https://www.thelayoff.com/noble-energy
Bloomberg investigative journalist poking around MRO linkedin accounts...
Seems like someone is looking for people to provide him with some whatever dirt/info he can get..
Did you get your button today?
Hey everybody did you get your morale boosting button today? Because nothing says loyalty like laying off 600 employees this year and selling off assets but giving those left their I Love MRO buttons! I know I feel better!!
The strategy
"Lowest cost, highest margin North American resource-play focused independent"- can I get paid millions to say I want to make money with the assets we have? Stop acting like resource plays are just a focus, it's all they care about. Might as well... — read more
HOUSTON — Marathon Oil Corp. is selling its stakes in aging oil-producing fields in Gulf of Mexico for $205 million
http://fuelfix.com/blog/2015/11/09/marathon-oil-selling-gulf-fields-for-205-million/#34117101=0 HOUSTON — Marathon Oil Corp. is selling its stakes in aging oil-producing fields in Gulf of Mexico for $205 million, part of an effort to concentrate more... — read more
Employees directly involved operationally would be going with the asset and their fate would be in the hands of the buyer
My assumption/opinion is that the employees directly involved operationally would be going with the asset and their fate would be in the hands of the buyer. This headcount would be in addition to the 200 as this divestiture likely was still in... — read more
Apache Corp rejects takeover approach from unidentified party
https://finance.yahoo.com/news/apache-corp-rejects-takeover-approach-005713895.html
whats in the news
HOUSTON — Marathon Oil Corp. will shed 200 jobs this month as part of a plan to restructure its upstream business into two distinct units, with one encompassing its key U.S. shale plays and another for its conventional drilling fields in the Gulf of... — read more
Make sure to get your free popcorn in the lobby today
and reminisce with co-workers about the old days when Marathon gave away free generators, cokes, gym memberships and lucrative raises and bonuses for work that consisted of drinking coffee, licking stamps, envelopes, and certain unmentionable body... — read more
Next Round to include approx. 200 Employees
Just received the news….but this time they’re asking for “voluntary separations”… Cut should be approximately 200 US employees by end of Nov.
Marathon Reports 3Q15 Loss of $1.11 / share
In the release Tillman states "we remain focused on driving operational excellence, reducing production expenses and G&A costs, pursuing portfolio management and maintaining a strong balance sheet"... — read more
Severance Package
Termination Allowance Package. The employees laid off in February got a good package. The exploration group got a little less than the previous deal. This round will be even less. They rework it every round to be a little bit less.
Layoffs start Thursday
Buckle up.
Marathon Oil cuts dividend 76% to .05 / quarter.
Does this portend more layoffs?
Marathon pulls out of Croatia
Old news, but was never communicated to employees. http://www.offshoreenergytoday.com/croatia-confirms-offshore-license-recall-new-round-in-september/
Stock price breached $20...
Better sell it now before it tanks again after Q3 earnings call....
Marathon needs to get rid of the dead wait...Wyoming!
That asset is doing nothing for the company. They have no rigs running and are way over staffed. Its time to cut the asset loose, regardless of it being a "legacy" asset to MRO. And after that sell, MRO needs to take a page from their direct... — read more
October 2015 or November 2015 Layoffs at Marathon
October 2015 or November 2015 Layoffs at Marathon - Have started hearing hints of "10% reduction in costs across the board" again...this is the exact phrase used just prior to the first round of layoffs. Would love to see some execs get canned in... — read more
Here's an idea
Run a badge report and layoff the ones putting in a 6 hour day everyday
40 Laid Off in Global Exploration
This was very much expected, this took place three weeks ago. There will be more layoffs in October and November 2015
Looks to be about 40 as of now
There will be a layoff of approximately 40 people. Unsure which asset will be hit.
Here's an idea
Here's an idea. Why don't supervisors that only supervise 1-2 employees get he ax? What's the point in having that position, especially if one of the employees is a contractor? Speaking of contractors, why are we keeping them? They could get cut and... — read more
Here we go kids!
Here we go kids. Welcome to Corporate America: the Evil Twin of BOOM TOWN. The managers cull and cull...and then the MANAGERS get cut! Oil is down, ain't coming up, companies will merge, there will be buyouts, etc. Only committment a corporation has... — read more
The ax will wield again
Rumors of another round coming...
2nd phase has started. 3rd phase to come.
If you are still employed by this awful company please don't fool yourself in believing that Lee and the powers that be are done with the cuts. The first phase was merely a payroll cut. If you made a certain amount of money or were at a higher pay... — read more
Baker Hughes' approach to downsizing!
I saw today that Baker Hughes is closing their office near College Station. Here's what it says about their layoffs: "Terminated employees will be paid for a 60-day period, and benefits will continue for three months following the closure." We would... — read more
New Hires?
Any news? I am supposed to start at the company this summer and am getting a little nervous due to the layoff situation...
Talking to other people in the industry (outside of MRO) about things that have come out since the layoffs started.
They are flabbergasted by the way people were treated, benefits being cut off immediately, and most especially the stock being taken away. According to most of them, most reputable companies would go ahead and vest the stocks that were owed to the... — read more
Marathon Oil Layoffs 2015
As a family member of an employee that was part of the bloodbath I can tell you from the way my loved one was treated and the stories that have come out of Houston and the other assets it was indeed a "bloodbath". Many people have compared it to... — read more
Bloodbath for the Marathon family
Never thought it would come to a "bloodbath" such that it did. Wall Street got what it wanted at the cost of some good people. As in the past, I didn't see any managers walk out the door. Always the little guy to bite the bullet.
Well Prepared for the Downturn
There will be cuts but we are also very good prepared and the company has little debt. We prepared for the downturn and we can overcome all problems that we will be facing in 2015
2015 Laoffs at Marathon Oil
Do you think we will have layoffs in 2015? If you've been around in the 80s you remember early retirments and layoffs. We've had a good 30 year long run, but in 2015 who knows. Tillman probably knows the best, but I can tell you that folks in Houston... — read more