A while ago it was worrying because people were leaving all the time. All my great colleagues have found their way out. Well, now all of a sudden I don't hear the news that anyone has left.
Either the departures have slowed down a bit or there is no one left to leave? What are your observations?
12 replies (most recent on top)
There are no 18-month severance packages and never have been. The most you can hope for unless you are an executive is 12 months and that is if you are a 25-year employee. It is the standard 2 weeks/year service with a few age kickers in there. Don't believe the other BS.
They'll do what Apache is excellent at doing: firing expensive employees without considering or bothering to find out how much value those employees add or how much they keep things afloat. And then months later things will start to crumble in a particular group and HR will have to work with the managers to fix it.
This happens all the time and is currently happening in several groups thanks to our trigger-happy execs and their desire to have enough money for all of the hand lo---n and hair ties they need to keep our (understandably) pi---d shareholders from dumping every share of APA they hold.
I haven't heard of anyone from Midland with more than 12 months and those have been here for a while. I do however know of someone from Houston who got more than 12. He didn't say how much but definitely confirmed over 12 and was not a protected class other than being over 40. International of course get 24 months regularly.
Companies don't have to pay any severance. Take a look at Equinor as a recent example.
Yeah well, the average person isn’t going to get that, so stop dreaming, and stop getting gullible people’s hopes up with misinformation.
If someone got 18 months it’s probably because they’re in a protected class, or executive level, and the company knew they had to pay big time money to avoid a big time lawsuit, or that level of severance was in their executive-level employment agreement. Or maybe, they would be under a non-compete or confidentiality agreement that would make it difficult for them to find work after parting with the company. Again, not typical situations.
This company, as most any company will, will pay the minimum amount they have to, and it’s not going to be 18 months in the majority of cases. Think critically people.
I know two who got 18 months. One from Midland and the other from Houston from the last year.
No one cares 18 month severance guy. Unless you actually have something constructive to add, go away.
Wishful thinking on 18 months severance.
My previous post about 18 months severance got removed again. Why?
They're still leaving
I agree with the previous comments. I've never worked for a company that had such bad moral. To the point where people who want to work in the office don't because it's no longer enjoyable. Trust has been broken, communication isn't open, layoffs and firings have been rampant, not promoting from within and the list goes on. People stay for the benefits but at a high cost to Apache as they're severely under motivated. It all started with Project Ascend.
The more I type, the more I realize how depressing this company is.
From my perspective, it’s seems that most people are disillusioned with the company, management, mess of an organizational structure, and work environment. People are generally unhappy. The background stress over feeling like you could be laid off or fired at any time for any reason based on past precedent adds to the tension.
I think the company has done nothing to make workers feel like they have at least some job security again (probably on purpose to keep us from getting too “comfortable”), but holding people under constant stress, as they have since Ascend began in October 2019 only works for so long, and now people are burnt out, checked out, and demotivated.
Overall, I’d say this is an unhappy workforce, which is obviously bad for company performance, upper management is either clueless, doesn’t care, or both.
Lack of better opportunities keeps people stuck, and it’s how a lot of people feel. The oil and gas job market really hasn’t picked up to the point where there are compelling enough opportunities to leave.
The calm before the storm.