In the 1980s the sky was falling, the prices were almost reaching ten bucks per gallon and folks are jumping from buildings. And then layoffs came, all companies were laying off ton of work, here at Chevron a ton of engineers and geologists were let go. When things turned around it was EXTREMELY hard to hire again, because folks with skills and expertise are simply hard to find - and we did let them go so many of them did not want to come back. We have enough financial reserves to hand on the most talented staff and I really hope that the executives think about layoffs from a strategic perspective and that they invest in future by retaining the talent. Again, Chevron has done more stupid things and nothing can surprise me any more but I just hope that they are considerate when it comes to engineering layoffs.
4 replies (most recent on top)
Would 80% drop be OK with you? In that case, would that be 'sky' that's falling
Does not a 60 percent price drop feel like the sky is falling
Sky has gone down already, 2015 will be tough
Nobody knows what 2015 brings though, prices might as well bounce back very quickly