Both are good in state schools. Why
Bloomberg - Oil Producer APA Cuts up to 15% of Workers
“The magnitude and timing of cost savings were both disappointing relative to our prior expectations,” he wrote in a March 10 note to investors. “Given current oil price uncertainty, we feel it prudent to temper enthusiasm.”
Alaska discovery
Thoughts on announcement today?
Who’s going to buy us? Who do you hope buys us?
Throwing out P/I, sudden obsession with stick count and faster production… Smells like a pump & dump! Any rumors about which company or companies came with the offer the CEO mentioned in the town hall?
Not a good place to work
Things that su-k at Apache: Poor management Poor work life balance Poor skill development Toxic office politics Horrible company culture Micromanagement Lack of promotions Lack of job security Things that don't su-k: Some of the people who work... — read more
401k rollover after severance?
Does anyone know if Apache allows you to keep your 401k funds in their retirement fund within Fidelity or should we rollover to IRA?
Massive layoffs then promotions?
Massive layoffs. And now all you see is promotions across the board on LinkedIn? Why am I NOT surprised. Like this wasn’t planned? You will Never be Premier
Business Excellence
Today's stock price showcases the value of this team and its cross-eyed leader. This team's existence showcases the C-suite's idiocy.
The real issue
We can agree on ELT made bad decisions one after another, but the real issue is that we have way too many 30 year old VPs, directors, senior managers, and senior advisors. Think about it.
Life is good until your badge does not work
Been here since December 2011. It was wild being on the other side of the layoffs this time. We walked so many good folks out on that Tuesday. Wednesday morning at 8am, I got the call on my off-day! Being part of the security team it was hard. Went... — read more
“Something is clearly not clicking”- Doug L.
Doug, you hit the nail on the head. The APA BOD needs to hold JC & SR accountable for the stock price destruction over the past 10 years. The reason why these big numbers being quoting are not “clicking” is a directly result of poor management... — read more
Crustman got grilled at earnings call
ELT should be held accountable! Board needs to make a change.
Merit increases
Any rumors?
FIDELITY
Fidelity 6% Will be Deposited on 2/24/2025?
New VP Announcement
An Apache class act move. Layoff 150+ personnel and then announce a newly formed VP position who was hired less than a month ago. Hired and was sitting in non other than business excellence and now reports to non other than yours truly mm. Got to be... — read more
The Breaking Point
After three reorganizations in less than five years, I guess I shouldn’t be surprised that I ended up on the chopping block. Leadership promised stability but delivered more chaos. They preached transparency while making decisions behind closed... — read more
The worst part
The worst part was moving us into the new building. We were no longer isolated in POC and we were able to get to know each other in the new building. People were no longer just a name on Teams, but rather someone you would say hi to in the elevator. — read more
Cried through the night
Gave my heart and soul to this place Feel like being divorced
Layoffs
All levels and titles. Nobody is safe. Good luck
How bad will Tuesday be?
Is the bulk of layoffs happening tomorrow?
Sc--wing over employees
Sounds like apache not going to offer early retirement to those that want it. Instead going to layoff some good people that want to keep their jobs. Last time the first round was retirees, this time apache wants to save a few dollars and not... — read more
No communication on Equity Grants
Are we even getting equity grants this year? No communication about it almost seems like there will be none. unless waiting until after layoffs
Any new rumors?
Please share. Thank y'all.
Are we in agreement that this is the likely scenario?
Blood bath comes last 2 weeks of February… middle management is being hit this time just as bad as the individual contributors… they sacked 33% of the execs to set the tone… if you make it to March, things will settle down… Accounting and IT are... — read more
Where did it all go wrong?!!
APA corp is an excellent study on what happens when you isolate functions and let the planners run the business. What is a bit sad is that the root problems won’t be changed by the RIF or by any minor structural changes. I can hear the planners now... — read more
10% - 15%
375 to 550 people how many will be CONTRACT nuts…. The storm is coming! Thank you Callon for sc--wing us up !
When is layoff day?
So we get the bonus and then get kicked out?
Round 1? Cute PDF from HR sent after everyone leaves at 1130 on Friday
Is this company serious?? No retirement offers? UK got a Year pay offer to leave. Is Apache broke? Also. How many rounds will there be???!!! And where is the Stock benefit update?
Cut Layers??
Why are we cutting layers yet Accounting has 19 layers of management? Half of whom are Toxic. BH written all over the walls there. Time is up!!! Not sorry.
Severance Package
Anyone knows what the severance package looks like?
Weekly Insanity
It’s becoming a weekly occurrence of layoffs or big changes. It’s unnerving. What’s this week’s saga? 100% over the unneeded stress
Oil is $74.. so why are we trimming down as if its $20!!
This downturn in the oil jobs makes no sense. Why are we cutting people now?
Life After Apache
I hate that people recently lost their jobs but let's be realistic, this should've happened years ago. The toxicity that some of them brought to the workplace was unbearable. There are many that remain who are disgusting examples of leaders and... — read more
Quit Dreaming
Nobody wants to buy us out. That would have happened years ago. SMH
This is so true…
No matter how strong you are, there was always that one employment (this place) that almost took you to the mental hospital.