http://www.marketwatch.com/story/conocophillips-to-lay-off-another-1000-energy-workers-2016-07-21-181035353
Oil inventories are up during prime driving season. This is not a good sign, folks. http://www.bloomberg.com/news/articles/2016-07-25/wti-drops-below-key-technical-level-as-oil-loses-appeal-chart
Don't understand that 3rd reply
The amount of fat does not matter. Dave loves his friends, no matter how incompetent, and we have rubber-stamp board that only cares about director fees, stock, and options. Let's take a look at Executive management. Of Stover, Fisher, Cunningham, and Willingham, would any be a member of executive or senior management at any other S often, about who is posting here and on other websites. HINT: much closer than you've guessed.
Layoffs are a tool to support the stock price. Bad leaders use them to convince the weak minded they are being proactive at controlling costs. In truth these managers are only demonstrating their lack of skill and vision. They are the ones that failed to recognize market trends. They are the ones who failed to accept accountability for their own mistakes. They are the ones who blame and punish others for their own failures. Don't expect that to change. This management doesn't have the guts to accept responsibility for their mistakes. Yes, there will be more layoffs.