As we say goodbye to Q1 any thoughts on whether Q2 will be a harsher lay-off environment than Q1?
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What is the average salary? How many is $1bln divided by the average salary? That's the number that will be severed.
There is no thought to the amount of money they will not make because the staff aren't there. The mentality is that it is about savings and reducing the committed spending not about maximizing profit or about acting when the price of oil is good.