Topics regarding layoffs at Devon Energy Corp.

Topics regarding layoffs at Devon Energy Corp.

Why not all at once?

Seriously, why cut 200 people and then say that's it, FOR NOW? Leave the rest of us worrying and wondering when the ax is going to fall once again. What's the point? Just get it over with so we can stop stressing and focus on our work once again!... — read more 

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| 2430 views | | 4 replies (last March 23, 2019)
Post ID: @OP+XW1w2NQ

Layoff Rhapsody

Is this the real life? Is this just fantasy? Caught in a layoff No escape from the ax for me Open your eyes Look up at the lies and see I'm just a poor boy, but they have no sympathy Because we're easy come, easy go Nobody high, just us below... — read more 

How much more than 200?

I imagine that most of you noticed in the company statement regarding the layoffs of 200 employees that the statement has been worded in a rather diplomatic tone, using word like: for now, layoffs would continue throughout the year, layoffs will be... — read more 

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| 2031 views | | 4 replies (last March 23, 2019)
Post ID: @OP+XWxEmJu

Why would anybody quit?

Somebody said execs want attrition and are encouraging it - okay, I can see why that's a good thing for them, less money to pay out. But why would anybody leave voluntarily amid ongoing layoffs when severance is a realistic option? Even those who... — read more 

New Devon Number 5!

Ladies and gentlemen, this is New Devon Number 5! 1, 2, 3, 4, 5 More people gotta go to keep the dream alive They say, we’ll grow and turn the corner But you know they really just wanna, Sell out like Kerr McGee Oh wait, I think I just spilt the tea... — read more 

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| 1810 views | | 1 reply (March 6, 2019)
Post ID: @OP+XWLMDCk

Yo, Devonites! Let's kick it!

Give me some money, Davey Give me some money, Davey Alright stop. We got investor friction Put Devon on track with some G&A restriction, Severance, I think about nightly, Just give me the dough or ya might as well fight me Will it ever stop? Yo, like... — read more 

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| 2660 views | | 3 replies (last March 5, 2019)
Post ID: @OP+XUhiAJv

Monday

New week “New Devon.” How’s everyone feeling about “New Devon” after last week?

J.H. Business Model

Give Devon a dollar, they make you a penny. Pretty much everyone else is better at ROI / capital. In O&G, if you're not making 10% ROIC, you're a loser. Unless oil breaks $65, Devon's best bet is selling off the DB acreage, lord knows that the only... — read more 

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| 2395 views | | 2 replies (last March 1, 2019)
Post ID: @OP+XQVNxN9

ABBU EHS Dream

ABBU EHS has a dream that you will not be judged by the size of your lobes but by the size of your light bulb head and the placement of your authenticated hard hat stickers. One day our EHS professionals will succeed in the effort to save millions in... — read more 

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| 1930 views | | 2 replies (last February 28, 2019)
Post ID: @OP+XQFZxv0

Can people please share info?

No information forthcoming from management (no surprise there,) very little available to read here... This is absolutely nerve wrecking! Please, if you know what's going on, let us know. I'd like to get my blood pressure back to normal sometime today... — read more 

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| 3850 views | | 7 replies (last March 2, 2019)
Post ID: @OP+XPCUfve

Is it done?

Are we done with layoffs, at least for today?

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| 2230 views | | 3 replies (last March 1, 2019)
Post ID: @OP+XPROUHs

What else is being hit?

Is it just my imagination or is this wave of layoffs smaller than we expected? We know HR and Recruiting are being hit, but I haven't heard anything else in the office or read anything else here. Are any other departments and locations being hit... — read more 

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| 2980 views | | 6 replies (last February 28, 2019)
Post ID: @OP+XPNlWnI

No future here for anybody

It is so obvious there is no future for anybody at Devon. Nobody is safe. The only way those on top know how to solve a problem is with more layoffs. Never mind that that didn't help at all any of the previous times, the strategy stays the same. Cut... — read more 

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| 2315 views | | 2 replies (last February 26, 2019)
Post ID: @OP+XNXMsQE

method to the madness?

How does management actually come up with their list of who they are laying off? Do mid-level managers have a say? Age? Salary? Performance? All the above? Asking for a friend.

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| 3290 views | | 8 replies (last March 4, 2019)
Post ID: @OP+XKbtcGE

Opinion: Ops test for rentention

IMHO, DVN should have an Ops test given to each employee covering basic oilfield operations and fundamentals. Anyone scoring below 75% should be released from duty. That should get us down to the desired headcount in OKC. No doubt DVN has some... — read more 

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| 2790 views | | 6 replies (last March 4, 2019)
Post ID: @OP+XKpvyqY

Canada

DEVON ENERGY TO SELL CANADIAN OILFIELD ASSETS. How is Canada doing? What's it like up there?

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| 2250 views | | 6 replies (last March 12, 2019)
Post ID: @OP+XKC4V1h

How many people were hit by layoffs in February so far?

Does anybody have info or can you at least guess how many folks were cut in February so far? Also, I would like to get some opinions regarding what could be the final number of cut people when February ends? I know it's hard to determine, but any... — read more 

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| 3180 views | | 4 replies (last February 23, 2019)
Post ID: @OP+XJeYH9V

What is the March purge?

Help a Devon newcomer out, please. What happened for the last several years in March?

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| 2040 views | | 2 replies (last February 21, 2019)
Post ID: @OP+XJ62aWe

Those were the days, my friend

Remember when Devon had guts, and the stock price was $120? It was not so long ago, either. Clearly the rank and file are responsible for this plunge (sarcasm alert).

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| 1044 views | | no replies yet
Post ID: @OP+XJCCgay

T Boone Says it Better

“If you aren’t replacing your assets, you’re liquidating.” So, this “new” plan revealed yesterday is supposed to increase shareholder value. Shedding Canadian assets may make sense, but taking the Barnett cash cow to market and leaving it there if no... — read more 

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| 1925 views | | no replies yet
Post ID: @OP+XILJkrY

Is anybody actually surprised by this?

Wait so there’s gonna be a February layoff? Shocking... haven’t we been doing rounds since 2016? The new executives/VPs come in from different companies, and are hopefully told some direction from the higher ups on budgeting etc. if not then they’re... — read more 

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| 3150 views | | 3 replies (last February 20, 2019)
Post ID: @OP+XGj9ur4

Things that make you go hmmm...

CEO put in position who has been through large sale in past (Kerr-McGee) CEO brought out of retirement (age 61 now and will one day retire again with nice nest egg) Has worked to whittle down senior mgmt to only four Anybody who doesn't tow the line... — read more 

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| 2740 views | | 3 replies (last February 18, 2019)
Post ID: @OP+XFU7zGl

Layoffs 2/28

End of feb layoffs across the board Topheavy strategy not working

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| 2490 views | | 2 replies (last February 16, 2019)
Post ID: @OP+XETf8kq

How’s that working out for you?

We spent $50,000 to try to prevent SQ788 and now it has been almost 12 months since people have a license and could acquire stuff. Where are all the incidents, people stumbling around, people sleeping at their desks and in the stairwell. They must... — read more 

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| 2400 views | | 8 replies (last February 22, 2019)
Post ID: @OP+XCugarL

Bye BW and MS

No one will miss you except Microsoft. You single handedly wasted enough time and money to successfully acquire a successful company.

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| 4020 views | | 14 replies (last February 18, 2019)
Post ID: @OP+XCxrsAK

Elliot management?

They will get the company sold or at least get rid of the ceo and his crew and lots of others.

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| 1220 views | | no replies yet
Post ID: @OP+Xsq1e8j

Blood is in the air!

February will be short more than just days by golly. Good luck to the newly unemployed!

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| 2240 views | | 5 replies (last February 8, 2019)
Post ID: @OP+Xs4HD1j

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