Rumors of another round coming...
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The last major cut was a salary dump. Look for low performers to be the target this time. If personnel cuts don't happen then look for assets like GOM, International, or even Wyoming to be sold.
My guess would be October or first of the year.OPEC is crushing us so it's just a matter of time.
So do any of us know when this is actually going to happen?
Oil is under 45$... of course there will be more layoffs. Anyone who signed up for a career in this industry should have known what to expect.
Probably not until beginning of next year!
My guess would be right after the Quarterly Earnings Announcement like last time.