Thread regarding ConocoPhillips layoffs

18 confirmed EOIs for Permian.

Will this be enough ?????

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| 2701 views | | 10 replies (last September 7, 2016) | Reply
Post ID: @OP+JcAxtCH

10 replies (most recent on top)

The latest word is 46% of engineers under Viets (Permian Engineering Manager) will be laid off in Midland AFTER you take out the ones that took the package. 92 total - ~8 EOI's = 84. 46% of 84 = ~39 to be cut.

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Post ID: @4uam+JcAxtCH

They need to merge all of Permian under the unconventional leadership

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Post ID: @2yxf+JcAxtCH

More than 10% checked the box. Doesn't say a lot about a company. You would think this would be a wake-up call.

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Post ID: @2udd+JcAxtCH

Not enough just as raw number and they may not be the right positions so they may not even accept all of them.

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Post ID: @1hcp+JcAxtCH

The number that Bartlesville gives up will directly correspond to Houston.

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Post ID: @1obs+JcAxtCH

Permian, Rockies, San Juan account for at least 100. San Juan has to give up 40 so you can figure the number between Permian and Rockies.

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Post ID: @1qor+JcAxtCH

It won't ever be enough with the piss poor upper management at COP.

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Post ID: @1fcw+JcAxtCH

That probably won't be enough. We will need to cut deeper across all assets in order to survive this downturn.

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Post ID: @1jnh+JcAxtCH

For sure that many checked the box. NOT sure how many will be accepted..

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Post ID: @ors+JcAxtCH

Are you saying there are that many people who checked the box, or are you saying you know for a fact they are already gone, or will be gone?

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Post ID: @uba+JcAxtCH

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