Haven’t heard of any new layoffs in the last one or two weeks. Does this means we are done with the layoffs for this year? Or, is this the calm before the great storm?
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Storm is on the way! If Chevron, BP, and Shell have cut ~20% and EM has not even come close to that yet and they said they were...you can assume something is looming on the horizon.
They are probably gonna send all the support function jobs over to the BSCs in the third world....
Board review for layoff plans happens in November.