Devon has a strong balance sheet and great assets
To this point they have held on to people, so I think they will give it until the end of the year before really putting any large scale layoff in place. I personally think if they had a Voluntary Separation Plan for people nearing retirement age that many would take it. The experience will be lost, but there will be people around that can keep things going. As in all layoffs I would hope the low performers and malcontent would be taken care of first in a layoff process. There seems to be a lot of people that want to go, so maybe a little push out the door would help.