Thread regarding Noble Energy Inc. layoffs

Source from layoff

A source that was laid off advised me they were given a packet that showed position and years of experience and it was close to 2100 people in Houston.

This employee was legacy "Samedan". He was told he was safe on the original estimate, but was advised when he was given his fate that more people than calculated were let go because Drilling permits in Israel were lost.

A couple years ago, they took away his legacy pension plan he was grandfathered under. Noble never had a reputation for laying of "lifers". That is why he stuck it out and embraced thier philosophy of running lean.

New management went on a hiring spree in 2013, and it hurt once the price per barrel dropped below $70 combined with the lucrative permit.

They used to care about their people, but after the company went public, it became all about the shareholders. People of all ranks and experience levels were let go. Layoffs are never fair, but directors-managers were less than honest. Loyalty does not get you anywhere with Nobel anymore.

I grew up wanting to be legacy there, but decided to chart my own path. Once the Corporate office left Ardmore the family owned and operated left with it. As an outsider, hearing for 3-4 months there were massive layoffs ahead found that anything but professional. Either tell people they have until such date and to start looking or don't tell anyone at all.

This is far from Jim Woodson used to treat his people. I remember how he had company picnics at his house and how he valued all people.

by
| 891 views | | 14 replies (last April 20, 2015) | Reply
Post ID: @OP+AUyyzNn

14 replies (most recent on top)

How long does it take to receive the severance package?

by
| | Reply
Post ID: @cet7+AUyyzNn

The Lucky ones were sent packing with a nice severance package :)

by
| | Reply
Post ID: @9odU+AUyyzNn

Kim Jong Un and his Lieutenants in the Subsurface Team are anything but Professional. Work ethic doesn't count here anymore - all that matters is being in the "Click". Upper level management better take notice soon - people working part-time getting paid for full time work. Noble used to have a good reputation but no longer...... SAD. Lloyd Noble's mission statement always comes to mind - what a joke that is to this team.

by
| | Reply
Post ID: @9mKx+AUyyzNn

This company is so far past the ditch they couldn't find their way back to it with a spotlight and a trend map. Us underlings know we don't have to put up with the politics, poor decision making and ego trips regardless of market conditions. My 'trained intuition' says thank you very much for the package and the exit ramp off the sinking ship!

by
| | Reply
Post ID: @2sPc+AUyyzNn

That GAP garbage is nothing but BS. Biggest waste of three days I have ever seen. I am sure it costs Noble hundreds of thousands of dollars. Noble sticks everyone in their little silos doing the same thing every single day and then wants you "think outside the box". There is NO break through thinking going on in this company. Look how creative they were with their answer to low commodity prices. Lets just layoff! Very creative! There is some "Break through thinking" for you!

by
| | Reply
Post ID: @2vrY+AUyyzNn

Saw things go from bad to worse as Cunningham's head got bigger and bigger. Wish I was laid off. I now have to deal with the new regime which means arogant managers who don't understand the subsurface and if they do they take your ideas and promote them as their own.

by
| | Reply
Post ID: @19TN+AUyyzNn

Cunningham and her lackies have with their GAP BS driven the company into the ditch. They replaced proper geoscience with their Breakthrough Mumbo Jumbo. It is only going to get worse. I'm happy to have been paid to leave. They laid off those that had not drunk the GAP kool aid.

by
| | Reply
Post ID: @1koG+AUyyzNn

Clearly the goal was to get rid of older employees. They may have found some "sacrificial lambs" in the younger employees just to balance things out. However, they will just replace them with a batch of new college recruits this summer. They are not stupid and they don't want to be subject to an age discrimination lawsuit. However, I know some attorneys who are looking at this with raised eyebrow.

by
| | Reply
Post ID: @1tKV+AUyyzNn

It was before Stover but he is part of the issue but not the driving force. Sad to see all the knowledge and experience get sent out the door and the ones left don't have a clue. Once Ardmore is closed more knowledge is gone and there is no getting it back with these young guns who just entered the work force.

by
| | Reply
Post ID: @1dH2+AUyyzNn

Ever since Stover became in charge, all has fallen. All employees have bad attitudes now since he became in charge.

Stover is very self-centered. All he cares about is himself. When Davidson was in control, all was going real smooth.

You watch, Stover will ruin the company in due time.

by
| | Reply
Post ID: @1Npq+AUyyzNn

It is politics. I was laid off. Never once was I told that my performance was substandard. Got good year-end reviews nice raises and bonuses. Then a severance package.

by
| | Reply
Post ID: @KCO+AUyyzNn

It's all about politics at Noble these days. Certainly nothing is merit-based anymore.

by
| | Reply
Post ID: @IEw+AUyyzNn

When the manager doing the laying off is basically reading from a script and not looking you in the eye... that shows real class. Oh.. and thank you for the free box and the ride home. It wasn't humiliating at all to get in a car with the entire office looking out the window - should have just rented a party bus with a keg.

by
| | Reply
Post ID: @c2e+AUyyzNn

This size of a layoff would have never had to occur had those entrusted in running the company have understood that Noble is an Oil and Gas company and not a image marketing firm or a firm for educating and training college graduates. Certainly there is an important place for PR and bringing in new employees however, there has to be an equal value and balance to remain viable in the market. Be careful not to be greedy, history does repeat itself. To place all of the focus on the price of oil is to not learn from the poor management and business decisions made when the price of oil was at the highest. Why were efficiencies not being looked at in anticipation of a rainy day. First pride, then the crash - the bigger the ego, the harder the fall.

by
| | Reply
Post ID: @EE3+AUyyzNn

Post a reply

: