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Comments (2)
It is the same story every single quarter. They treat the workforce like a line item on a spreadsheet to be balanced rather than the actual engine keeping the pipelines running. When they preach about efficiency, they really mean cutting corners to pump up the dividend for the shareholders. Everyone knows the morale is at an all-time low, but as long as the cash flows, they won't change course. Start looking for an exit strategy now because this pattern only accelerates.
I understand the frustration, but honestly, this is just how the energy midstream sector operates today. It’s all about maintaining margins in a mature industry where growth is hard to come by. While the optics of leadership bonuses during layoffs are definitely terrible, the focus is purely on capital discipline. I wouldn't expect a sudden shift in strategy anytime soon, so it’s best to keep your head down, stack your cash, and ensure your own professional development isn't tethered to their promises of stability.