At least we got included in new corporate name with the +
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Is the plus sign for plus sized? Are they only hiring plus sized employees for diversity points?
SS fiduciary responsibility is to the Stockholders of Pioneer Natural Resources USA Inc., and he cut a really good deal for 250.00 a share, especially when you consider in the last 6 years Pioneer has been as low as 49.00. Unfortunately, the employees come second, the value in acquisitions is the minerals and the Qtrly. money that is spun off in profits. SS always said that everything Pioneer has is for sale if the price is right, and he delivered on that promise. Some great advice given in these comments on path forward and you have 6-8 months to plan and prepare. But don't forget IRS will take 38% of your severance package, which will most likely be 12-18 months. For those that are new to the oil industry it is a commodity driven business, rags to riches and then rags. I worked in it for 40 years and am 3rd generation petroleum, put your money in the bank
You are so screwed! ExxonMobil has a top down and insular culture which puts many incompetents in middle level positions. The management has only worked at Exxon and we are outsourcing everything. They will keep nothing good from company and XOM is in capable of positive change. You will be introduced to the PIP which are layoffs in disguise. Welcome to hot desking and other the loss of all your current perks.
If you have profit sharing now that will disappear. Just ask your XTO friends how that went.
If you are younger and a better offer come up jump ship. Our severance packages are very stingy.
SS failed at negotiating in poke bowl. Failed us all.
That's better than a Poke bowl!!