Atlas Energy – Rumored Layoff of 30+ People in PA

cutting jobsUPDATE Feb. 24: MDN posted a follow-up, with more insight/rumor, from a fourth source. See the end of the article.

For a week now MDN has been hearing rumors that Atlas Energy was about to, or already has, laid off a number of workers. Atlas, you may recall, once seemed to be the golden child–everything they touched turned to gold. They sold much of their Marcellus operation in 2011 to Chevron for $4.3 billion, and later sold another batch of Marcellus assets to Targa Resources for a staggering $7.7 billion. They still have some operations in the Marcellus, but recently the New York Stock Exchange threatened the company with de-listing their stock (see Atlas Energy Luck Run Out? NYSE Threatens Company with De-Listing). In January the company announced an IPO in which they hope to raise $1 billion (see Atlas Energy Subsidiary Threatened with NYSE De-Listing, IPO?!). One week ago we got a tip from an MDN subscriber that there were rumors of a layoff…

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