Analysis offered for cuts at Pioneer Natural Resources

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DALLAS, MIDLAND and WEST TEXAS - In the days after 9/11, when consumers cut back on travel and the public was still grieving over the terror attacks, scores of companies announced major layoffs.

The economy had suffered a shocking hit and businesses had to respond accordingly.

“I have declared a state of emergency at American Airlines,” then-CEO Don Carty said on Sept. 19, 2001.

“This declaration is an official recognition that, hard as it may be to accept, our company’s very survival depends on dramatic change to our operations, our schedule, and worst of all, our staffing levels.”

American, one of the region's largest employers, announced 20,000 layoffs.

United matched the number, Continental cut 12,000, and Boeing said it would eliminate 30,000 positions.

 

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