A few readers here are probably aware the company intends to offload some Permian properties pretty soon. The list is already quite long and will likely grow. Unfortunately this means quite a few individuals will be shown the door.
Again, Apache pulling the unimaginative, MBA-type move of cutting expenses (and a ton of REVENUE, btw) without considering (or maybe considering and not caring) further erosive effects this move will have on the company’s ability to service debt, maintain dividend, or stymie the rapid loss of employee morale.