Layoffs are not far behind. This is serious business survival.
Coronavirus as a reason for layoffs
What do you think? Is COVID19 gonna cause layoffs?
Project Rescind
More Layoffs. Employee relocations on hold. Sorry everyone. Hang in there
Not So Fast
Hang on to your knickers and tallywhackers. If you were offered a relocation during Ascend, or if you are employed by Apache at all better check your employee email. New layoffs on the way.
Working from home?
It is a shame the email from the CEO this morning did not address the most important concern which for the next six months will be the coronavirus. Apache should now be considering telling office personnel to work from home. A delay in reaction will... — read more
Still the worse
Apache Corp. – Shares of the exploration and production company slid more than 18% on the back of declining oil prices. Apache was the worst performer in the S&P 500 as of midday. The energy sector was among the worst performers during Wednesday’s... — read more
Riddle Me This
Oil dropped by 25%. A few of us "Minors" (Apache, Marathon, Continental, etc.) comfortably doubled that loss. When oil rebounds, how will these companies instill enough market confidence to recoup what was lost beyond the price of crude? I think... — read more
I Was Sad I Got Laid Off. Then Something Magical Happened
Boy life sure has a way of turning around.
Lay offs coming soon
First was hr, counters, Engenier’s then land now production I just hear here in Houston office they want every yard/office to fired 5 employees meaning 120 wells per pumper one electrician Per every 1k wells no maintenance guys ....formers will... — read more
It's True. Head of HR escorted out.
The post that was deleted from someone a couple of days ago was correct. Second employee email filled with BS today says he chose to retire. I feel bad for the next one in line. Rough times ahead.
Going Down
Apache stock closed at $9.55 and dropped to $9.30 in after hours trading. Way to go!
Phase II : Project Descend
It seemed like a good thing that I remained with the company through the Ascend layoffs. This round of severances will likely be lower $ amt thanks to $10 Apache. Employee email filled with BS was sent out QFIH this morning saying at first... — read more
900 hundred shares to the trash
Thanks apache 900 shares I was holding for my kids collage now in the trash $11 share wow... Also we still getting more layoffs hope some one buy us out already
Check Out The Financial and Oil Futures
Get ready for the big one to drop - meaning your continued employment.
Post deleted why????
Post deleted about head of HR getting fired and walked out the bldg, why!?!
Why are post being deleted now?
Apache owns this website. No freedom of speech.
Apache...
Yes there are all the things. But this company has been good to me, and I love most of the people and wish only the best for our future. I believe in our leadership. If you aren’t trying you aren’t living. #teamapache #bringsolutions #jccsupporter — read more
Apache Reorg News
Many of you may already be aware of this, but I will do a quick cut and paste from an article today. Here it is: Apache simplifies organizational structure to 3 teams ReutersMarch 4, 2020, 5:03 PM EST March 4 (Reuters) - Apache Corp... — read more
Support?
It's so hard watching folks to have to walk out. Saw one guy with a full cart dolley after being with the company for over 15 years. Has anyone heard anything the Accounting teams? I am just so confused why no one in Accounting has some prep... — read more
Reality Check
Blaming Alpine High on all of San Antonioans is like blaming the numerous Project Ascend blunders and lies on all of corporate. You're going to have to find a new excuse as to why APA isn't "premier". Now we all get to work together. This will be... — read more
More layoffs today
Seems as though Thursdays are the new day we should call in sick
Thoughts...
On earnings, the Ascend announcement today or what is to come tomorrow.
Why?
Why did Apache decide to get rid of some of its best people? Why does this keep happening over and over again? Who makes these decisions? Every time they lay off somebody who makes too much money (according to them, of course) they have to hire... — read more
This continual chaos
Well, the first round is done. I’ve heard rumors of the full tally of yesterday, somewhere in the upper 100s, maybe even greater than 200. SA got hammered, and geos/engineers in Midland/Houston did too. Land will be on the horizon, and then support... — read more
Get Legal Advice
For anyone who is getting a severance today and unsure if they are getting what is rightfully suppose to come to them, get legal advice. Do not sign anything until you do.
Severance for those who got an offer but don’t want to stick around?
As everyone probably knows, offers to remain in the new organization as well as separation packages went out today. Those who got offers to transfer to the “new” organization still are required to sign their offer letter. I’m guessing this is... — read more
Day of reckoning in SA...
Looks like it has started....
Layoffs / San Antonio...
Old but relevant: Apache Corp. is shuttering its San Antonio office, resulting in the layoffs of 272 employees, the company said in a notice sent to the Texas Workforce Commission this week. The layoffs will be implemented on March 6, 2020... — read more
Midland layoffs...
Heard Midland is getting hit today with layoffs/relo offers. Any truth to that?
Updates
Any new rumors or updates?
Bonus
Well... our grand bonuses are getting paid tomorrow. Guess there is no more reason to stick around this sinking ship and the incompetent CEO and all his incompetent buddies!
Any?
Anything going on? Seems eerie quiet and the ides of march are approaching.......
FORTUNE NAMES APACHE CORPORATION ONE OF THE WORLD’S MOST ADMIRED COMPANIES
I’m curious what data this list is based on?
Eastern Shelf Fields
Anyone have news on whos buying the fields located in Snyder, Ira, and Hamlin, TX? we were told our last day with Apache is Feb 28 but, didn't release what company is buying the fields.
Black listed?
If HR or project team is reading this or anyone else, will employees that are voluntary leaving or involuntary let go: will they black listed by company to be consider for future position?
Early Retirement Amounts?
Does anyone know what the salary multiple was for those who accepted the early retirement offer? Was it 2 weeks per year of service? 1 month per year? 80% of a month per year? Or was there no standard salary multiple?
All.....
It seems its all quiet on the front.....any updates in Houston office? Thinking it might take a hit at the near end of January.
Apache announces Suriname...and saves millions in the process
It is extremely coincidental that the company announced this discovery less than a week after phantom unit distribution (which act like a cash distribution for the company) for employees, even though they've known about the oil discovery for months... — read more
Early "retirement" effective 12/31/19
A large body of experience just walked out the door today, due to the early "retirement" mini-incentive offered in November. It's a shame, but there are opportunities for APA competitors right now with these on the market. Mismanagement at it's... — read more