Oil Prices

CNBC: Oil and Gas Jobs' Pay is Still Big, But Not Booming

Original article: http://www.cnbc.com/2015/07/22/oil-and-gas-jobs-pay-is-still-big-but-not...

"And keeping pay and bonus percentages constant has been made possible only through cost-saving layoffs. U.S.-based energy firms announced 60,500 job cuts in the first six months of 2015, compared with fewer than 4,000 in the same period last year, according to job placement firm Challenger, Gray & Christmas."

2015 June Job Cut Report: 44,842 Cuts Contribute to Highest Midyear Total in 5 Years

Job cuts increased by about 10 percent in June, as employers announced plans to reduce payrolls by 44,842 workers during the month. Meanwhile, heavier-than-expected downsizing throughout the first half of 2015 pushed the midyear total to its highest level since 2010, according to a report released Wednesday by global outplacement consultancy Challenger, Gray & Christmas, Inc.