BAY COUNTY, FL — According to an Oceaneering corporate executive, 45 people were let go last Friday. The downsizing is due to a decrease in market demands for their products. Back in November about 60 employees lost their jobs.
Management says they have a substantial investment in the Panama City Port facility and the layoffs were not a pleasant decision to make. They also say Oceaneering does not have any plans for further cuts.
The company now employs just under 300 people in the Panama City Port facility.