Topics regarding layoffs at Apache Corp.

Topics regarding layoffs at Apache Corp.

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.”

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 

FIDELITY

Fidelity 6% Will be Deposited on 2/24/2025?

by
| 2940 views | | 5 replies (last February 25, 2025)
Post ID: @OP+1jmq37x7x

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 

Layoffs

All levels and titles. Nobody is safe. Good luck

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

by
| 1560 views | | 1 reply (February 17, 2025)
Post ID: @OP+1jmacedtt

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 !

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.

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

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

by
| 1150 views | | 3 replies (last January 26, 2025)
Post ID: @OP+1jjckd517

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.

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