Ok you heard it here first. Almost 23% of workforce.
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No tears For COP trying to get staff when things turn around, and they will....You make your bed then you have to sleep in it....Haha.
Have they said what departments will be hit yet on the Houston campus?
Occurs in 4Q to be completed by end of year.
Sounds like 25% is very likely. Sad, given that the competitors will lay off many fewer and then when oil prices rebound, COP will be left short shifted.
Won't happen until later in the year.