Thread regarding Chesapeake Energy Corp. layoffs

Chesapeake will never be what it once was

Yes, anyone can write anything; however, if you really work at CHK you know that what is being said is true. You can't make this crap up. We want to sell the Utica but nobody wants, we have packages for Haynesville that includes stuff we just bought a year or so ago, we have Eagle Ford teasers out, and I hear the entire MidCon is up for sale; but we can't close a single divestiture. Meanwhile the management team is pumping the 'mood elevator' and 'be here now'. Most supervisors even recognize the BS and are honest about it; but managers are too busy trying to be the next VP to recognize the real problem.

The EC has it set to where the place will not go bankrupt but at the same time this place will never be a try force ever again. The goal is to bankroll all employees manager and up and let the revolving door of individual contributors continue.

The employees are just tired of being fed the crap of being cared about and that the company is doing great. We all know that things are not going well and that management does not care if an employee leaves or not. We have an intern we can make an offer to with 7-8 years less experience, but he will 'be here now'.

Unfortunately, the jobs out there are drying up again and layoffs are just around the corner and you can bet the packages this time will be 1/2 of what they were last time.

Snatched from @OTaGJua-2hkt. He/she made the perfect point.

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| 2826 views | | 5 replies (last August 28, 2017) | Reply
Post ID: @OP+OViAHZ0

5 replies (most recent on top)

Is that kool aid good there "Duece"?

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Post ID: @4ukl+OViAHZ0

I am tired, tired of everyone griping; quit, no seriously quit, if you are that fed up freakin quit your job & go elsewhere! Deuces!

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Post ID: @4xbt+OViAHZ0

CHK is SO focused on ALL the wrong things....

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Post ID: @2kqg+OViAHZ0

Well said 1oth. It blows my mind that we are wasting our money on these culture initiatives. Hey procurement group let's open up the services that Senndelaney is providing us for bid, I will serve up some liberal B.S. for 1/2 the price SD is charging (coloring book exercises, meditation, play nice with others, etc)

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Post ID: @1rvd+OViAHZ0

What it once was- was an over leveraged bloated 4th quartile performing company. the covers were pulled off and what's left is a company that is STILL over leveraged and full of a bunch of very TIRED employees working on the mess left behind from the corrupt AKM days. Cleaning up that mess will take decades if the company makes it that long. Current employees are too tired for this mumbo jumbo senndelaney feel good crap - we have work to do. Now that is a truthful point.

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Post ID: @1oth+OViAHZ0

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