Please don’t give people false hope. The Company generally follows pay and staffing levels from other large oil & gas firms (e.g. Exxon, Shell, BP, etc.). Exxon recently announced a 15% reduction plan, with 1,900 coming from one location in Houston. Others in the world have very similar plans that are being implemented. The company is no different, so a 10.5 to 12K cut is not unreasonable and does in fact appear to be possible. Don’t think people with false hope. The end is really near.
The last thing we need now are rumours and speculations, but this post that I saw on another tread makes sense to me. Does anybody have any more info on this?