Devon had a core loss of $249 million, or $0.53 per share in the first quarter of 2016. On a reported basis, Devon had a net loss of $3.1 billion for the first-quarter 2016. More layoffs coming, to break even this will be another 500.
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If we don't sell some assets soon the layoff will happen soon. Expect about another 150 by August as funding is cut and projects end. Bye Bye PMs.
Say what? I pray you are not the CFO.
THIS BILLIONS!!!!