Thread regarding EOG Resources Inc. layoffs

Enron Oil and Gas Layoffs

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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Post ID: @z5r7w07

9 replies (most recent on top)

If EOG is experiencing the problems they are, why are they giving out bonuses?

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Post ID: @z5r7w07-6Wwcy

EOG also layed off hundreds of consultants/contractors.

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Post ID: @z5r7w07-51Fnx

EOG layed off about 100 people in May 2015 and is selling properties, so more will come.

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Post ID: @z5r7w07-51BgV

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.

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Post ID: @z5r7w07-1xM96

1999

•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.

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Post ID: @z5r7w07-1wQSk

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.

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Post ID: @z5r7w07-vufl

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.

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Post ID: @z5r7w07-1Jab

Things can be much worse my friend...

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Post ID: @z5r7w07-19Mg

Enron?

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Post ID: @z5r7w07-1NFv

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