Should I take how quiet it has been around here as a good thing or as the calm before the storm?
14 replies (most recent on top)
Layoffs will be announced along with quarterly earnings at the end of this month. I’ve heard Matt Fox will be first to go. Analysis paralysis finally bites him in the rear. Ellen D. may also be gone soon, though she apparently has compromising photos of Ryan.
No lay-off in 2020 in COP, enjoy the rest of 2020
What is cheaper, a lay-off or a volunteer severance package?
Those who over spent in the past and were rewarded for it after flat lying about what had been accomplished should be gone.... but they’re not. You know who you are and should be ashamed.
Maybe layoffs and dividend cuts....
Yes, there will be layoffs—and soon.
This company is over staffed and under managed. It’s run by people who have wasted countless billions on hairbrained ideas. They can only deliver “good” results when oil prices, which they really don’t influence, are high.
Stockholders are leaving this company in droves, I think the main reason is that the employees do not invest in the company.
When company participation is below 5% why would an investor have an interest in a company that is failing.
Their own CEO sells his stock as soon as he gets it...Why would an investor want to put money into this company...
As the stock continues to sink, the people at the top will continue to say how great things are..
They have went from 18k employees to 11k employees in the last 4 years and the stock is still a horrible look at the way incompetent leaders have done for this company
I wish we could wager because I would bet a grad there is NO RIF till next year.
Next year is the sell out or buy a lifeboat year.
Parallel and multiple engineering stove pipes need the be looked at. Positions such as advisors and fellows need to be given some serious scrutiny along with upper level pay scales. Impacts need to be at the upper SGL levels.
If oil settles in low 30's layoffs maybe back on the table.
The EOI only allows the Good People to leave and the c-ap people to stay, so there must be a bunch of c-ap people at COP... they have done this for the last four years and all that is left is the c-ap employees
No layoffs this year. (Well, no more). The company is taking a “wait and see what happens after Covid” approach. If you were waiting for another EOI, you’re out of luck until next year.
Hoping they offer a voluntary package again soon before trigger any layoff. Good package is not a bad thing.
I'd lie if I said I wasn't worried.