Thread regarding EQT GP Holdings LP layoffs

Optimal Workforce Size

350-450 employees really is what it should take EQT upstream to operate our assets.

Our peers making more than 3 bcf/d or greater in the basin are sub 400 employees.

We all know this reckoning is deserved.

Our bureaucracy of leadership has been drain on profits. 5 and 6 layers where 2 is needed.

Bull c-ap groups justifying nominal gains with outrageous G&A expense.

Bottom line counts folks and we need to get our head count right.

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Post ID: @OP+10YuTZX2

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It’s better to lose a hand than the whole body. If the rice family had not taken over the whole company would have been bankrupt within 3 years.

Post ID: @3ldf+10YuTZX2

That would mean more layoffs to come.

Post ID: @jcy+10YuTZX2

What is happening with the land department?

Post ID: @hxz+10YuTZX2

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