Topics regarding layoffs at Apache Corp.

Topics regarding layoffs at Apache Corp.

Project Rescind

More Layoffs. Employee relocations on hold. Sorry everyone. Hang in there

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| 1500 views | | 3 replies (last March 12, 2020)
Post ID: @OP+13WIn8LZ

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 

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| 902 views | | no replies yet
Post ID: @OP+13VLV86V

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 

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| 1730 views | | 5 replies (last March 12, 2020)
Post ID: @OP+13U5IZg0

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.

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| 1720 views | | 4 replies (last March 18, 2020)
Post ID: @OP+13Tulx7O

Going Down

Apache stock closed at $9.55 and dropped to $9.30 in after hours trading. Way to go!

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| 634 views | | 1 reply (March 12, 2020)
Post ID: @OP+13T1DWIF

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 

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| 1500 views | | 4 replies (last March 10, 2020)
Post ID: @OP+13TVzj8H

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

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 

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| 2370 views | | 7 replies (last March 5, 2020)
Post ID: @OP+13JTdGK4

More layoffs today

Seems as though Thursdays are the new day we should call in sick

by
| 1310 views | | 1 reply (February 28, 2020)
Post ID: @OP+13IVjodg

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 

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| 2150 views | | 1 reply (February 22, 2020)
Post ID: @OP+13CyAoGq

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.

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| 864 views | | no replies yet
Post ID: @OP+13BJDTdM

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 

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| 1620 views | | 1 reply (February 19, 2020)
Post ID: @OP+13z70P0C

Midland layoffs...

Heard Midland is getting hit today with layoffs/relo offers. Any truth to that?

Updates

Any new rumors or updates?

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| 1740 views | | 6 replies (last February 18, 2020)
Post ID: @OP+13yXAbRE

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!

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| 1830 views | | 2 replies (last February 18, 2020)
Post ID: @OP+13uvYIon

Any?

Anything going on? Seems eerie quiet and the ides of march are approaching.......

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.

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| 1840 views | | 2 replies (last January 22, 2020)
Post ID: @OP+1336L5TN

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?

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| 2570 views | | 7 replies (last January 17, 2020)
Post ID: @OP+130TuGGu

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.

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 

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