Thread regarding Key Energy Services Inc. layoffs

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So what is up with the COO being shown the door? Is this a move for a merger coming along or is something else up? Company as a whole is doing well and the tide is rising and taking us with it.

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Post ID: @OP+VdVQtUh

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If he was shown the door then he was not doing his job or he was a flunky friend of the previous CEO.

Good move and good riddance.

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Post ID: @3Ozzy+VdVQtUh

Well looks like it is simple to a point - merger as well. Guess we will see a couple of additional folks riding the elevator with their boxes soon. How long before they try to consolidate field hands and locations as well?

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Post ID: @7lps+VdVQtUh

Simple as a our new CEO wanting to bring in his own team, regardless of the job current folks were doing. May be the highest causality of this CEO but certain it will not be the last we see as different folks wish to bring their own team in.

So I guess we have to pay off the folks being shown the door and likely absorb higher salaries for their replacements yet get worse performance. Heck of a way to run a business.

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Post ID: @1tts+VdVQtUh

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