Will anybody be safe?
5 replies (most recent on top)
Well, it's either layoffs happen,or the company ceases to exist. They have not given up, sold or filed bankruptcy, but instead they are trying to battle through the hard times and survive. If that happens, congrats to all that are still there.
EXCO has always taken care of their employees during good times. Every company and every person has good and bad times economically in their careers. What do you do? I know I spend more during the good times and during the bad times I cut back spending. That's exactly what EXCO has done in the past. No employer WANTS to layoff, but unfortunately some times they must. Hang in there! The O/G industry will rebound.
No one is safe. You'll either be laid off or go down with the ship.
The initial question has not been answered.
Except that EXCO is one of the lower paying companies within the O&G industry
In regards to the layoffs, possible sale, and cutting the 401K........just about every O&G operator is in the same mode. It's a matter of survival. If YOU had a huge investment in EXCO, wouldn't you do the same? It is what it is. All I can say is that when times were good, EXCO took care of its people. Try and find a job in any discipline that you work in outside of the O&G industry, and you will be lucky to find a salary that you make at EXCO.