“The magnitude and timing of cost savings were both disappointing relative to our prior expectations,” he wrote in a March 10 note to investors. “Given current oil price uncertainty, we feel it prudent to temper enthusiasm.”
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The person writing about closing Midland, you are a fool who doesn’t know what those people do. Shut up
Apache needs to close the Midland office. Oh, JCs brother built that building so, I guess that is a no! No employee needs to be out there unless they actually work every day in the field. Paper pushers can do their jobs 100% from the Houston office. Houston has more than enough vacant offices to accommodate the "office" workers.
Time to call out the b-m kissing MAGA crowd. Buffoons!
Not like 2022 comp. Then they changed the 2023 proxy for exec comp reporting to disguise how much they made.
When the proxy is released it will highlight their excessive compensation. While the workforce is decimated
JC & SR give a f about employees as long as they keep milking apa
At least JC got to meet DJT this week. Remind me how many jobs could be supported for the cost of membership in that organization? Ridiculous.
If you add the contractors in addition to employees we lost 450 great hardworking people…
There will definitely be more layoffs since the execs have IC targets they want to exceed. More layoffs and reductions, then more in their pockets.
This ship is going down faster than donuts at a fat convention. It would have been more correct to say: ‘this company is completely f*#ked’
More will come.. g&a reduction is in the functions goals
Sorry, that was from John Freeman at Raymond James, who said more may be needed.