Topics regarding layoffs at Hess Corp.

Topics regarding layoffs at Hess Corp.

Real talk

Hess has been a great company to work for and yes there are good things and bad, good times and bad. Over the years, especially during this last downturn, Hess has been generous to the employee base. The struggle I see and hear discussed most right... — read more 

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| 3000 views | | 4 replies (last November 1, 2024)
Post ID: @OP+1saKuh5w

Do You Meet Chevron's D&I Demographic Profile?

If you don't meet the Chevron' demographic profile, you will be the first to be cut. See what happened in the 2019/2020 Chevron layoff. Don't be afraid to ask questions. Chevron is not the company you think it is.

Whether stock to be vested or not

Stock wasn’t mentioned in the severance plan sent on Nov.16th either on purpose or by accident. Does anyone get information from HR about if stock will be vested after separation?

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| 2140 views | | 4 replies (last December 11, 2023)
Post ID: @OP+1pNVSIs8

WOW

I was so loyal to Hess, have never worked for a better company and I am in my 50’s. I completely forgot that the only people that really matter are the large stock holders, I feel gutted!

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| 3870 views | | 5 replies (last January 30, 2024)
Post ID: @OP+1psH3Qm2

XOM

Chances that a deal is announced with XOM in the next 6 months?!?

Opinions on Q4 results

Just now I read the Q4 earnings call transcript: https://www.fool.com/earnings/call-transcripts/2022/01/26/hess-midstream-partners-lp-hesm-q4-2021-earnings-c/ Any thoughts on the results? What would be your question for leadership in this... — read more 

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| 1940 views | | no replies yet
Post ID: @OP+1eZewGYB

Vaccine mandate

So now requiring all employees to be vaccinated and boosted. Odd timing when we know the vaccine doesn’t work against omicron. Starbucks even dropped their mandatory. Is this just a way to reduce the workforce?

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| 2070 views | | 2 replies (last January 25, 2023)
Post ID: @OP+1eYpWlrW

No need for layoffs

Attrition is bad enough that I believe we're safe from layoffs for quite a while.

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| 3370 views | | 7 replies (last September 13, 2022)
Post ID: @OP+1dapkqfZ

Townhall today

Let's see what comes of it. I hear new items on return to work will be discussed.

Hostile work environment

Does anybody else feel like they're back in high school? That's what it's been starting to look like with all the cliques, manager's pets who can do no wrong, and overall backstabbing culture. It hasn't always been like this, so I'm not sure if this... — read more 

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| 4150 views | | 5 replies (last September 28, 2023)
Post ID: @OP+1apyh7gV

Next week

So with the impending re-org and layoffs scheduled for next week what’s the word on the street?

Voluntary Severance Package

Voluntary severance package rolled out this week in ND. Only a matter of time before non-voluntary rolled out.

Hess in a hostile and caustic work environment

Hess in a hostile and caustic work environment. Surprised they have not been hit with a lawsuit for s-xual harassment and hostile work environment. Recently sold the last asset that would keep them going and they having been bleeding red for a very... — read more 

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| 6030 views | | 3 replies (last August 16, 2018)
Post ID: @OP+T8HUlvo

Housing Market

Will the The Woodlands, TX and Houston TX real estate market recover from the the Oil Industry downturn and continued layoffs that are occurring?

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| 2450 views | | no replies yet
Post ID: @OP+SnHdbNd

Throwing in the Towel?

So Hess is now doing a $1B stock buyback. Sounds like they have no good prospects to invest in so buying back stock is the best alternative. How long till a major takes a run at Hess for the Guyana prospect?

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| 2910 views | | 1 reply (March 19, 2018)
Post ID: @OP+S50VAlj

Incredible Shrinking Oil Producer?

Bloomberg Business Week is calling Hess "the incredible shrinking oil producer" in light of a new round of layoffs. When is the management of this company going to recognize that they can't make up for their ill-timed and ill-advised decisions of the... — read more 

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| 4300 views | | 1 reply (January 19, 2018)
Post ID: @OP+RjKhliO

300 to be laid off?

This article says that 300 people will lose their jobs in this round of layoffs, which is significantly lower than the numbers we've been hearing lately. Any chance this guy is actually correct?... — read more 

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| 5180 views | | 5 replies (last January 23, 2018)
Post ID: @OP+RiqihtJ

Has it started?

Anybody knows if the layoffs have started? Any Hess Houston employees here who can give us an update? I've been on the edge this whole week, and I'm not even in Houston. I can only imagine how people there are feeling right now as the week gets... — read more 

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| 4310 views | | 6 replies (last January 20, 2018)
Post ID: @OP+RifX3TK

Hess layoffs January 15 - 19 week

Currently about 2300 Employees hearing that reduction will be about 35% (780 people). Out of those people cut supposedly 80-85% will be Houston personnel. Reorganization starts on Tuesday! Found this info in an old thread, thought it belonged on top... — read more 

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| 7380 views | | 14 replies (last January 22, 2018)
Post ID: @OP+RebXwwn

Another Proxy Fight?

It's been reported that Elliott Management is getting geared up for another proxy fight with Hess with the intent of ousting the CEO. Elliott also wants a cut in dividend, increase share buyback, sell Malaysia assets, and possible sale of the... — read more 

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| 3710 views | | 4 replies (last January 4, 2018)
Post ID: @OP+QYJBamG

Lack of respect

Can people at Hess realize that a company is run by more than simply engineers and geologists? It's astounding how little respect you get here if you are in other departments. Do people really think that accounting and finance don't contribute to the... — read more 

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| 4550 views | | 5 replies (last January 21, 2018)
Post ID: @OP+QKoz6NA

Employees are your backbone

I was treated awfully at Hess. There is no sense of loyalty or value as an employee there. People were promoted due to politics instead of expertise. Positions that could easily be filled in-house were done outside of the company devaluing its team... — read more 

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| 3890 views | | 4 replies (last April 25, 2018)
Post ID: @OP+QIPoi7Z

Hess can't last like this!

A company can't last that has people in lead positions that don't even understand how things work or know what their people even do! You also can't go from having parts you need to keep things running to being weeks out to get these parts to keep... — read more 

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| 3500 views | | 1 reply (December 18, 2017)
Post ID: @OP+P2U47JB

Spiral is right!

Whoever said Hess Corp. was in a death spiral it appears they were right. It looks like we are headed below 13 billion market cap and maybe 10 by the end the year. I bet we have layoffs just to satisfy the stock holders that something is being done... — read more 

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| 4330 views | | 3 replies (last August 30, 2017)
Post ID: @OP+OITrJP1

Get ready for another round of layoffs!

Something has got to happen soon to stop our death spiral. I am afraid we are about to have another big layoff soon. Has anybody heard if management has a rabbit to pull out of the hat soon?

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