Ouch. Just heard they've upped the layoff count to 540 from 300-400 hundred. Layoffs will take place from Oct 1-8 and cover office and field positions, including oil sands. Total employee count drops from 5400 at the start of the year to about 4000 after this for a total of 24%.
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My understanding is conventional is going to get hit hardest since the royalty sell off in the summer. Bad times all around.