Thread regarding U.S. Silica Holdings Inc. layoffs

General update: US Silica was purchased by the Apollo Group ("wealth management firm") in August 2024.
Almost immediately layoffs in the corporate structure (not surpising, given a buyout)
Company is now ULTRA focused on cash - so very little capital spending, really digging into every bit of money spent.
Rumor is that they're trying to sell the Oil & Gas plants.
ISP - They laid off all of the mining employees at the Lovelock, NV plant. (Most of them got rehired by the contractor that they hired to run the mine now.) Several plant employees also laid off, not sure how many.
Decisions being made at the corporate level without regard/knowledge of how the DE plants run are going to make it impossible to keep the plants open. Orders in general on the DE side have been low since Nov 2024.
I'd stay away from US Silica. They also have a history of laying people off right after performance reviews (in November) . That way they don't have to pay any bonuses, since you have to be employed in March of the next year to collect the bonus from the year before.