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