Layoff now and save for later or spend now and layoff later? - the mgr
6 replies (most recent on top)
Why keep management fat and stacked when there are no employees? Segment VPs should do ops management too.
read - ALL TIME LOW - Hammer will fall soon - before earnings announcement - April 21st
Weekly Summary: Rigs engaged in exploration and production in the U.S. totaled 443 in the week ended Apr 8, 2016. This was down by seven units from the previous week and an ALL TIME LOW.
The current nationwide rig count is still less than half the prior-year level of 988. Notably, the count had peaked in 1981 to 4,530. Inversely the all-time low was recorded at 488 during 1999. However, this was broken last month and subsequently the rig count has been touching new lows steadily
Rigs engaged in land operations were 414 against 420 in the previous week. Inland water activity involved four rigs, flat with the prior week. Offshore drilling was down by one to 25 unit
The slow bleed out will continue up until H2. That is as far into the future as our plans reach. Numbers are coming soon and they are not good. Wait till you see what Santa is bringing. The reality has set in and the board is in survival mode. Your survival is of no concern to those individuals.
Only survivors will be those who make more than what they get. That includes everything you get.
25 % of all non field by end of April.
Happy now😱