Thread regarding Denbury Resources Inc. layoffs

To Stay or Go?

Looks like people are starting to leave which has me thinking if its best to stay or go now?

There are so many unknowns in staying, I was talking to a friend that worked at XTO when XOM took over and said immediately they had to follow their policies (work hours, no remote days, no bonus, etc.).

I think it's safer to poll here than to ask people in the office - thoughts?

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| 1971 views | | 8 replies (last September 19, 2023) | Reply
Post ID: @OP+1ou4wCBl

8 replies (most recent on top)

Sure

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Post ID: @cpgp+1ou4wCBl

Actually, if you're in the bottom 10% the 3 months is given. The change of control severance is only if your position is eliminated. Nice try.

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Post ID: @cugy+1ou4wCBl

Severance is good up to two years. Nice try.

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Post ID: @cnln+1ou4wCBl

Once the acquisition is complete there will be no severance from XOM. If they want to get rid of you they rank you in the lower bucket and give you 3 months pay to leave.

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Post ID: @bfka+1ou4wCBl

For me it wasn’t @XOM and all of their policies. It was XTO people in management positions who stiff armed @XOM early on. Just rip the band aid off and lets go. Also a few onlyntook care of themselves early on.

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Post ID: @5tqr+1ou4wCBl

If you find what you think will be a better job, there’s no reason not to leave as soon as the deal closes.

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Post ID: @1pbz+1ou4wCBl

No sense in jumping ship now. Wait til Exxon takes over, then at least you can possibly get severance.

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Post ID: @1wva+1ou4wCBl

There was no remote days when XOM took over XTO. That was literally 10 years before covid. With that said, no shame in looking, they dont care about us.

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Post ID: @cdg+1ou4wCBl

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