Keeping true to layoff convos, is oil price or economic to be of concern for cvx layoffs?
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Recession and drop to $60 will mean another round.
Yes indeed. Heads will roll.
Another 10,000 people could easily be trimmed. With almost no activity in US except the Permian and little to no growth in GOM, also SJV will be gone by 2030 and very little prospects overseas, there will be yet another significant reduction in coming years, I would say 2025.
Oil would have to drop dramatically and even if it did we are so small compared to what we were. I think we’re like 36k ppl now. How much more could we shrink?