Thread regarding Southwestern Energy Co. layoffs

Public companies are increasingly “one basin “ companies . In reality ; if swn had buckled down and just done the Fayetteville .. limtiedboverhead etc it would have been best for share holders.

Clearly not good for the empire building ELT . Also if you pick the wrong basin , good bye

Many bad decisions to go around, I think the reality now is slow downward decline.

I am interested in more details on layoffs .. with the rig count going to 2 rigs in October ... would think fewer and fewer people needed

The ELT has been tasked to stab as many people in the back as possible. Been happening since last year - all outside of the normal layoff scheme, which is to remain under WARN ACT reporting thresholds. Gives them the option to totally hose good, hardworking people on severance, which they’ve coldheartedly done on many occasions. The Way “way” you see.

Buckle up, it’s going to be rough until the end.

Houston quietly have more layoffs? Which groups? Makes sense from what I seen

when did the layoff happen? how many workers? where?

Yep, it was a big mistake. My dad should have shot it on the headboard instead.

If it wasn’t for the Fayetteville shale makings millions for the company back when prices were high, there wouldn’t be a West Virginia. Go set on your fork dumb--s!!!!!!