Aug 2022. Not sure how many will be cut, but reorganization for sure.
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Dream on. It would just take 55 dollars for an extended time to hammer this company.
When WTI declines to $30.
Reorganizing and getting rid of duplicate or unnecessary functions would help. Remember, today’s high oil prices will not last forever because of the current artificial undersupply and conservative capital drilling programs by US oil companies.
With prices like they are why cut. We can’t even hire replacements when people leave and many departments are down to the bare bones. Even if you can squeeze a little out of the marginal employees that helps. Now if we could get rid of none-performers and upgrade the positions that would be great, but that makes too much sense.
I've heard something might be coming, but no details yet.