March 20, 2015
Next wave of energy job cuts could be executives
Tens of thousands of oilfield workers and midlevel energy employees have lost their jobs in recent months during the ongoing oil crash, and more cuts are expected in the coming months.
But one area that hasn’t yet faced a lot of turnover — except in isolated cases — is with energy executives and the C-suite. And that could be about to change, said Tom Simmons, the global leader of Spencer Stuart’s energy practice.
“If prices stay down, that’ll be the next thing they’ll do,” Simmons said. “They’ll…