Thread regarding Marathon Oil Corp. layoffs

Next round?

Soon or sooner?

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| 2401 views | | 6 replies (last December 18, 2020) | Reply
Post ID: @OP+18q5U2vL

6 replies (most recent on top)

This post is complete nonsense. We have enough cash flow to hold us over until at least the summer of 2021.

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Post ID: @3eyg+18q5U2vL

The assets will be hit hard. Functions like regulatory, land and HES will be first to go.

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Post ID: @2mkt+18q5U2vL

The reply starting with “another 10-20 percent” is the correct answer

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Post ID: @1zdz+18q5U2vL

Are you the one who knows?

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Post ID: @smw+18q5U2vL

Another 10-20% of cuts coming early January mostly from the asset teams and support functions. HR has been tracking RTO closely and it's being used as a criteria this time.

I've also heard talk that the board is going to approve a small bonus payout for those that remain in March. No individual ratings though. Yes, the cuts are in part to justify a bonus payment to the top employees.

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Post ID: @bfx+18q5U2vL

And no, I'm not joking. I'd just like to know if it'll be before January or during. I know we have little to no chance of it not happening.

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Post ID: @ymn+18q5U2vL

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