SPE has reduced its global staff by 12% in response to current industry conditions. This is the first time in its 58-year history that SPE has had to make an economic-based layoff. CEO and Executive Vice President Mark Rubin said, “SPE remains focused on providing excellent service to our members. In deciding how to make staff reductions, we focused on our ability to deliver essential global programs and services consistent with our mission.” All seven global offices (Calgary, Dallas, Dubai, Houston, Kuala Lumpur, London, and Moscow) will remain open to provide services to members in those regions.
Staff reductions affected all departments and all offices, except the Moscow office, and rolls back some of the growth that has occurred over the past few years, bringing SPE’s total headcount back to 2011 levels. A few programs will be scaled back, but core functions will remain. SPE does not expect that members will be adversely affected by this reduction.