I spoke with my first line supervisor the other day and asked him about being laid off. (1) He indicated that the layoffs were initiated by asset managers of higer tier management. (2) 1st line managers get told the day of the layoff. They are generally left out of the loop. (3) Many of the layoffs were just head counts. Tillman and the 41st floor couldn't give a sh– about the employees. All they care about is cash flow to keep the maturing asset portfolio afloat. Oh and of course, they only care about getting their bonuses. The soldiers on the battlefield are crew expendable as needed.
41st floor has taken a company with a diverse portfolio & turned it into a portfolio that is largely uneconomic. Nice going MRO, now that Noble is being bought out, you're next... My guess would be ConocoPhillips since the EF acreage is immediately adjacent to the EF acreage.
Adios MRO, you're gone by the end of 2020 if COVID continues.