Or not.......
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Looks like we may be "safe" for another two weeks.
Anyone know how big the layoff will be or what areas they will be focusing on?
Payroll is ran on Wednesday which is probably why layoffs are on Tuesday's.
It's always on Tuesday of a pay week because of payroll.
Maybe it's a poorly timed coincidence.
Weird EH&S is still having their annual conference in mid-Sept.
All the executives can't even smile right now they all are stressed out. It's just part of this business unfortunately it goes up and down and you gotta ride it.
Corporate event for mid-September postponed to "better align with company needs", eh? The writing's on the wall.
Anyone know why it's always a Tuesday of a pay week? Guessing its accounting related...
But, but I read shale oil is profitable at $20.00/ barrel. Never mind that Chk was cash flow negative at $100.00/barrel.
Ha ha ha, wait another 9 months. Take a look at the balance sheet, there's a line item at the top called Cash. CHK burns over $1B each quarter with no positive cash flow from operations. Let me know how the company will hang on another 9 months burning at that rate?
I don't think we can afford to wait too long...
Archie talked about downsizing right after he took over Chairman back in 2012, and it took these tools until summer 2013 to finally have a serious round of cuts. You won't get laid off for another 9 months at least. Keep suffering, the payout is worth it.
2 months severance is all they are doing regardless of experience. everyone getting canned is on a performance imp plan and being canned with reason so they are lucky they are getting anything at all. poor performers next week and then look for another 10% cut in october for all the people that didnt fluff hard enough. 20% across the board.
@Anonymous141542
Technically it was only one month of "severance". The additional 60 days was the notice period required by the WARN act. You are still on the payroll for those 60 days, but not working.
Much easier to find another job back in 2013.
Everyone got 3 month and 401k only vest if it's been 5 yrs. I got prorated last time, aka peanuts.
Bright side I make more now. Good luck
full stock vested, 6 months total pay paid as normal. Leftover pto paid in full one lump sum, why the f*** would anyone not want to take that? More than enough time to get back on your feet and find something else.
I don't see how anyone can be hopeful for a layoff. Blows my mind.
I'm assuming since they just a had the big meeting on Saturday there's no way they could get packages together that quickly. I'm hearing mid September...
Fingers crossed!