Atlas Energy – Rumored Layoff of 30+ People in PA

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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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