Reduced and/or deferred capital spending and increased pricing pressure are resulting in lower overall revenues, particularly in the United States,
Obviously cash conservation is a No. 1 priority as we make sure we get our cost structure in line in this period of very low revenue, ... This is an absolute surprise. We've never seen a downturn this rapid.
our continued unprecedented growth marks this as the right time to ensure we have a leadership team with the depth, insight, decision-making capacity.