If you ply your trade in this industry, layoffs will end the day Jesus returns. It’s the
life we lead...just have to deal with it.
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Heard they were cutting %40 across the board.
@OP In any industry involving resource extraction you should expect perpetual layoffs. This is especially true about oil & gas. The increasingly green economy also means that very few oil & gas firms will recover to pre-Covid levels of productivity and employment.
If you're seeking stability you should look elsewhere. Good luck to all.
drill baby drill
When there is nobody left
Im sure there are hypothetical phases. What’s happening this week is probably a specific percentage. Who the hell knows what the next step is.
The 12th of Never.
I heard this would all be over around the 45th of Febtober.
Never. You are in a volatile industry
If you read Lorenzo's message from Monday AM, the process would be carried out over the next several months. This included the personnel reduction and the rooftop consolidation. Obviously one would assume rooftop consolidation would naturally take more time to be carried out.