Just received word from a buddy at PV, the layoffs happened yesterday. 16% of the people are gone.

The management led Penn Virginia into bankruptcy... Now that resulted in massive layoffs... But the peons and grunts got axed, not the management, especially not senior executives and senior management. They demonstrated no loyalty to its employees... — read more 

And many of them will collapse in next 6 months. 2016 will be the year of layoffs and cuts...