Reading news articles today saying SWN is gonna layoff 376 from Spring office. Tha's 76 more now? Article says the new layoffs will occur on March 22. www.bizjournals.com/houston/news/2016/01/25/here-s-how-many-jobs-southwestern-energy.html
Check this out
Form 8-K/A for SOUTHWESTERN ENERGY CO 29-Jan-2016 Change in Directors or Principal Officers Item 5.02 Departure of Directors or Certain Officers; Election of Directors;Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. As... — read more
SWN
Let's be honest..... SWN blows.
Time to "lay of" the formula
I think now might be a good time to retire the formula . . . maybe a re-branding of some kind. Assets weren't invested wisely, it appears that 50% of the people weren't right, and the value of the organization seems questionable.
I was on FMLA and "my position was eliminated"
Time to lawyer up? I didn't think they could do this until I was cleared to work. And that won't happen until May at the earliest...
Attitude is everything.
Keep your head up. You did nothing wrong in not being cut loose. There are always key ppl left to keep the company going. The downturn will eventually end. If SWN goes into bankruptcy (like my company) the daily operations go on until reorg or... — read more
I'm the only one left...
...In my department. Monday is going to be lonely Hell and I don't know if I even want to stay. I wish I could trade places because I just don't want to the only one left. I just did not expect it to be this bad.
What the heck just happened folks?
What just happened to us? Why us?
Laid-Off Employees
Hopefully you folks weren't that bad of workers that you won't be able to find new jobs.
Kids and Credit Cards
SWN's VPs and most managers remind me of spoiled kids that grew up using Mommy and Daddy's credit cards. They never had to pay the bills they just sought personal gratification. Now they went and spent a bunch of money and look here, they have to pay... — read more
Senior Mgmt Layoff?
Does anyone know if any Sr. Mgmt. has been laid-off? I haven't heard of any so far. The mgmt at SWN was extremely top-heavy prior to yesterday.,,and apparently even more so now. I read another post that Mueller's pay and bonuses over the past few... — read more
Not a way to run a company!
With the markets, don't wait for Merrill-Lynch to contact you. Call them and control what's left in your plan NOW!!! Contrary to the papers you receive, You don't have to wait for M-L to contact you. Shame on SWN for letting go of the people that... — read more
Purchase of the WV property from CHK
I'm curious as to why SWN thought this was a good idea/deal? With years of downward pressure on natural gas prices and near record inventories, why would they take on so much debt at seemingly the worst possible time? Does anyone know the particulars... — read more
SWN Family?
I got the message from Bill Way yesterday and it was amusing in the sense that he tried to act like he actually cared. Gotta call bullshit on that one! I'm sick and tired of hearing these self-interested, greedy guys referring to the "SWN family". If... — read more
To the remaining employees of SWN...
Ask yourself - why am I still here? The answer...someone (ranked higher than you) believes in you and took your name out of "the hat". That person is probably dying right now because they could not take everyone's name out. Lets talk about this... — read more
Arkansas Layoffs
Any word on the field offices, specifically in Arkansas
Layoffs Today
SWN will let 1/2 of the staff go today and tomorrow.
Need some updates guys
Alright, how is the dust settling? is it over? I heard it was happening as early as start of day. Surely folks know by now who is gone and whatnot.... Any senior manager folks? hopefully a lot of them because there are way to many people that have... — read more
Layoffs Today
Good luck to all of the employees today. My source told me approximately 1100 to be let go today. Welcome to Wonderland.
40% of the SWN will be out
Sucks for those leaving and those who remain on a skeleton crew. Hope everyone displaced by this nonsense find stable footing soon. Good luck to all.
Old SWN culture has been replaced with the failed cultures from other failed companies.
Layoffs are coming. People that are saying they're not are either; lying, stupid or living with obama in his make believe socialist world! Hang on and ride it out is all I can advise. Upper management needs to man-up and fall on their swords for the... — read more
What's up??
You people are awfully quiet tonight. What's the deal? What's up?
Southwestern Energy Severance Pay
Do you think that they will be changing severance pay model? How likely is it?
SWN Layoffs
SWN is reducing all the brokers in each of their plays. All their rigs have been laid down. Large layoff before weeks end.
Why do people think Layoffs will be next week with SWN??
Why does everyone think this is going to happen next week? Please give info
If you don't think SWN is letting go of employees soon, you're a dum dum.
If you haven't noticed, natural gas prices are "fantastic" right now. Maybe we can diversify. I'm sure something can be done with all the bone marrow and teeth that emerge from the layoff meat grinder next week. Butcher shops, Grand Parkway asphalt... — read more
Helpful link for those in Houston
This will come in handy next week: http://www.twc.state.tx.us/jobseekers/applying-unemployment-benefits
So what have we learned in 2016 at SWN?
We have seen the ceo "step down". The head of HR has been let go. The stock has continued to tank, and we have 0 drilling rigs running throughout the whole company.... What's next?
Oil and Gas is Cyclical. Always was, always will be...
Boom and bust are the nature of the business. SWN has been fortunate to have been "booming" for as long as it has, but the realities of a commodity business can be brutal, so retraction is inevitable until such time as prices recover. SWN's situation... — read more