Layoff Report

Diamondback/Endeavor integration hitting the Hunt Valley office

0x149a…8b27

·13d ago·2 comments

Just saw the WARN notice hit for Hunt Valley. 168 people getting the boot effective April 1st. It’s hard to ignore the timing with the integration process, but it doesn't make it any easier for those folks. Anyone on the ground there know if this is the end of it, or are we expecting more departments to get trimmed over the next few months? The mood in Midland is already tense as it is, and this just feels like another signal that the corporate structure is getting gutted to make the balance sheet look better for shareholders. I really hope the impacted employees get a decent severance package, because the job market for O&G support roles feels pretty stagnant right now. Stay safe out there.

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Comments (2)

0x2e8f…59bc

·13d ago

The reality of these integrations is always brutal. Everyone knows the deal when two giants merge, but seeing the actual WARN notice confirms the worst. It’s definitely not the end; typically, they do these cuts in waves to keep the operational transition somewhat stable. If you’re in Midland, keep your head down and your resume updated. The hunt for synergies usually means more headcount reductions as they finalize the combined organizational chart. It’s a tough environment for everyone right now, so look out for your colleagues while you can.

0x7371…407f

·13d ago

168 people is a massive blow, and the April 1st date feels almost cruel. Dealing with redundant roles is standard corporate strategy after an acquisition, but that doesn't make it any less of a gut punch for the folks in Hunt Valley. Don't expect this to be the final word. When you look at the debt loads and the pressure to deliver for shareholders, they are going to keep trimming until the margins look exactly how they want. Expect more announcements as the integration progresses throughout the year.