http://www.zerohedge.com/news/2015-10-13/theres-no-more-fat-be-cut-desperate-oil-producers-cut-salaries-save-mission-critical
Now, it would appear that all of the proverbial fat that can be trimmed, has been trimmed which means that, as WSJ reports, further cost cuts will now have to come from salary cuts because going forward, cutting jobs altogether would imperil companies’ ability to operate.