Just heard from an official source. Mgmt is working on a big layoff round for the fall (before bonus time of course to save money)
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The past few layoffs have been announced late November or early December, just in time for Christmas.
So what’s the update? Q3 is over where is the big layoff?
You will see soon enough.. DB is going to take the biggest hit. We will know more by Q3.
Another troll trying to shake up waters
All you have to do is parse DZ’s Deep Basin fireside chat email to know this isn’t going to go well if you’re ex-Conoco. The future is at least half of you will be gone with asset sales and they’ll keep selling assets until they hit their 2x debt to cash flow target. What a mess for investors and employees.
Interesting you “just heard” this tip on a Sunday on a 4 day weekend. Seems legit.