Considering downsizing? Proceed with caution

 

Tony Grijalva, CEO of G&A Partners, advises oil & gas companies to look at all options before trimming talent.

With crude oil prices having plummeted to the mid $40s per barrel and news of extensive layoffs, it is understandable that managers in the oil & gas sector are a bit antsy. Downsizing can have devastating effects on an organization, so it should be implemented with careful forethought and planning.

Here are a few things managers need to consider first.

Deloitte is a partner in our  People in Energy Summit 2015 event

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Deloitte is a sponsor at this year's People in Energy Summit 2015.

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