In all probability, the doors will probably be ordered to remain open by the bankruptcy court until most of the debits have been paid. The unfortunate part is, the executives will bail out on golden parachutes while the workers have to work off the debt at half of their pre-bankruptcy salaries. Also, the current administration is not doing the Oil Industry any favors, so job openings are going to be tight in 2022.
@6hlb+1ekBN4Ba hits the nail on the head. Bumped so more people could read it.
Perfect. Payments to the top executives to make sure their “talent” is retained to guide us through the Chapter 11 seeing as they’ve done such a sterling job so far.
ERP payment of almost $1M to keep the top executives in place.
Thanks for the info ‘Warren Buffet’ still bitter all these years after being one of the first to be kicked out? I hope you made it to assistant manager at McDonald’s?
Stock price is now 39 cents.
Wait... I thought they said GATOR was going to save everybody... Did I get the wrong propaganda?
Stock price is now 85 cents.
https://www.thelayoff.com/post/@dnkh+1erYPiyd
ALL that is remains is dead wood in management.
"half of their pre-bankruptcy salaries" - care to explain? Is that really the expectation?
That’s what everyone thought in 2015! Here were are 2022 still employed - I’m guessing this Warren Buffett guy is a bitter former employee part of the original wave of layoffs 7 years ago, must’ve been bad to part of that dead wood removal!
How have they not shut the doors already? Thank god I left this dumpster fire of a company years ago.
All of you will be unemployed next year. Stupid Ion.