The association is now forecasting there will be 25,110 fewer jobs this year than last year -- a 50 percent decline in overall jobs in the sector. Its just too expensive. Devon will be selling all of it Canada interest. Layoff have already started and will continue to the end of the year. This should put Devon in a better spot and save job US corp office.
4 replies (most recent on top)
I refuse to buy this. Devon is 100% job security. That's what I signed on.
Yeap the New date is September 28th. Just finished the quarter and budget have been set for 2016. Everything will be cut by 50%. Company will have to get by for a year and hope next year for oil to come back. Stock price could will drop to under $10. May have to look overseas and dump North America.
lol. Even at Chesapeake? People. Get real. EVERY oil and gas company is going to be shedding good people like crazy between now and the end of the year. Even into next year if pricing doesnt adjust up. Good people are everywhere. In our company and across the industry. Those companies that don't shed people will be the first to sink. So pray we shed people soon because cash is depleting. Quickly.
That's why you should feel blessed to work at Devon corporate. There are some good people in the Canadian operations. Across town it's looks like Chesapeake is laying off 900. Hope the industry turns around because there are some good people even at Chesapeake.