Thread regarding Occidental Petroleum Corp. layoffs

Paycuts coming again

Did everyone catch the fact that the email says:

"Maintain capital activity at current significantly reduced (or lower) levels through the remainder of this year and likely into the first quarter of 2021"...

All that means for us L-APC folks is we're going to take another 25% pay cut (at least) when August rolls around...

Oh, my motivation has never been higher!

If you qualify, do yourself a favor, ask for 12-18 months, and roll out! I only wish they would make GOM eligible, but they know if they did it would be a mass exodus...

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| 3121 views | | 5 replies (last May 13, 2020) | Reply
Post ID: @OP+14VPhrb1

5 replies (most recent on top)

VH ruined two great companies because of her greed. She ruined a lot of people lives and destroyed a lot of talented people. I hope it all comes back to haunt her.

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Post ID: @1gbg+14VPhrb1

Are you seriously that stupid that it took this email for you to realize that you were going to get the full 30% cut (at least) come August? Wow, that's next level dumb.

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Post ID: @1sss+14VPhrb1

Why 12-18 and not 24? I think we all need to put in for 24months and get off this sinking ship!

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Post ID: @1yul+14VPhrb1

I agree, I'm just concerned on how low they will go. My fear is 50% pay cuts and no match on 401K, Things look pretty bad for those of us stuck with Oxy.

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Post ID: @isg+14VPhrb1

Hmmm. you and I seem to share the same gut feeling...

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Post ID: @mpl+14VPhrb1

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