APC can not continue to let loss per share increase. Even with the small increase in oil price the losses will continue unless adjustments are made. APC needs to divest high cost development areas, consolidate all support services including engineering in Houston, close Denver office, and sell non-core assets. With this done there will obviously be people displaced but that is what it takes to survive this environment. We will see one or more of the OPEC countries fall apart or unable to maintain production levels in year or so. Companies will begin the race to drill and over produce once again!
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I hope your right about things getting better in a year. It would be nice to get one more shot at the oil business again. I was one that was laid off in March, and I can tell you Anadarko took care of those that left. The talk I had heard before I left was that the current staff could manage a 5 billion a year budget. Anadarko would never cut to the bare bones the first cut. If things do not pick up then they may cut to manage their current budget level. There is no way they cut the excess now. If things pick up they would be hard pressed to act fast without the staff. In my opinion management is playing it right.
Also, the next round get the volunteers. If employees want to leave then let them, and pay the same severance as before. I know some who volunteered and were turned down. In the end Anadarko is still a great company, and I wish everyone the best.