Please let me know
Executive pay being cut?
So has there been an announcement about these executive leaders taking a pay cut to try and help the worker bees? What was I thinking?!!! All those guys care about is themselves. They rarely frequented the floors below 40 while I was there.
Non core assets
I work in the field what exactly does it mean sell of non core assets And people being picked up by whoever buys them.... Sorry but we aren't getting much info
Park Harvey bar
Park Harvey Bar will be open starting noon this week. ;)
Layoffs are coming tomorrow and Thursday
I have a buddy that is pretty close to the CEO and he tells me it will start tom and end Thursday. This is a reliable source. Sorry to break the news to you all. God bless
Updated: Layoffs Information as of 4:55pm CDT for NYSE:DVN
Devon Energy Corp. announced earlier today in a email message sent to employees and staff the following: -Wednesday, February 17, 2016 between 8 a.m. and 12 p.m. (Supervisor layoffs) -Thursday, February 18, 2016 between 8 a.m. and 12 p.m. (Everyone... — read more
How do you guys feel today?
Just curious, how each of us is processing this from the emotional stand point.
Approximately 700 employees in Oklahoma City are directly impacted
Devon will reduce its headcount by approximately 20 percent in the first quarter, or about 1,000 positions. There will be up to an additional 600 employees impacted by the sale of non-core upstream assets. In most cases, we expect these individuals... — read more
OFFICIAL NEWS RELEASE
http://www.koco.com/news/Devon-Energy-expects-layoffs-to-be-complete-by-Thursday/38025094
Where is everybody meeting to booze?
With these layoff coming we gotta take the edge off.
Worked as an accountant for Devon over 12 years up to 2014. I left because what started as a great family oriented employee oriented turned
Into corporate hell. Great employees took ownership worked hard sacrificed family health and relationships andhelped drive them to success but soon went unappreciated. Myself and several others won EEOC cases based on age etc against the Devon... — read more
Layoff Timeline: OFFICIAL
Tomorrow morning we will begin employee reduction notifications. Notifications will be conducted on an individual basis, and we ask that all Oklahoma City employees stay near their primary office location the next two days. Leaders and HR... — read more
Additional G&A Cost Reduction Initiatives Underway
Devon also realized significant general and administrative (G&A) cost savings in the fourth quarter. G&A expenses totaled $194 million, or $3.10 per Boe. This result represents a 25 percent decline in G&A year over year, saving nearly $60 million... — read more
Wednesday
Wednesday will be mass exodus
REDUCTION OF INJECTION WELLS IN OKLAHOMA
STUPID QUESTION: How does this affect oil companies within the state? Im not in oil and gas but am curious about this. Thanks in advance.
Devon Tower Revisited
The IT techs, the HR staff, the Business professionals - these people must leave to make a world for Hooper; they were the aborigines, vermin by right of law, to be laid off at leisure so that things might be safe for the Energy Executive, with his... — read more
The Crawfish Boil
Who thought it was a really good idea to assemble all the happy crawfish and announce there's gonna be a big crawfish boil in the first quarter and a whole lot of them are going into the pot. Most cajun cooks will tell you it's much better on the... — read more
Layoffs are hard
Man, I really feel for you guys. I was let go way back in 2008, but got a great package. I have a number of years over 40 and got a week for each one. plus a week for each increment of salary equal to 10k plus all the stock full vested. Worth almost... — read more
Find me an Attorney in OKC!
I would like to sue them and I need to find an attorney in Oklahoma City who will litigate. I am open for a class action as well. I am sick and tired of seeing them run away with millions while they terminate us, the folks who built this company... — read more
Outsourcing
I've heard they are going to outsource all of IT and Finance. Very reliable source closed door meetings
Ex Delaware VP - T. Hooper
ESPs with no SWDs. Enough said.
Faith, hope, and love
Faith, hope, and love.....we talk about these things all the time. Now is not the time to place blame, second guess, say angry words that cannot be taken back. Now is a great time to practice our faith, the belief in ourselves that we are valuable... — read more
Artesia
Has anything happened in the Artesia abs SENN area. That upper management out there is an absolute joke. They wasted money with zero concern.
Official Tuesday thread
Please share any updates, HR sightings, conspiracy theories and random conjecture for today's layoff activities.
How are layoffs conducted?
In group? 1:1 with the HR person? A call? A meeting? Do I get time to pack my cube?
Devon is starting haircut program today. Who do you think shall be gone so can see if our prediction is correct
1) Mike Sanders - DPMM 2) Steve Krueger - CSS 3) Chris Goforth BUVP 3 devils shall be gone
So this thelayoff.com Is pretty much useless.
74 cents a share, really I saw it online. I just can not imagine any use for this website if you work at devon.
Big announcement coming on Tuesday.
You will be surprised.
Still happening?
They still laying people off?
After party at Fasslerhall
High of 79 that day. A patio will be nice to console our shattered dreams.