Everyone is taking a paycut, though bottom feeders are getting hit worst.
Dateline 2016-01-19, Malay Mail:
They used to dream of a RM7,000 basic monthly salary in their first year of employment, with thousands of ringgit more just from allowances. But now, petroleum engineering students say they have doubts about their career choice as they witness the oil & gas (O&G) industry lay off tens of thousands of workers worldwide.
Malay Mail Online spoke to several petroleum engineering students who said much of their optimism and confidence for a solid career in the O&G industry has been shaken after seeing the unexpected prolonged oil price rout ravage what was once considered the most stable and lucrative job market.