Oil and gas is slowly making its way back. i just have to wonder did Devon act too fast. i had many good friends and it now feels that they are being replaced rapidly. Did we really save that much money when you consider the severance package and the knowlwdge we lost? i have no trust in our leadership. they are not wise. Save all you can beacause more bad news is just aound the corner.
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I was laid off last November, 2016. I get severance checks until December of 2017. Costing them quite a bit.
Welcome to the oil industry. Our leadership likes to pretend decision making is rational, scientific and forward thinking. In truth it's a gold rush, herd mentality. Been like that for a long, long time. Shows you want an MBA is really worth.
You would think that leadership would be able to make sound and rash decisions projected 5 years out, 10 if you half azz know what your doing. Post 2014 analysis shows impulsive actions based on panicky short sighted acts of self preservation. Careful accepting an offer during a dead cat bounce, actual landing is gonna burn
I am convinced HR has an official, yet undocumenred, policy of no hirebacks. And, yes, they spent a ridiculous amount of money on recruiting, then severing, then refilling those positions. They did all to please the pinhead analysts on wallstreet.
I have wondered the same thing the cost of severance then hiring new people, and the training they have to go through. Would like to see how much was really saved.
i just my job back:( i loved working at devon