It's a tough time to be a worker in the oil and gas industry as companies large and small implement layoffs despite stabilizing commodity prices. The trend has been widespread and seems to transcend factors like company size, asset base and the relative rank of employees as investors put increasing pressure on companies to cut costs, especially in the "general and administrative" (G&A) accounting category that includes employee salaries. Earlier this year, EQT, the largest US gas producer, said it would lay off 100 employees in a bid to save $50 million annually and leave more cash available to return to shareholders of the Appalachia-focused independent.
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