Thread regarding Concho Resources Inc. layoffs

Plain and simple

I can guarantee once the acquisition is completed heads are going to be on the chopping block. To put it bluntly, make sure to have a contingency plan in case your head is on it. I have friends across all industries that have been laid off and it is not looking good for the economy in terms of jobs being available. Give yourself a minimum of 6 months of savings if possible and lower your spending. I’ve been doing this since the coronavirus hit and I sure as hell don’t want to suffer unnecessarily in case of a layoff.

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Post ID: @OP+18kj2IPO

3 replies (most recent on top)

They will lie about numbers to keep you around until they are ready to fire you. Better to make a plan and leave on your own timing if necessary.

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Post ID: @lfol+18kj2IPO

No, we heard between 15 and 20 percent of CONCHO would be let go.

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Post ID: @8dzp+18kj2IPO

75-80% will be let go within two years.

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Post ID: @3bsp+18kj2IPO

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