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Comments (2)
The mood in the Houston office is absolute silence. I heard through the grapevine that the Permian divisions are taking the biggest hit this time around. Management loves using terms like 'operational alignment' to mask the fact that they’re cutting costs to boost the dividend. If you’re in a support role, I’d suggest updating your resume immediately. The lack of transparency isn't accidental; they want to keep the production numbers up until the final exit interview. Don't wait for them to clarify anything, because they won't until the termination letters land on your desk.
Honestly, don't hold your breath for any real updates. EOG has always been opaque during these restructurings, but this feels different. The WARN notice is a legal requirement, not a courtesy, so don't expect them to volunteer details that might spook the shareholders. I’ve spoken to a few folks in mid-management who seem just as blindsided as we are, which is the most concerning part. If you’re feeling the heat, assume the worst and start networking externally. It’s a classic move to stall the turnover until the last possible second, so protect yourself before the next wave hits.