Management is only giving vague answers about the layoffs. No counts or timeline. Just wondering if we will get a 60 day notice due to projected totals everyone is discussing...
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Go to the last pages of the severance package and read the agreement they will make you sign when you accept the severance package it says you waive all rights to file WARN Act violation, and as everyone has already said, if you get 8 weeks pay in the severance, that covers it.
If they give the employees the 2 months in pay, they can get away with little notice, and the severance counts toward that. Wikipedia has a good summary of exceptions. They could also claim sudden change in business climate and be immune altogether. Bottom line, it could be any day of their choosing. They are changing their minds a lot about how big it will be. Who knows, maybe now they'll wait to see if Saudi and Russia decide to act, or maybe they'll decide its smarter to do it in waves so they can possibly change their minds before axing some more vital people. At $45 they wouldn't need to lay off. From what I heard, it's employees all together quick, and then management restructuring (layoff).
Search this site for WARN Notice, there is search box close to the top of the page
WARN act does not give specific employees notice. It only gives the population at risk notice (OKC Office).
The WARN act can, and often is, used IN CONJUNCTION with a severance payout. They are NOT mutually exclusive. Companies are still required to give the notice if the WARN requirements are met.
The WARN Act isn't applicable here, because everyone laid off will be paid enough severance to stay in compliance with the law.
The numbers are going to be significant - 30% in some departments, up to 50% in others. ~80-90% of all contractor agreements will end at the end of February. Anyone associated with the divestitures or necessary to execute the layoff will be retained until later in the process.
VPs and HR have been in non stop closed door meetings. I think Warren act says 2 months notice, or they are required to pay the people laid off for those two months. The standard severance is going to be more than two months for just about anyone. I think this probably makes them immune to the 2 month problem, but not sure. Correct me if I am wrong there. I do think the layoff will be big enough to qualify for Warren protections though. $30/oil, and Devon is loaded with fluffy Okie service project employment personnel that don't find oil, but collect oil influenced paychecks. IT is still massively bloated, and then there are all of our HR models, and plenty of people with backgrounds not suitable for their position that knew somebody. EOG has half the employees devon does, and is easily outperforming Devon. At $100 oil, there's some slack, but not at $30. Community service employment is probably over. It is probably going to be big. Just hope you're useful enough to be in management's good graces.
They are so incompetent they don't know are they doing
If you're a freckled, red-headed lease analyst with small boobs and buck teeth — you're on the list.
Seems only management are in high level meetings. Are the workers all going?!?
Many Contractors are leaving at the end of the month. I expect they are trying to figure out how to shift work smoothly before they just pull the rug out. If you have people asking for detail on what your working on and where your at , DA you are on the list. If your training has been canceled you are on the list, if no one is telling you anything you are on the list. If your are not on high priority meetings you are on the list.
60 day notice lines up with end of Q1