It’s interesting that we are laying off employees at the same time as BP. The industry is doing fine right now. Crude is over $80. Is there any chance we’re slimming down to prepare for a takeover?
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In the oil biz margin issues are fixed through headcount reduction
So when are the layoffs coming to C+P? We keep being told that “we don’t have a headcount issue, we have a margin issue…”
@pun+1u24TRBa - Are you suggesting the euro majors will layoff 50%? I honestly don’t think that’s possible.
Compared to the US majors BP and Shell have almost double the headcount when correcting for revenue... so thats where things are heading.
BP did mass layoffs just 3 years ago - 20% of staff IIRC
Both BP and Shell are laying off because both companies are extremely bloated. BP just did a massive hiring spree last year.