We cut capital spending at the end of last year, I think we had 18% cut. This tells a story. There will be less capital, less projects, so less work for all of us. The management will have to cut deep and wide and we should expect layoffs to reach 10% of OXY's workforce. I have no insider information and I am just basing this on my observations, many companies are laying people off, most of the folks affected are in services areas like SLB or Halliburton or Baker Hughes. They will the first one to go with cuts but very soon all big Oil and Gas companies will follow. Gas will be less affected as the major players were cutting last year with Cheasepeake and Encana cutting thousands of jobs last year.
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I am sure we'll have deep cuts in 2015, cannot avoid it at this point, we are all used to it