Plains will layoff 20-30% of its workforce heading into June 2020.
4 replies (most recent on top)
Certainly not 20-30% of overall workforce. Certain functions, maybe. Like any other oil co the farther you are from making the $$ the higher the chances of getting cut. Cost centers first to go, always. Not unique to PAA.
I heard engineering was making cuts, but have not heard about any other US departments.
Unfortunately, I am one of those individuals. To many redundant positions within accounting, payroll, commercial, engineering.
With oil/gas downturn and Covid-19 striking at the same time, Plains had to make a move. It’s about the shareholders/corporation, not the employees.