Everyone watched it yet? 20-25% through 2026.
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You owe the stockholders a full day of productive work for each day you remain. Quit sniveling and get back to work.
My fellow brothers and sisters. This is more egregious corporate boardroom greed than I could have ever imagined. This is not trimming dead wood. How far will you allow them to go? They like any despot will only ask for more. What happens after the 25%? Do you believe they will stop? Hardly so. Acquiescence only leads to more aggression. Buckle up my guys the ride will only become more bumpy.
I started my career at COP and had every expectation it'd be the first and last company I worked for. I wish I had been right in that assumption.
If you’re getting the boot it will happen in November. The 2026 piece refers to those who are granted their EOI and spend a few months in a transitional role.
If the CEO quits, he will be saving the company a lot of money and will help the share price. Replac
e with an AI robot that would make more efficient decisions
Another year of sitting around wondering if that project that you’ve been working on for the past few months just needs to be finished before you get the boot. Another year of watching all of you walk around with your heads and eyes on the ground. Ugh no thanks.
Will 20-25% of the ELT be laid off? I’m sure there are some redundancies.
$2/bbl x 2391000 BOEPD x 365 days/year = $ 1,745,430,000/year. At $300,000/FTE that would be 5818 reduction. Plug in whatever cost per FTE you think is appropriate. 25% won't be enough.
@ah that's addressed in the <4 minute video.
Does this include only COP employees? What about the former or Ex Marathon employees that were hired during the acquisition; are they also included in these plans?
Ahhh the comment “trimming” is in full effect I see
Genuine concern about being impacted /layoff over a contractor and them being hired FT. I am also curious if in the town hall tomorrow more info on which department and contractors? @a4
Nothing too notable in the video. All this for controllable costs increasing by $2/bbls?!?! Seems fairly marginal to me. Plus a lot of this could be explained by the ramp up of nxtgen and rollout. That increase in SGA should have decreased as the project implementers consulting firm rolled off the project.
With most of that happening by end of this year. . . . . .