We need to start making some big changes soon or were in trouble! E&P is dragging the rest of the company down. We need to cut capital spending, cut overhead, and sell assets. I think you're right I think we're going to have a really big layoff in... read more
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Topics regarding layoffs at Murphy Oil Corp.
Murphy is barely hanging in there and will need to trim the fat some more. Maybe contractors this time?
With all these layoffs and firings in the energy sector, how is the housing market in Houston? I remember the pain of the 1980's bust and things were pretty bad there and in Dallas.
To anyone who has worked there... Murphy is struggling really bad and is in survival mode. Not sure if they will be able to hang on. Another round of layoffs are coming after a joke of a bonus they will pay out. But i'm sure the executives and upper... read more
The board divested the stronger performing assets ( Murphy USA & Refineries) a couple of years ago and has left the typically strong E & P Division exposed to commodity volatility. Didn't we learn during the housing crisis what goes up can also come... read more
Yep, was let go yesterday with many IT staffs
Yes, Murphy Oil Corp swept into Houston and laid off employees. Funny how corporate in El Dorado is the money sappers, but they laid off employees in Houston. Asked manager point blank about layoffs on Monday was denied. Tuesday morning - I got laid... read more
Do you think that the drop in prices may be causing layoff planning at the headquarters in El Dorado, Arkansas. Also, do you think the IT group might be affected. I recently started with Murphy and I am concerned for my job.
ging up, business is well, hope it stays that way and that bonus is good. no firings, no workforce reduction.