Tens of Thousands Are Getting Laid Off in U.S. Shale Patch

Nobody thinks letting people go is a good idea. When this is over, if you hold onto your people, in theory you can turn key everything back on.

If you're short sighted enough to let people go during this they might go work for someone else who starts back up before you. You'll have to retrain anyone you do get, and you might loose your institutional memory.

Very few owners know their entire company from boardroom to broom closet. (Okay, that's wrong, because a majority of businesses are small and the numbers work that way, but I thought it was a pretty cool line, "boardroom to broom closet.") if you've ever sat through a presentation or meeting where an executive fumbles with a projector, can't seem to set up a conference call or knows how to use a certain software, then imagine that on a corporate level. Yikes!

 

The first 6 words of the post title got my attention

 

Goodness I clicked the wrong thread, gloom and doom in here. Carry on...

 

Get your mind out of the gutter!!lol