I thought you might like this post.

You know that I work big oil, and we have gone through many rounds of lay offs over the last 15 years. Although the global hydrocarbon demand is increasing, and the production is increasing to keep pace with it, our industries footprint is steadily decreasing in the map of S&P500 in terms of market cap.

To reflect that, our workforce is also steadily declining. So that boils down to we are doing more with less people now. In fact compared to 2007 oil industry employee count, we are currently at 70% less.

Yet, I say we can get rid of more people and still won't see any bad impact. That is the amount of extra fat we have.

Now please don't get me wrong, when we let people go, we tend to let a lot of good people go and keep the bad ones! Why! Because those moron and dim witted management decides who to keep and who to let go. How can you expect them to make the right decision.

The fact that we make any money is rather surprising to me.