Layoffs can't happen now because we need retain employees to develop all this new acreage we got today!
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Nice try CG. If only it worked that way rich boy.
Laggards are moved to "non-core" assets (anything not permian) and put in a holding pattern until they can be managed-out or the asset is 86'd. If you're not permian, you're expendable.
Dvn keeps everyone on initially, then lets the machine do its thing and identify the high performers and thought leaders to cut, thereby saving the face of the entrenched underperformers.
Your best bet is just to smile and nod and go along with that we say so you don’t become a threat to the establishment.
They typically keep the “yes men” kool aid drinkers.
Does Devon usually can the newbies like some of the others companies do after acquisition? Or do they keep some with talent or luck?
Negative. Maybe just more of a targeted layoff instead
More like this points to Permian/Delaware consolidation. Sales in other basins coming soon.