Thread regarding Nexen Inc. layoffs

There are more layoffs coming

There are more layoffs coming. Not sure why people say the layoffs have stopped because they started shortly after the CNOOC purchase of Nexen and have continued for the last 4+ years. There were about 50 people in Q3/Q4 of this year. They are always careful to keep it under 50 so that it's not reportable to the government. The 36 floor building that used to house over 2000 people is more than half empty because of layoffs. And, if you subtract the amount of Chinese that have been brought in to take over jobs, you'll find that there isn't much left of the "Canadian" company that they purchased. Obviously, the government isn't watching over the commitments that were made by CNOOC when they were given approval to purchase Nexen. CNOOC will also be dropping the Nexen name early in 2018. Horrible place to be right now.

Bumped up from @PyudEnr-1hunw for info.

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Post ID: @OP+QRlcHb9

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CNOOC has tons of money and they want to invest in North America especially US. It is their long term vision. They will employ key people they need. Quinn Wilson will retire with lots of money but he wants more and more.

Post ID: @isik+QRlcHb9

Left last year. Never looked back

Post ID: @1xxd+QRlcHb9

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