Thread regarding Saudi Aramco layoffs

Major layoffs are inevitable

When the company has to go into debt (e.g. bonds) and sell assets (e.g. pipeline) just to make its dividend payment(s); layoffs and cuts to benefits are coming in a big way. Hang into your hats, as the US expats are on a high speed exodus out the back door.

Exactly what @qfz+17XZqR3K said. It might not happen this year, but it's coming. Everybody should be prepared.

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| 9443 views | | 6 replies (last )
Post ID: @OP+17ZVoHGG

6 replies (most recent on top)

It seems no more expat layoffs in the next quarter. Keep your fingers crossed

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Post ID: @ifpj+17ZVoHGG

Wow! We haven't heard that before.

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Post ID: @5syl+17ZVoHGG

No more hope. The oil industry is going down the drain, an outdated stuff.

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Post ID: @4dgr+17ZVoHGG

Layoffs at the company happen in steady streams that are always secretive, but major decisions are usually made each quarter (or that is how information is leaked out).

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Post ID: @tjo+17ZVoHGG

Seems like we hear that rumor at least once every quarter.

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Post ID: @mmh+17ZVoHGG

Large scale layoffs are to occur in the 1st QTR 2021.

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Post ID: @ive+17ZVoHGG

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