Has there been any new info?
14 replies (most recent on top)
And get rid of the managers that don’t know how to manage people. Make managers that can’t seem to handle managing/talking to women (and therefore only have male employees reporting to them) ball up and take responsibility or demote them.
Let’s hope Oxy gets smart and cuts non-essential managers first.
Just get all ya’lls ducks in a row is all I gotta say. Good luck out there!
Oxy, just please do what you can to get the stock and the dividends up. This is no longer a funny game. You have impacted people financially and emotionally. If you have to sell assets or lay people off without a big severance just do it.
In an ideal world mass cuts should be done on the basis of both function/skills need and performance. Would you want your department to keep slackers who’s jobs could possibly be filled by other people? Probably not. Likewise you would not want them to keep good performers who are not needed because their skills do not fit in anymore. It is an optimization problem.
I hope we don’t have mass cuts. My department is really busy and we had a lot of people leave with the VSP offers. I wish they would do another and let the people go that want out. A lot of us want to keep working even if we have to move to other jobs. The benefits and the money are still good as far as I am concerned.
$10 a share before she opens her stupid mouth is weak
The results will be even weaker
Cutting headcount will be the only positive to stop the stock nosediving you id–t
Ok. Along the lines of the subject.
What are you going to do when you are laid off?
"Griping", For everyone who was ready to pounce on me for missing the mis-spell.
Finally I thought, a post about layoffs on a website about layoffs. How quickly it reverted back to its normal state of name calling, political fights and just plain moaning and gripping. But I blame myself for thinking that it could have been different this time.
You cannot infinitely lower corporate and income taxes, the crumbling infrastructure around the country among countless other things are a testament to that. Every single tax cut initiative since Reagan has resulted in recession, the Laffer curve turned out to be a giant laugh as we found out when you tax less people don’t spend more, so instead we expanded credit and deregulated credit stipulations which has resulted in the largest asset bubble in history and it’s about to pop.
Increase in corporate taxes will hurt the average company (and the stock market), but not so much Oxy. Even if stupid Oxy becomes profitable again it will have many billions in tax-loss carry forwards to offset those profits. Bravo for management!🙄
Hopefully lots more. End product of a high disaster track record, fatalities, work place hate and bullying, significant incidences, incompetent and bigoted staff on every level and disgraceful business decisions across all assets.
Won't be announced until after earnings call. Otherwise, it will be precieved as weak by the market.