Thread regarding ConocoPhillips layoffs

@p8 that would be interesting. if you can't acquire Endeavor directly...try a different route?

They are gearing up for the Diamondback acquisition obviously.

Easy.
You have a good job, good income.
You bought a nice house, put a nice car in the garage. Now have the boat in the driveway.
After taking the loan for the pool, you realize that your good income isn't leaving you with much to give to the wife.
Time to get rid of a bunch of nice things and free up some of that cash. It'll hurt to lose them, but you will be in a much better position to handle your income taking a hit.

We need more management

@bj oh yes. The emails and town halls filled with corporate jargon saying everything except anything specific. Those are helpful! Eye roll....

You don't need to speculate.
There is a website and many town halls to explain it.
Margins.
Costs have risen more than revenue.

It’s the new model. Just like Exxon. Trim some staff every year or two. Maybe replace, maybe not. See how far along you can get with contractors and luck before deciding if you need to bring on any new talent. If all else fails, go ahead and just buy another, more successful company. Wash and repeat.

It's a good question. It might be as simple as the name--Competitive Edge. I.e. Management says "Chevron is laying off 25% of employees and plans to make it work. I guess we can too!"

It’s greed, from the management. Let’s see how the market reacts. I bet market won’t react the best. I only have small COP stock, but I always sell them when vested, since I know company that always do layoff things won’t be able to retain their best talent, it won’t sustain.