Hearing rumbling of furlough workers being layoffs. Anyone affected? Prayers for all.
7 replies (most recent on top)
Yep! layoff less than a month into a 90 day furlough. You think they are about to be bought?
Poor DS. Must be tough to survive on a measly $600K base salary, especially after taking home more than $13,000,000 last year.
Just wondering how many more jobs could be saved if DS followed W Buffet's example at Berkshire Hathaway? His salary is a paltry $100K.
Oh, right, I forgot. DS in no WB.
DS reduced his base to $665,000 per year. My boss dropped to a more than $350,000 base. Bless their hearts.
@Anonymous DJBU, do your research - Every other company is not doing this. There are a lot of companies that haven't furloughed, part-timed, or laid off a single person. This is nothing but par for the course for the once competitive NBL.
Started year 2020 around 2200 employees. First 500 million cut equaled 30 percentage of employees or 660 people part-time or furloughed. So, now they are cutting another 350 million. That is about 20 percent more. That equals about 440 more employees laid off, furloughed and part-timed. Just do the math. Noble announcement on the first $500 million cut was in $30.00 bbl oil price environment. Now that environment is $18.00 a bbl. Just do the math.
Any chance some people will be brought back from furlo?
They're not rumblings...at least for some of them. Some are going from furlough to severance packaged and cut. More people are being added to the furlough and severance list as well. C-appy times. Can't solely blame NEI Management on this one. If they were the only ones doing this cut then yes, but every other company is doing the same thing. For once DS isn't necessarily to blame.