Thread regarding Occidental Petroleum Corp. layoffs

People working here who are not acting ethically should just be fired for cause without severance pay.

@2tee wow such strong words. Any story to share to convince us?

Oxy help and support people who attack and persecute others for being born differently.

If you work for Oxy, don't you DARE lecture ANYONE on right and wrong and what ethical behavior is.

You honestly think a degree guarantees much these days? You are an id–t and a part of the problem if you think this
Most graduate engineers dont know sh– in Oxy

Shame on degreed professionals for claiming they don’t have enough to do. That is why we require degrees as a vetting process to make sure people can perform in an environment that sometimes involves creating your own ideas and useful work to help the team out. This may sound arrogant to those without degrees but it is not meant to be.

I think people just need to work hard and not be jerks. Oxy is not out to get people like you think. Now if you have a bad attitude that is on you. But I have seen a lot of people stay on with bad attitudes and zero work ethic. Also, go look at the Exxon site and see how many people they put on PIPS to cut the bottom 8% plus this year. Anyone can be put on a PIP so never think you can’t. As far as lawyers go good luck. People throw around lawsuits like it scares people, but very few end up doing anything other than collecting unemployment if it is not contested. From some of the comments on this Web Site about people not going to work that should get you put on a PIP. No matter if you have a COC or not. I learned a long time ago that you control your destiny. If you are not pulling your load of work that is on you. If you just can’t stand it here then you need to leave when you can for your own sanity. If you just can’t go because you don’t want to leave the COC then find a way to be positive and keep your job until Oxy is sold, or for some reason they pay your COC which I doubt will happen. I mean with good work and a good attitude LAPC have a job for two years. All the rest of us could be out the door today with zero severance. In these times that two year job insurance policy is worth a lot. That is why the APC EC put it in place. They took care of you guys for three years and all you have to do is be pleasant and work.

This is actually quite simple, the financing edifice which sustained fracking for almost a decade is gone based on risk assessment by the banks. Therefore you can’t simply “will” or “pray” the company stock value to grow without the primary source that previously sustained it. Combine that with the failed economic policies by the Trump administration and you’re forced to face the reality that we’re headed into recession/depression. The inverted yield curve in the bond market prior to coronavirus made our current reality worse and the FED can’t print money infinitely to maintain the status quo. Plan ahead and save what you can until the next bull market arrives, it’s not like you have a choice based on the current economic climate anyway.

Why are LOXY looking to destroy this company from within
Where is their strategy to get the stock price back to $60?
Has VH got any idea about how she is going to pay down the debt and return the dividend?

For most LAPC its going to be difficult to go from our previous PRP ratings to a PIP in one go without following the PIP procedure and more importantly notifying the employee of any failings and giving advice and encouragement to the employee to remedy any failings
Its not possible to go from "exceeds Expectations" to "needs improvement - PIP" in a year since the buy out unless you are bring seriously mismanaged by your current owner/manager or your previous employer/manager lied about your performance
If LOXY want to PIP LAPC they need to be prepared for either a CoC or a class action

If you are LAPC then every thing except 1 and 6 have been your norm since day one of the acquisition.

And its hard to be put on a PIP when your manager doesn't even know what you do.

Sure many are looking at f* the company. Different groups and functions.