Announced yesterday that 300+ layoffs in GE subsea affecting engineering worldwide including Houston, Aberdeen, Nailsea, and others.
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I have read and similar debates confirmed in the HE oil and gas industry. It is is just a matter of time. To read more refer to this URL for today's latest:
https://www.oilandgaspeople.com/news/5205/oil-stock-suffering-continues/
It does not matter what managers say; they get paid to manage and tell you what they want you to hear. At the end, it is their job. The truth is with the barrel of oil under 50 dollars the stockholders are not very happy and managers are dragging it to keep their job. It is just a matter of time. It was planned after labor day they dragged it on their MD&A. Now all it is going to take is an audit and many will be exposed for bye bye your job. This article reveals everything that remains true on whatever others say.
http://www.wsj.com/articles/three-more-energy-companies-in-texas-warn-of-layoffs-1422913133