noticed a ton of closed door meetings, anyone know anything? restructuring, layoffs or selling the company?
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Topics regarding layoffs at W&T Offshore Inc.
Heard some head cutting is happening. Wonder where it is coming from as we are short handed enough. When are the talking heads going to understand that we can't lay our way off to profitability? Executive decision making has been poor so the company... read more
Layoffs happening again. Everyone is being offered a different "deal". Employees told not to talk to each other. Severance packages depend on who you are. There is no trust here. Each employee should not have a separate deal. The only way the company... read more
I was layed off with 20 other personnel. There has been a second round of layoffs, as well.
The financials don't support any recovery without layoffs.