https://finance.yahoo.com/energy/articles/apa-targets-700m-cost-cuts-170203957.html
It certainly isn't from the executive payroll.
6 replies (most recent on top)
It’s kind of funny Devon and Oxy haven’t had to sell their whole portfolio to stay afloat. Meanwhile oil is 80$++++. JC is greedy
Interesting yahoo article. It is quite unbelievable of thr employees APA have let go in Egypt and Permian in thr past few months. Apache is almost like letting go of the best from the top. Lol
You can be sure that JC, SR and the rest of the gang are sure that their compensation plans are secure.
Our short-term and long-term incentive are already on the table.
Demotions ? The company is small now so it seems fitting to eliminate supervisory roles esp in accounting. Most of which weren’t merit based. They wouldn’t cut it anywhere else. Just sayin DEI
@OP Layoffs and smoke and mirrors