the pendulum swung the other way

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Senior Member
Cantonese and Mandarin
Hi folks

In 2012, Chevron’s Amy Absher was feeling pretty good. Business was booming and the company was hiring across the board. <Deletion>

But as it happens so often in the cyclical oil and gas sector, the pendulum swung the other way. The market turned and IT costs rocketed. <Deletion>
What does the highlighted sentence mean?

<Quotation shortened.>
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  • natkretep

    Moderato con anima (English Only)
    English (Singapore/UK), basic Chinese
    Humvee, can you please give the source of the quotation, and shorten it to a maximum of 4 sentences please?
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