I have always hears that accountants are the last to go. Has anyone heard of any rumors related to any accounting departments? You can definitely tell that moods have changed, and everyone is on edge. I work very hard bit starting to feel uneasy!
PBTX Reservoir
they laid off a senior reservoir engineer today. He had been with the company a long time and was over the west texas waterfloods.
Layoffs
More layoffs yesterday in Land. They are really being sneaky about it, just a few people each week. I hope everyone is stepping up their game.
If Devon would get rid of the entire IT department they could save millions. This department at Devon is the worst in the industry.
Full of people that believe they know more than the business. Devon's problem; the worst IT in the industry. Devon- clean house from the top down I IT. This is the most hideous department in all of Devon. Face it you know nothing, and even less about... — read more
Layoffs today
Just heard some people were let go in every group.
Reveille!
When does leadship get laid off? There are so many dip shits in leadership, making costly decision, spending money for stupid projects, and no one will tell the truth. The board needs to be strong and figure out the waste. Most of your VP's... — read more
Merger or Takeover?
According to a Bloomberg article online, Devon is a takeover or merger target for 2016. The article also mentions Oxy and Encana as candidates. Curious as to your thoughts? Possibility or crap?
It's Official, Writedowns are the FUTURE
I find it humorous that Devon and others can clamor about earning pennies on the dollar with regards to per share, etc. and at the same time they writedown billions with an S every single quarter and that is supposed to be a good thing... — read more
Bloodbath Averted for Now
Based on the earnings announcement I doubt there will be a bloodbath (not great but could have been a lot worse) until next quarter once the low prices hit home after the hedges have long expired, etc... — read more
Wow!
http://kfor.com/2015/11/03/Devon-announces-Oklahoma-layoffs/
New information on Oklahoma City Office
Just found out that after the third quarter report that OKC will announce their layoffs. Look for OKC cuts by Nov 20th. Number expected to be about 15% around 600. Hedges are ending and they need to make their numbers for the 4th quarter. Stock... — read more
Will never be an industry leader
Understanding the Why portion of the layoff decision making process....I'm at a loss to the WHO and HOW portion of it.The current leadership team fell waaay short of positioning this company into a world class organization.Your only as good as the... — read more
Devon Calgary Layoffs
Office staff in Calgary were let go, along with supervisors, operation and maintenance staff in the 3 plants in the north. My severance was pretty good, I'm sure they all were.
How long should I wait to ask for a raise?
Now that I survived the layoffs what is the appropriate time to wait to ask for a raise, since I am now one of the recognized producers.
Okc next??
When will the axe swing over OKC?
Cuts in Northern Alberta
I was one of the many who lost their job yesterday. It's getting pretty strange up there, lots of good experienced people were let go. These are pretty sad times...
No sense in stocks
It makes absolutely no sense how oil can be up and our direct competitors stock price is up but ours keeps going down. No sense at all!!
Devon employee -
Devon employees - I am sorry for those of you that will be parting ways with Devon today. I know there will be several in Canada and also a few in Oklahoma City. I wish you well. You will see your way through this and be better and stronger on the... — read more
Anything weird on anybody's calendars?
If CHK is the example are there meeting rooms or blocks of time that a reserved out?
If I make through this week?
The risk of layoff will have passed? I can start the thought experiment of, "when oil is back to 100/barrel, how big of a raise will I need to keep me from jumping ship to another company?" Halloween could be really fun this year.
HA HA HA HA
Mighty my Devon laying people off. Better apply to AEP while there are still opening.
It's just now sinking in. Anybody else let go?
Yeah, they let me go end of last week. Haven't had the nerve to contact my co workers to see if they were too. It really sucks that there no announcement like with the other companies. Management are some cold mofos to just do it a few at a time... — read more
Gotta give it to Devon management ....
They can keep our layoffs on the down low and out of the media!
Layoff week
Finally we are going to get some cost relief this week. I hope we she'd quick and swift.
Does anyone have an updated headcount?
It feels like there are less people at Devon. But of course Devon never lays people. The were 2 people let go in our department in the last few months, but I think it was performance based.
Devon is in better shape than most.
For years Devon has been putting up with Wall Street wanting to know what the plans were for the big pile of cash the company seemed to just keep in storage. Now that times are tough it seems Devon has the ability to weather the storm a little... — read more
$36/share for Devon? Holy shit - this will be bad
Devon cannot survive this - very few oil companies can. Stocks are dropping like crazy all over this industry, every company is suffering. Devon WILL have to do something and the fastest, quickest thing they can do is whack employees. I hope you all... — read more
Stock Price
Why is the price of oil and all other energy stocks up BUT ours is down again?
CHK Layoffs
Alright folks. Chesapeake is getting hit hard right now. Do we follow suit?
The Blood Moon has come now the end of the Earth and Mankind
When the earthquakes start and the attacks start your jobs at Devon won't matter. It's the end of days; prepare yourselves.
Oct 8th will be open dialog for downsizing with the heads of multiple departments.
An offsite is planned.
HR is acting more strange than normal. I think they know something.
just spooky quiet. But it is a full moon!
When Devon need to downsize they are considering taking a page from the Kimray playbook.
Look for Devon to offer early buy outs. This a great way to downsize and keep morale up. Let those that are close to retirement get out gracefully. This is win - win. I hope they come through with what they are discussing. What they did with IT... — read more
Inside scoop - Tuesday (9/29) w
Inside scoop - Tuesday (9/29) will be the day. Official numbers are 406 employee terminated. IT has completed the auto meeting invites to be distributed on Tuesday at 8:00am notifying the individual. Layoffs will rotate by building, starting with... — read more
It sure is quiet here....
....maybe....maybe a bit TOO quiet?