It's definitely coming...Look at the large swarms of layoffs hitting the energy companies, and we aren't even seeing energy company defaults and bankruptcy yet. 40-50% and a big recession looming in southern states... All these layoffs is simply first stage "window dressing". It's not going to solve the real problem: severe decline in the oil industry.....Hold on boys and girls, we're going to get firesale asset prices in the south, and it's going to be beautiful for all the vultures that end up picking up the scraps clean. Bring on the pain train!
https://www.thelayoff.com/weatherford-international
https://www.thelayoff.com/baker-hughes
https://www.thelayoff.com/halliburton
https://www.thelayoff.com/chevron
https://www.thelayoff.com/cameron-international
https://www.thelayoff.com/conocophillips