I thought it would helpful if we have a single place for people to post their offer feedback along with their years of service. Maybe we can start mapping out how generous (or not) management is being with the offers they accept and deny.
Include:
Months requested,
Accepted or denied ,
Years of service ,
LOXY or LAPC
Also, don't forget you are getting your original salary before the 30% cut, so that adds some months there. If actually laid off I would think they would use your current salary.
I think you have to look at something like below, and it tops out at a certain amount of months no matter how many years. This looks to be inline with the enhanced severance up to 9 years. I don't think this was ever meant to be a windfall type VSP. If you have another job lined up who would not want the 7 months and walk into another job. The LAPC is a whole different story when looking at this offer. You kind of have to take them out of the picture, and look at this as LOXY. It is better than the regular severance. Even if you are close to retiring or don't want to comeback to the covid world it is better than nothing. I think we all might be a little spoiled, and if they just walk in and cut 0-5 year hands with 3 months severance this looks a lot better.
0-5 years 7 months
6-10 years 8 months
Who is their target for this plan, LOXY employees with less than 3 years??? No one else would accept 7 months!!!
Not a sound theory, I-love-lamp.
"payments will be paid [...] on the next regular payroll date that is 30 days after the employee's resignation"
Leaving in June would make 7 months of severance still being paid out in Jan 2021.
Bottom line, they don’t want to pay anything in 2021. It seems the line is drawn in the sand.
Anyone get approved for 8 months?
Looks like seven months might get you out the door. Below are some of the more reasonable offers. The top two accepted a 7 mos, and the rest denied.
LOXY - 5 Yrs
$100-120k
9 Months denied after 24 hours
7 Months accepted after 24 hours
LOXY - 1 Year
denied 12 mo
denied 10 mo
accepted 7 mo
LOXY - 3 Yrs
10 months
150 k
Denied
12 months
$100-120k
2 years at LOXY
Denied
LOXY
10 years
$170k
18 months
DENIED
LOXY
5 years
16 months
Denied
Under $100k
LAPC
3 yrs
100-150K
24 months, denied
L-APC
6 years
Offered 16 months DENIED
$100kish
LOXY
8 years with the company
Asked for 20 months
Denied on Tuesday
Coworker with 1 year Oxy, 10 year industry:
Said ~48 h between each offer and acceptance/denial.
S/he seems very happy.
LOXY
$100-120k
9 Months denied after 24 hours
7 Months accepted after 24 hours
I think people should resubmit the offers right at the deadline with a high offer. At that point, they know you won't be refiling so it might have a better chance of being accepted.
Seeing all these "denied" just means this is a one way street type of thing for Oxy. You have some HR jerk making decisions about a person's work future. They are going to come in low until you accept and then get a "good job" from their boss. The one think I have never understood about HR is how they screw the employees and don't see that they are screwing themselves. I think one of the main reasons this is being offered is because they are giving people an out before having to return to work, and playing off the fears that going back to the office will create. This can be a big decision for those with bad health and are older. I would be totally surprised if there were not layoffs and a restructure before we all return to work. I have heard high ups first, so with none of in the office they can lay out their plans going forward. VH said there is around 600 million that needs to be cut from the budget in G&A and that is most likely some of us for sure. I feel shortly after the last day to submit the VSP they will come out with layoffs. I am not going to give them a cheap out and not be able to get unemployment, so I will just wait for the layoff.
@7emw+14XPz0vc Ok boomer
This is attempt for OXY to get rid of people who are desperate, already have a job lined up and were leaving post bonus, and ppl who are weak.
LAPC and I submitted a few offers. First was a hail Mary and the offer 3 or 4 were reasonable offers. I calculated my COC and made I sure I was significantly under that amount but still enough months that at least if the uncertainty of covid was still there and the job market dried up I at least had enough paychecks coming in and I was still denied. At this point I knew they were just looking for dummies. You would have to be crazy to submit less than a year and lose out on unemployment (which is amazing right now). For apc u miss out on that 6 months of insurance that would be clutch, so no matter what they think your offer has to keep insurance and lost of unemployment in mind. Guys don't be weak. Stay and ride the clock and do the bare minimum. They will be forced to do layoffs because they will not meet their numbers. From what I'm seeing here we all have self worth (most of us) and are not submitting low offers.
For LOXY if I were you I would submit hail Mary offers and let them deny and wait for them to lay me off so I can get a few severance checks and unemployment at the same time.
LAPC get ready for the marathon. They are about to jerk us around pretty good. 30 percent cut in August that I'm pretty sure will be permanent since we make more than our horizontal counter parts. Changing ur home office to gw, and changing ur title or position. It will be a way to force u to quit by bypassing the coc. If they do it just f— up your job. A few f— ups and either they will move u back to where u were. Prepare for no bonus and use ur cash stock as wisely.
LAPC this is Vegas. We just have to hope they get bought or get super desperate and have to lay ppl off. We need to start leaking oxys behavior and how the morale is terrible. Let the journalists know the kind of tactics they are pulling for bad press and low stock price. Let's expose this company on the way out of here. Worst case scenario is all of our stock vests by the time our protection is up and we have a job set up for a week or 2 after our protection is up because at that point it won't matter anymore.
10 months
3 years loxy
150 k
Denied
My son was in oil and gas... as am I. I’m too old to get out... what else am I go to do at this point but try and hang on. He was laid off in 2015. I begged him to get out and find something else. He took my advice and now has a much better career in tech... more money much better career trajectory. Yes young people please find another field. You’re going to be 50... laid off, kids in college, no real hope of doing anything else. Do it now!
Rejected three times. Each time lowered by about 3 months started around 15-16 mths.
If there’s hardy anyone being accepted, why are they doing this?
@7krq+14XPz0vc Get over yourself dude. Sounds like an all important millennial who believes he is the “best” employee ever to grace OXY.
Maybe? Does no one know anyone in HR that could leak some of the criteria that they are looking for
Back to the issue at hand. Have made multiple offers progressively going down, now at 17. What is interesting though is that HR is turning the solicitations around in about 24 hours. If they really wanted me to stay they’d just go radio silent until the deadline passes and then deny. So this is really just a big haggling match. So just throwing out there should we call HR bluff and actually RAISE the offer when resubmitting?
Nobody has a “ good future” in this industry. I would agree. Young oil and gas professionals should look to get out of this business.... unless you want 40 more years of this sh–.
“The funny thing is the young to middle folks that are good and have a good future are the ones sending in offers.“
Those are the exact folks who ought get out of this god forsaken industry. Do it now while you can still build a new career.
I think it's obvious they want to get rid of three types of people. COC folks, old expensive folks with 5 years to retire and excess fat (ex low performers or trouble makers). The problem is those people are the exact ones that want to stick around and ride it as long as possible. If you think the job market is tough right now, try jumping into it if you know you s— and just taking a paycheck or you are a 50 year old geophysicist. The funny thing is the young to middle folks that are good and have a good future are the ones sending in offers. Imagine what that says to executives when your best folks all want to leave. Lol
LAPC
14m
3yr service
$150k
DENIED
6-8 yrs
10 months
Denied
LOXY
12m offer
80-100k
7-9 yrs
Denied
No one is safe, especially the new hires. Take what you can and get out.
Lol respect to this guy for definitely putting enough detailed information to dox himself
@6fce+14XPz0vc why would you go from 9 to 6 months when you can clearly see that 8 months has been accepted most of the time? This is exactly what EC is hoping for.
start date: March 23rd
LAPC contractor originally
60k-80k (thanks for the 30% pay cut I received on my 2nd day as an employee).
1st offer: 12 months and denied
2nd offer: 9 months and denied
3rd offer: 6 months and pending
I want off of this game show and away from this sinking ship as soon as possible.
12 months
$100-120k
2 years at LOXY
Denied
@61n Obviously it doesn’t matter what people think they are worth. This has nothing to do with with what people are worth. It’s a business transaction. Nothing more, nothing less. If they can’t afford to compensate people a little bit more for sacrificing the right to file for unemployment, then they shouldn’t have done this in the first place. What they are expecting isn’t reasonable. Very few rational people would be willing to walk away for less than the published severance policy at this point. And most of those probably have other jobs lined up and would have left anyway. Even if they laid people off with no severance at all, the unemployment benefits would probably be worth more than what they seem willing to accept.
LOXY
10 years
$170k
18 months
DENIED
People... I hate to say this, but please wake up! They clearly do not have the cash to pay out the normal severance policy, so the only thing they are going to accept is a request for LESS than what you would get under the severance policy, perhaps with rare exceptions. The people that got severance in January were severed in a completely different pre-Covid, pre-oil crash, pre-inability to sell off assets world than we are in now and you are comparing apples to oranges. If they could pay the normal severance amounts now, they would have already laid off masses. This is a desperate attempt to cut their losses at your expense, and it is only going to get worse unless we have a miraculous rebound in the price of oil. This is not about rewarding good performers with 12, 24 or 36 months of severance, its about bare survival for the company, plain and simple! You are just a cost to them at this point that they need to reduce in order to keep the company afloat, and unfortunately, they don't give one flip to shinola about what you think you are worth (as if this dysfunctional disaster of a company ever did). Best of luck to all.
This whole thing is just stupid, and a waste of time. They tell you no parameters, so what do they expect on what people are going to asked for. It is obvious we value ourselves a hell of a lot more than they do. There is not counter offer, but I would bet each one of us is in a database with our layoff severance amount next to our names. If you are close to that they then they approve it. I have been here 4 years and I bet the number next to my name is 4-5 months. These are not VSP numbers, but more like what we will get when laid off. Those that actually got laid off back in January are being paid still and making their full salaries. So they want us to take less than the people they actually laid off in my view. Again, just a waste of time and one more morale defeat. But I am sure HR sees it as a win because they have all our names now of who wants out.
I honestly don’t have a clue what they were expecting. I offered the exact number of months I would have been given if I had been laid off in January (minus the unemployment) and they rejected it. That is on the low end of offers being posted here. It is absurd that they would expect people to offer less. Whoever came up with this plan either has sinister motives or is just plain stupid. Maybe both.
Seems like no one is going to get accepted. Everyone is submitting high offers and time is running out. Seems like Oxy is only going to get rid of about 10 people with this deal.
The more denials I see the more I'm confused by this whole thing. If you want people to volunteer to resign, with no insurance or unemployment benefits, in an awful job market, of course we're going to submit offers of 15+ months. But obviously that's not in their range of approval. What a giant waste of time and energy. Can't say it enough how big of a dumpster fire this company and this integration has become.
LOXY
5 years
16 months
Denied
Under $100k
LAPC
3 yrs
100-150K
24 months, denied
L-APC
6 years
Offered 16 months DENIED
$100kish