The oil & gas (O&G), marine & offshore industry that I worked in is experiencing one of the worst headwinds in decades. Perhaps it is not just this sector per se that is affected adversely, many private sectors are also experiencing anaemic growth or falling earnings.
Colleagues being layoff, even MD has left. Everyone can be made redundant!
For me, “layoffs” not just headlined the news. It struck people I know in the industry as well as colleagues who were sharing the same office.