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Originally Posted by Goooh
If you maintain your employees and payroll as a mom and pop driller with an emergency fund then the economic reach isn't as great as what you are picturing.
My competitor laid off dozens during our last economic downturn and we hired people... We didn't cut anything and were able to attack the market and scoop up where our competitors failed due to poor money management.
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Baker Huges / Haib just laid off thousand and will lay off more
I'm sure they have a huge emergency fund !!