Pray for wisdom from our management. I was going to use the term: LEADERSHIP, but sadly, that has been lacking for many years - since Larry left. We had a benign uncle running the company for the last few years, now his nephew has taken over. If the... — read more
As it Happens
Post news, HR sightings etc as it happens here. NO speculation or B.S. just facts. TapWerks is the official gathering point for those let go.
The official Date
The reaper won't come until 2/22. The announcement of savings will be release during the 2/16 call. 2/15 is a Holiday so don't expect anything this week. The layoff will happen the same as in Canada. Stay in your office and wait for a yea or nay... — read more
Purge
Make sure you're not roaming the yalls after 8am tomorrow. The Devon Reaper will be out in full force.
Good luck this week
Now I lay me down to sleep, I pray to Hager my job to keep, If unemployed when I wake, Aubrey my skills are yours to take.
Go out with style!
I say tonight we all download Queen's "Another one bites the dust" to our phones. Then as we're shoveled out the doors, we all blast that as loud as possible. We may not have a job, but they can't hold us back from rocking out!
Free slices of humble pie for laid off and about to be laid off Devon employees
Bernie Sanders is in your corner, fighting to get you that $15 hourly minimum wage you will be working for. Part time, of course. Otherwise, full time would disqualify you for food stamps and other government bennies that you will need to try to... — read more
Iphone Mail
Devon emails on the Iphone all gone this morning. Can others please check theirs?
March 2016 is the marking month of Devon history. Please share your thoughts, who should be gone to save DVN.
Time for the collapse of the Devon era. Hope this is the time to let most of BUVP and Directors with worthless processes to be gone to save part of the $700m reduction. Anyone has opinion?
Artesia needs new leadership
With all the layoffs many of us hope that they remove the current corrupt leadership in Artesia along with their friends. I've been here 2 1/2 years and continue to see the "chosen" ones get by with things that anyone else would be fired for. No... — read more
Devon Leaders sell off thousands on shares while the value drops.....
http://okenergytoday.com/2016/02/devon-leaders-sell-off-thousands-in-shares-while-values-drop-2/
Oil and Gas BK List
Oil and Gas Bankruptcies List (2015 and 2016) 48 companies folded so far, $17 Billion Dollars in Loses - here is the list: @FVdOlco
O&G: 50% Cuts Needed to Align Spending With Cash Flow
In this volatile market, IHS said its analysis indicates that Concho Resources, Whiting Petroleum, WPX Energy, Halcón Resources and PDC Energy are displaying the greatest spending discipline. Lower Price Scenario Paints Gloomy Outlook for North... — read more
Devon hires Jefferies to sell non core assets really??
I filled the tower full of slap dick ass kissing know it all entitled engineers and you can't figure out how much your own assets are worth? I sure am glad I put the boots to you guys when I did.
If you try hard enough you can find the list on the network, I did. Once this is read by security it will be locked down.
You wil be surprised by some of the names.
Devon is like watching a bad gambler
Devon right now is like watching a bad gambler chase after losses. Spend 4.5B for assets instead of holding on to cash Hire new executives in the midst of a layoff and grant huge stock payouts to executives to ensure the golden parachute opens when... — read more
Three Weeks
We've survived for three weeks since they announced the layoff. It has not been pleasant, but it has given us time to prepare. The cuts will be very very deep. There will be people gone that you don't expect to be gone. Be a team player, get along... — read more
Updated Workforce Reduction FAQs Released Today
For those that may have missed it they have updated the Workforce Reduction FAQs / PDF. They announced it on Strata Now late today via email. Whether the timing of the update has anything to do with when they will begin the purge remains to be seen.
OPEC to the rescue!!!! NOT!!!!
It has been reported that OPEC is going to cut production.....again.....again.....again. There is no way that neither Saudi Arabia, Russia, or Iran will give up on cutting production to protect their market share. Regardless of what happens, Non-OPEC... — read more
One month ago, Devon Energy hired a new Exec VP
The individual came from outside the company - several VP's were promoted to Exec VP's. Help me understand this - we are bleeding money and laying people off and boys at the top are playing games.
Please see if you can assist here
Hello All, I need help… I am a retired BP IT employee and I’d like to start an O&G Layoffs group on Facebook – with quite a bit of spare time on my hands I can help folks organize and exchange information. I think I can kickstart this by inserting... — read more
Thursday
I was told by a contact I Internal Audit that they were told today's layoff of their VP was timed in front of the rest of the layoffs because the board's audit committee meeting is Thursday and it had to happen now so it could be reported. Sounds... — read more
Drilling
If you are in the drilling group be afraid. Hard to keep people with only 2 rigs running company wide.
Interesting Read
http://america.aljazeera.com/opinions/2016/2/how-cheap-oil-may-ruin-your-life.html
Those overheads must be removed, worthless gangs
DPMM was a false start. Shall be ended to stop losses. Overhead of non core human resource assets. Steve Krueger is a turtle and he should be retired. M Sanders is a fascist from GE, he is just a salesman with many nonsenses. CS S Pm
Rigs
They layin down rigs faster than most your mothers!
Any Layoffs in Finance?
I left about 5 years ago, I liked working for Devon...
Husky Energy - 400 laid off today
Here is the link: @FSuK2Ic
Assets For Sale
According to multiple posts online, DVN is selling assets in 4 areas. So does the total employees laid off include those working in the assets for sale? Or are they an addition to the total number?
The Good, the Bad and the Ugly...
In my opinion, Devon is a very good company facing some really rough times, but still one of the best in the industry. Commodity prices have tanked, and this is not something Devon or any single Energy company can control. OPEC is responsible for the... — read more
Anyone else notice the CBS news camera man set up on the corner of Sheridan and Robinson taking footage of Devon Tower during lunch today?
Anyone else notice the CBS news camera man set up on the corner of Sheridan and Robinson taking footage of Devon Tower during lunch today?
I kind of want to get laid off...
I've made enough money to last like 10 years and getting up at 6 sucks.
I feel personally feel that layoff will happen in 4 weeks at Devon at the most to reduce cost.
Here is where and what will happen. BU managers with top paid will be revised and released. All embedded PM will be disengaged. All DPMM under MSanders will be wiped out since 90% of their contribution will be useless, most of their works were... — read more
"Midland BU is depleted"
stupidest thing I've ever heard
I'm glad Devon is helping the aborigines
it makes me feel so good that we are helping the Eskimos
Chesapeake Energy in a meltdown mode - a BK immanent
Stock drops 50% today, hired a company to restructure 10 billion debt load - employees are outraged, panic mode thread here on layoffs.com at &chesapeake-energy
Do something smart
Instead of the stupid remarks, everyone who is laid off should simply post gender, age when laid off. Ie, M56. If everyone did it you could see if any discrimination by Devon. There are lawsuits possible for discrimination.
project management and CI
Hopefully these guys will be gone soon. Bunch of idiots. Some used to work for the federal government.