At ConocoPhillips. 20-25% of their staff. This is happening to a real oil and gas company, not like you…. The ride is coming to an end. Don’t forget to take your belongings.
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@wn you haven’t seen performance issues because the bar is already low.
It isn’t out there on the Texas Workforce commission site. The last posted is 9/17; which is earlier this week. I would assume COP is following the law but I can’t find the notice.
@2k4 it's out there... they emailed the actual notice to the employees the day they filed it, Sep 4. Day after you started seeing news articles about it.
Why have COP WARN notices not shown up on the site where they should be posted. Are the Texas people that incompetent. I question whether the government has been notified. Maybe just the employees to up the anxiety level. Oxy Cop merger makes a lot of sense.
@1ez I'm a COP employee and you're incredibly misinformed. First of all, the WARN notice was filed for Houston employees on September 9. That's the ONLY reason for the recent news article's, most of your knowledge of the fact that layoffs are coming, and ultimately, this post. They didn't announce to the world before filing the notice. The filed the notice at the same time they announced it to the world, and it's timed to be ~60 days from when they plan to perform the layoffs.
The truth is that the employees were given a head's up about a cost analysis given the name "Competitive Edge Project" last October. That would be 2024. We have known since then. It was announced at the same time RTO was announced. If they were waiting for people to volunteer, that would have taken care of some, and for those who have stuck around, the employees were offered an EOI.
You can ride the high horse for now but two things - COP isn't a struggling company, and the temporary salary reductions you faced a few years ago probably su-ked. It's not always shiny rainbows and diamonds, just keep that it mind. This is our industry. Best wishes to all.
Ex Oxy, non Oxy folks just take a chill pill. No layoffs are happening and there is no merger or takeovers here. Also the balaced work program is here to stay. Sorry for non-Oxy/ ex-Oxy folks that you have to drive to work on Monday but if you look the other way i promise it will get better. Unfortunately your jealousy is not doing anything bad to Oxy. For stock holders you can cut your losses and move on growth opportunities in AI or crypto. If you are smart, you can quadruple your money in a year.
You are right. VH doesn’t lead except in the wrong direction. This person is too concerned about being nice and not about maximizing return. We might say she is in the wrong job.
Hybrid needs to end. Too many people doing everything except working during "WFH" days. The folks that will leave are the people you want to leave. It was nice. But its time. Vicki needs to step up and lead for once.
@1kz I like a little sarcasm, but you’re not very good at it.
Given the poor financial performance of the company Oxy has no business having a hybrid work schedule. This nonsense has to stop now.
Thanks for stopping by Vicki.
All them fancy financial terms like earnings, debt, interest, stock dilution, ROE, etc. are simply distractions.
Keep your focus on employee morale.
Roll Tide
p.s.
Since we don't come into the office everyday, shouldn't we get an allowance for the coffee that we don't consume but are entitled to?
"Viki doesn't allow layoffs"
A bit like how Exxon never does layoffs... Until it did (and fired damn near half their org in many functions).
If you have more people than your peers to do the same work, you have a target on your back. They may not hit that target today, or tomorrow. But they tend to get to it eventually. Leadership "promises" be damned
They need another VSP to get rid of those who will retire soon anyway. Then they can high grade the workforce by hiring from those laid off from the majors. Once a younger higher quality workforce is in place then have the massive lay-off. Make sense.
Why is it so hard for you guys to understand Vicki does not allow mass layoffs at Oxy? She has said it many times and layoffs just don’t happen. I know for fact that people are let go for not performing, but those are usually one offs as needed. If she had pressure from the board it would of happened big back in 2020, but everyone took a cut in pay and we made it through those tough times, and our pay was put back in place. Not having layoffs like many do is really part of the Oxy compensation package. One performs their job and gets pay, benefits, and no layoffs. It is really not that hard to understand. She is unique when it comes to not laying off people. Imagine that, a CEO that does not want the employees worrying about being laid off, and instead believes in keeping them focused on work. I have seen this from her for years now and believe she understands employee morale better than most oil and gas CEO’s. When she retires it might be a different story with a new CEO, but while on her watch I think she has proved she follows through on not having layoffs.
@1hw
Exactly!... Finally, a sane person on the board. Oxy isn't a day camp, it is a for profit business. Put the avocado toast down and realize that. There will be a house cleaning, mark it on your calendar.
It's funny that we celebrate OXY having cushy lifestyle and not laying off staff.
We're held to the same unit cost benchmarks as our peers. You can fight against gravity for a while, but at some point your board will require you to clean-up your house. The more cluttered that you've allowed your house to become, the more painful the subsequent garage sale.
And, its worth noting that XOM, CVX, COP and others have cut costs and staffing while growing volumes. OXY has cut volumes while growing staffing. That's a really ugly spot to find yourself in.
@1ee Not sure where you get your data on people not wanting to work for Oxy, but I see many that do on a daily basis. Oxy has great benefits and the work schedule is a plus as well. I came to work a fews years back and did have to take a salsry cut, but the company I came from really overpaid employees to industry standards. Fast forward to now and my salary has increased a lot plus the bonuses are nice as well. In the long run I have actually came out ahead and I have had steady employment for the past 10 years. Oxy had a small layoff since I have been here and there have been the occasional VSP, but there has been nothing in regards to layoffs like we are seeing at Chevron, Conoco, Shell, BP, etc. I would be willing to bet many off those laid off from those companies would take a job with Oxy. There are a lot of good hard-working people that want to work and are hurting now from the big company layoffs hitting the industry, so you saying no one wants to work for Oxy is way off as far as I am concerned. I am not in HR, but I would think they are getting hundreds of applications for each Oxy job posted.
Conoco hasn’t even officially filed an official Warn notice yet. They are likely delaying it to get people to volunteer. Oxy should just announce a 15% layoff and then sit on it for a while. I bet you would get plenty of people volunteering now. Problem solved.
@af nobody wants a job at Oxy bud
I would not call Conoco a real oil & gas company…
Oxy will become just another food item on the oil and gas buffet... One good belch and it's off to the next meal....
@18n But she who has no shame won’t leave.
There's at least one layoff that would visibly move the needle.
Wow.!.. Do you know how much company stock I acquired as an Oxy employee? Don't need a hobby ...I will enjoy the train wreck that is going to happen when the debt load is eased and the low stock price brings the sharks out. Save your money, you will need it. I will win because they will pay me more than the current mediocre value.
@154 So you are a stock holder not existing employee. The reason for lower stock price is debth load, until its paid off it will make very little difference in stock price. Layoffs will hardly move needle so it's pointless but for old timers of simple mind that is number 1 solution. It may move stock to above low 50s not that phenomenal.
Why don't you raise this issue during stock holder voting? I mean posting in Layoff board visited mostly by employees for fear mongering is very pathetic.
Here is the best advice for you get a life or hobby 😆
Stock is at $45 today... Anyone remember what Oxy was trading for in 2019? I'm pretty sure the people currently holding this stock do not care that you are fat and happy. When a corporate raider eventually buys Oxy and strips it's assets, you can remember the good times when you got paid and did little to move the needle. Got nothing to do with how I feel about Oxy's employees, it is just business.....
@m5 By your comment, it shows you do not work for Oxy. Oxy employees are happy with the balanced work program. In fact, we were hoping to have 3 days working from home last year rather than the two days we currently have. By the way, we are very happy and pleased with our ultra nice CEO, Vicki Hollub, whose exceptional leadership brings stability to the company. Oxy is one of the best O&G companies in the U.S.A. This is my 3rd O&G l am working for in my career and it is by far the best in everything. None of the top 5 Majors comes even close in terms of compensation, benefits, stability, and at the forefront of efficiency and innovation. That’s why Oxy doesn’t do layoffs like the others that are yearly or every other year. She knows how to run an efficient O&G business.
Oh yeah at your level if you see all the inefficiency please get with VH to change the schedule with yoyr nonexistant evidence. Atheists like you is why this great country is failing on this rock i will build my Church.
At your level you would not even be able to see degradation of efficiency due to the hybrid schedule. You are nothing but an insignificant individual in the organization. By the way what did you say your name is. I thought it was against company rules to post on this site. Wake up Man and see the truth and it will set you free. If that was somehow biblical forgive me because I am an atheist with platinum member status.
All the negative comments are from ex employees or folks working at other oil and gas companies. Sorry guys your companies are running by bunch of id--ts who don't give a damn about employees. Please go and spew the venom on your own companies Layoff board.
I have not met a single Oxy employee who is complaining about hybrid schedule, neither have seen any performance issues on these days. There is no added advantage of having people in office when most meetings can be run effectively or ran even better on Teams with all AI tools.
Why would they have a VSP when it is much cheaper to just lay people off from a performance based list of people. That way they actually keep talent. VH has to move on from being this ultra nice person and start doing the not so pleasant tasks of a CEO. And get back to the 9/80 schedule with no Monday/Friday work from home days. Covid is over so act like it. You don’t want people there just because of the hybrid schedule.
Please have a Voluntary severance program now.
To be honest things are not looking good for the industry as a whole and we will see what OPEC has in store for us. Oxy has been a great company to work for and we have a lot of very good employees that I have met over the years. The legacy Oxy and legacy APC both have been a pleasure to work with and we have some great young and mid-level employees. Before layoffs we need to offer a voluntary layoff first to take care of that portion of the employees before a general layoff. Employees that are 55 and over that qualify for early retirement could take the bulk of any layoff and save jobs for others. I am in that bunch and will move on to help keep from any large general layoff. I have had my time and if it saves a job or two for the younger ones then even better for the company. I could not of asked for a better employer for the last 10 years. The US job report today looked bleak with only 22,000 jobs added for August and that is for a country of appx 350 million. Plus, the revisions will show even less jobs added for the previous months. I can retire and will if given the chance, and the current climate is not what I want any of the younger Oxy employees to face right now. We have a very strong group of 30-50 year old employees and it is their turn to strive. As well we still have a lot in their 50's that can offer guidance and direction for the younger ones.
Why would this company ever have layoffs now that have declared in their actions they don’t care about the stockholders.
@e2 this post tells you all you need to know about this former employee. Read it carefully and you will understand why he/she has so much rage.
@af You are really a piece of work wishing the worst on your fellow human beings.
You don't have issues when YOU target certain people.
If Oxy was driven by peer pressure they would be having layoffs this year.
@an You are half correct when you say “so they accumulate employees like junk in a garage”. Sometimes junk just accumulates without you being aware. Then, as you know personally, when you find that junk, you’d put it in a cardboard box and take it to the curb to be picked up with the rest of the trash. It doesn’t stink up the garage anymore, it just whines on message boards.
You say that "VH may soon have some tough choices to make."
But, as @af+1k48f6f42 very clearly explained: "We have a CEO that actually cares unlike the big boys that treat their employees so bad."
So why are you even talking about layoffs on a site called TheLayoff.com ?
Asking for a ( very terrified) friend,
Appreciate the insightful heads-up. I'll make sure to grab my "I Luv Vicki" coffee mug and bring it home to safety before it's too late.
Anyway, thanks for stopping by.