Devon, Coterra Merger Confirms Layoffs
https://www.upstreamonline.com/people/layoffs-on-horizon-after-58-billion-us-shale-merger/2-1-1938275
Devon Energy and Coterra Energy are merging in a $58 billion deal. Layoffs will occur at the newly combined company. The specific scope of these job reductions is not yet clear. This information was revealed in a US Securities and Exchange Commission filing. The companies have not provided further details on the specifics.
@ea To get a 5% COL you have to say "HE-L YES" and move your right hand in a fist shaking move.
@ea assuming they’ll sell that cimarex asset in the Marcellus
There will be more heads rolling in OKC than Houston, even after 6 layoffs Devon is still way over staffed by a bunch of su-k ups doing 20% of the work and drowning the small majority doing the other 80% of the work. If this offends you, you must have gotten greater than 2% cost of living increase for being a yes man boot li---r
Just telling the future.