Read an article dated last month saying layoffs will be concluded by next quarter. So does that mean we are done for now or will there be more before the end of the month?
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PXD actually plans all assets and move over to EV production/crypto investing.
I am guessing but S. S. has got to get the rightsizing done correctly this time, somehow tieing staffing needs to a per production BBLs. If there is another layoff it will be without packages, all you will get is unemployment. The last round of packages has taken the heart and soul away from Pioneer. Remaining is a lack of trust for a career or for that matter long term employment. I don't see Exxon acquiring Pioneer with either cash or stock, for they are low on both. The last Exxon purchase they overpaid and are still working out the bugs. Pioneer has got to heal itself going forward. Priority get this package behind them, attempt to fix morale, find a new CEO, build a fortress balance sheet, and then get back to business
Prep for PXD sale started in 2016
It’s true. Exxon will buy us but they have to wait for the merger to finish.
Being acquired by Exxon that’s hilarious. They definitely won’t be buying pioneer.
Hey OP, we are being acquired by Exxon.
Yes. The company we are merging with will finish their layoffs by then.
You read an article? FFS!
OP- You’re obviously not one of us. F— off
They haven’t even started layoffs yet