alaska.
A spokesman tells the Anchorage Daily News that 40 Alaska employees will receive severance packages, and another 40 will be transferred.
The company, which has 1,200 employees in Alaska, says those affected were notified Wednesday.
The layoffs and transfers are part of the company's plan to cut its global work force of 33,800 by 4 percent.
The oil giant holds a large stake in Alaska's Prudhoe Bay, the nation's largest oil field, and has two other fields on the North Slope, Kupaurk and Alpine.