Thread regarding Anadarko Petroleum Corp. layoffs

While APC hasn't laid off anyone so far (for which we are lucky), it doesn't necessarily mean they won't in the future. As to why we haven't so far I would probably think about the assets we've sold off this year. Undoubtedly these were assets which upper management saw as the worst of our portfolio. Offloading those has significantly improved our cash flow for this year and thus likely helped prevent the need for layoffs thus far. However, while I don't have an ear with upper management, I would imagine we will not be able to buoy our cash flow in 2016 by doing the same thing. There are only so many assets we can get rid of before we start selling off our cash flow generating assets. That's simply something management won't do. I would imagine if layoffs do occur it will be in 2016 when we start seeing an unacceptably large deficit for the year. They've probably run preliminary numbers already as to what 2016 cash flow will look like in the current pricing environment. The best course of action for us as employees is to try and improve that cash flow by reducing expenses to the best of our ability. Still, the prudent thing to do would be to plan for the worst and get your personal financial house in order. Be prepared to weather the storm should layoffs make their rounds. If you're one of the younger staff members who has been riding high on your inflated salary now is the time for a reality check. Start saving if you haven't and try to stop having those $300 nights downtown.