Thread regarding Apache Corp. layoffs

Apache Corp. – Shares of the exploration and production company slid more than 18% on the back of declining oil prices. Apache was the worst performer in the S&P 500 as of midday. The energy sector was among the worst performers during Wednesday’s session as all components traded lower. Other notable decliners include Noble Energy, which slid more than 14%, as well as Occidental Petroleum, which was down more than 11%.