this was posted in the same old thread. sounds eerily familiar to what's happening today. maybe there's a little truth here folks. Open your eyes! There will be a few less folks in the office over the next couple weeks...read below:
they have quiet layoffs every year....except they tell people all of a sudden they have poor performance and if they don't take the severance offer then at the end of their performance improvement period, the offer will be off the table. they also convince you that you won't be able to meet the requirements. it's a shady way of doing business, but it's how they avoid having to tell the texas workforce commission and the investment community what they're doing and that they are actually struggling financially. current hedges and 2018 hedges won't sustain the company. they will have to sell a sizeable portion of the eagleford or layoff a bunch of folks next year if oil stays in this 45-50 range.