Thread regarding Marathon Oil Corp. layoffs

Employees directly involved operationally would be going with the asset and their fate would be in the hands of the buyer

My assumption/opinion is that the employees directly involved operationally would be going with the asset and their fate would be in the hands of the buyer. This headcount would be in addition to the 200 as this divestiture likely was still in process at the time of the headcount reduction disclosure. If the 200 headcount statement included the reduction as a result of divestitures, I think the statement earlier in the year concerning "$500M in divestitures" would have included language that associated headcount of "xxx" are included in these divestitures. Maybe another way to determine this is to look at what happened to employees in the East Texas/North Louisiana sale. Were they retained by Marathon or did they go with the asset to the buyer? Again, just my opinion.

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