Rumor - more layoffs and 1 round potential in Q4 2019 and ahead of 2020. This company continued to hedge demand and loose against reality and take out more debt to do so in 2018-2019... Now the market is wondering if the company can support debt... — read more
Not sure why there are no posts here - I hope we can go back in time when US Silica was a great company, good place to work for. Those days are goine now.
3 Rounds of layoffs with mostly salaried employees. Poor infrastructure with no operational systems. Unit cost and stock price only value to top leadership. The oil boom is over yet company remains top heavy while gutting senior talent in the... — read more
30 corporate people and 50 or more at plants have been let go.