Submitted by Tyler Durden on 10/30/2015 10:25 -0400
http://www.zerohedge.com/news/2015-10-30/shale-massacre-chevron-fires-another-7000-after-laying-1500-three-months-ago
The good news: shareholders have nothing to worry about: the dividend of $1.07 per share is safe and sound, even though nearly 10,000 people have lost their jobs at Chevron so far this year.
And while the US department of labor magically continues to report week after week that initial jobless claims have literally never been lower, don't tell that to US workers across the shale patch and especially in Texas where as the accurate report of what is really going on from Challenger Gray shows, it is nothing short of another great recession.
The rest of the story is available at the link above...
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