Will there be layoffs?
There's always layoffs in the oil industry at one time or another. You gotta plan & expect that if you seek a career in that field. You can make a lot of money for a while but you better put some aside for down times.
We don’t have layoffs in the oil drilling industry, we have ‘busts’ that follow ‘booms’. Roughly 80% of the oil jobs from the Bakken boom are gone from just two years ago.