I just heard from several verified sources within the company that they are laying off hundreds of employees starting today, 4/13/2020.
10% from Operations and 25% from Corporate.
I have also confirmed that they let at least one of their Vice-Presidents of Operations go.
16 replies (most recent on top)
After laying off 25 % of their staff, myself included, DCP made the Fortune 500 list. So doing soooooo poorly they lay off so many people, but doing so well they make the Fortune 500 list...
Are they filing for bankruptcy?
Dcp can’t even get this right no severance package today blaming it on ups.
V The article has a paywall
Denver Bus Journal
https://www.bizjournals.com/denver/news/2020/04/13/dcp-midstream-layoffs.html
While they may still have jobs, I am woeful for the remaining staff, unless there are plans to idle plants and gathering systems. The Voluntary Separation Package from last year cut into the bone regarding staffing and efficiency; I can only imagine the toll this recent round of layoffs will place on the remaining skeleton. And with the current market situation, these folks are trapped as it is. Good luck to those who "made it".
Well at least the Executive Committee unanimously voted to reduce their compensation and STI that's got to make everyone feel better
I was laid off from the corporate office in Denver this morning. I received a 5 week severance. Feeling very blindsided.
Was let go this morning; had just sat down to work when got a call from my boss. Blind-sighted.
I was a essential worker until today. One call later not so essential.
15% not 25%
I got the call this morning myself. Let go!
The company must be in serious financial trouble
Got let go from the SOK area. Bad deal for sure, was a great job.
I work there and we had a call today mid morning telling us if you were on the call, you weren't being let go. Lost alot of good technicians on the pipes
It's true, I worked there until this morning - 25% of the company - around 600 people were let go today.
I currently work for DCP at the Goldsmith Plant. We were informed that there will be 300 employees laid off. I spoke with an engineer, from Denver, that was laid off and he said at least they received a small compensation package upon termination. That's all I know for now