For those in the know, how will the hundreds of supervisors and managers fit in the small number of projects remaining? This is a real problem that I thought executives would have gotten right in today’s management reduction. But as we witnessed today, the executives feel we still need three layers of non-productive nonsense to distract from increasing profit for the shareholders. I hope the shareholders do not catch wind of this or else our stock will plummet again. Tomorrow we will see if the staff reductions make sense. Based on their track record we will have another confusing selection of folks that will leave us speechless. Let’s get some good sleep and herd into the great tower tomorrow.
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Children! We need to keep enough bodies around for the next time I have to increases shareholder return.
I wouldn't say this is the new normal. This may be the new normal at Devon but it is not happening across the industry. Many companies right sized during the heart of the downturn but not every company continues to right size on what seems to be a yearly basis. If anyone at Devon still has any faith in the executive leadership they must see something that I do not. The corporate culture has been deterioarting and will only continue to get worse. This is the company that will put profits and returns for shareholders over employees as long as Dave is at the helm.
Agree with the new normal. As we are still doing automation intelligence with Autobots taking over positions. And if you think they're dumping a lot of money in Autobots to reduce FTE you are out of your mind
I can’t imagine a healthier work environment. Waiting around like livestock to be butchered must be fun. I sure wish I could work for Devon! No wonder its included in the list of top 100 places to work! And...and you get to live in heaven on earth, OKC! Such a great place to live! Beautiful landscapes, no white trash, and zero tornados!
Remember, this is only the first of many reductions as inferenced by the 2020 vision. There’s going to be adjustments. This is our new normal in E&P.
I agree completely. I consider myself a company guy and layoffs hurt every big and small. I thought the split would at least be 50/50 (managers to employees). Looking more like 90/10 (employees to managers). DUMB