Thread regarding Devon Energy Corp. layoffs

The Facts

Let's get the facts straight.

1) Devon is not a good long-term company to spend your career. What once was, is no longer. Those who still tout Devon as being an incredible company are blind. Don't listen to them and focus on doing what is best for your career.

2) The job market has reached it's peak. Yes, it has been very strong but that is quickly coming to an end. It will not stay strong forever so be ready for impact. If you are looking to leave Devon do it now while you still can. Otherwise, you will likely be stuck until we make it out of the global economic slowdown / soon-to-be recession.

  • https://www.cnbc.com/2019/02/21/weekly-jobless-claims.html

  • https://www.cnbc.com/2019/03/21/a-key-recession-indicator-just-did-something-that-hasnt-happened-in-12-years.html

  • https://www.cnbc.com/2019/03/19/us-economic-growth-is-set-to-slow-sharply-this-year-and-next-according-to-cnbcs-fed-survey.html

  • https://www.wsj.com/articles/markets-show-calm-after-brexit-delay-11553244944

  • https://www.marketwatch.com/story/fed-seeing-slower-growth-and-softer-inflation-now-projects-no-rate-hikes-this-year-2019-03-20

3) If you are not able to get out of Devon before things get much worse (economically and organizationally), then consider utilizing the education reimbursement. Get new education, learn new skills, make yourself much more marketable.

4) Get on LinkedIn. More than 90% of recruiting is now done on LinkedIn. Consider paying a professional to update your resume and LinkedIn profile if you are not skilled in this area. Today, about 95 percent of recruiters utilize LinkedIn as a major sourcing tool to find candidates to present to their client companies seeking top-tier talent. Connect with recruiters. Connect with people at companies you want to work for and reach out to them with good questions / content.

  • https://money.usnews.com/money/blogs/outside-voices-careers/articles/2017-05-05/how-headhunters-use-linkedin-to-find-talented-candidates

  • https://www.adweek.com/digital/survey-96-of-recruiters-use-social-media-to-find-high-quality-candidates/

  • https://www.entrepreneur.com/article/328745

5) Stay positive and keep working hard in your current role. But don't work yourself to death and don't sacrifice your work/life balance for this company. You likely won't get rewarded for your efforts here. Build as many connections as you can. Network like crazy. That will better set you up for success when you finally make a career move.

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| 2871 views | | 3 replies (last April 7, 2019) | Reply
Post ID: @OP+YdKpc8G

3 replies (most recent on top)

I was lucky enough to leave back in February 2016 when Devon actually felt bad about what they were doing. I was there 19 month before the layoff and went to Devon because of the long term commitment. Man, is hindsight 20/20. At least I got 6m pay, a bunch of stock and bonus for age when I left - about 120K.

Took me about 8 months to find a job, I had to leave the states and be away from family. Finally took a state job out west and moved the family here. All is stable now.

My friends who stayed in oil are still bouncing around, there’s no stability. Point is this. The industry is changed. No longer career oriented, more of a “car sales” mentality where they hire and fire with the sole goal being to somehow meet quota.

Am I bitter? Not so much anymore, just a bit numb.

I can offer a correction to the author, 90% of hires are not done on LinkedIn. Those “contacts” are an illusion. Less than 2% of jobs are done through LinkedIn. 90% of jobs come from the guys you fish with, people you’re close to, who really know you. Getup from your computer and go talk to people, face to face.

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Post ID: @ftvy+YdKpc8G

A deep deep derp.

Thanks for the advice CAPTIAN OBVIOUS.

Now get back to facebooking at your desk. You are obviously a turd we forgot to flush.

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Post ID: @2aez+YdKpc8G

Or you could just join my hard hat sticker army in ABBU. Because what we allow is continuing

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Post ID: @1kuc+YdKpc8G

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