Absolutely Sasless. I saw it happening first hand. Then the oil price crisis decimated the entire O & G industry and the superfluous people did exactly what ericferret quoted. However the re-organisation didn't include themselves; fingers were pointed downwards, not across or upwards.
Now the recession has continued to the point where the shareholders have started to lose confidence the Ess-Aitch-One-Tee has hit the proverbial air conditioning so they carry out a second reshuffle and two senior guys get the bullet. Too little too late methinks.......
NEO