I retired, but was in upstream oil and gas for 40 years. It’s not your fault; but you didn’t get the training on corporate — code speak ...
Reducing overhead - means layoffs
Strategic review - means layoffs
Consultants - lay offs
Reviewing strategic options for an asset- sell asset and layoffs
Maybe others can add; and not all COrporate code is about layoffs . All this chatter is telling you there will be change and layoffs ( and early retirements maybe) . It’s intentional and I believe not a bad thing ; it allows a veneer of business as usual but suggesting you prepare and don’t be surprised
I’m not sure they can legally come out and say we are going to have layoffs etc. even if they can, they shouldn’t .
I should also say in addition to a question about howbCEO Is perceived by industry. Swn is viewed as being over staffed for activity and size .. for what’s that worth