It's my understanding EOG resources never had layoffs, but I can tell you that many people just are very concerned with the oil prices going down. Houston area will be probably the most affected, there is not much we can do here, we can just wait and see if 2015 brings any layoffs to us here at EOG.
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If EOG is experiencing the problems they are, why are they giving out bonuses?
EOG also layed off hundreds of consultants/contractors.
EOG layed off about 100 people in May 2015 and is selling properties, so more will come.
Never had layoffs because it only existed for 15 years. If you include the company it spun out of (Enron), there had been major layoffs.
•EOG Resources, Inc. (EOG), formerly Enron Oil & Gas Company, adopted a new name and declared its independence from Enron Corp. Simultaneously, Chairman and Chief Executive Officer Forrest E. Hoglund retired, Mark G. Papa was elected Chairman and Chief Executive Officer and Edmund P. Segner was named President and Chief of Staff of EOG.
Hahahha, never. Right. The whole industry is all about boom and bust. Or, should I say bust, bust and a bit of boom. If you work in Oil and Gas and you have not been laid off at least twice you have no experience.
Leading US independent EOG Resources is exiting most of its Canada operations and laying off more than 150 employees and contractors.
The news of EOG's exit from Canada does not come as a big surprise as EOG's leading US shale position is its core value proposition and the reason its business is highly respected both within the industry and among outsiders alike.
Things can be much worse my friend...