Rumors that we will be seeing layoffs in the next few months, especially after the townhall in October. Anyone else hear anything?
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This is another thing about Oxy that has been hilarious. Time after time, when oil prices dip, the idiots at Oxy make knee jerk reaction layoffs. Then, within six months when oil prices come back up, they have to hire to fill those same positions. 1998, 2001, some in 2005 and 2009. Same 'contrarian' plan. Then, this latest time, the geniuses decided not to do layoffs and the CEO touts the companies brilliance to the press. Only, this time, oil is in the 40s two and a half years later. You couldn't make up a more grossly incompetent company.
They have already started laying off, they have been laying off for past 2 weeks