Why is the only asset in the Devon portfolio that is incapable of producing oil, not even being discussed when talking about divestment? I assume it’s because no property management company is interested in purchasing office space in OKC. I’m not... — read more 

Is Tuesday the D-day on layoffs? I think there were several dates circling around, but April 17 was what the consensus settled on? In all honesty, I can't wait. I'll be happy if I'm on the list. I wish there was an option to volunteer, as somebody... — read more 

This guy made more in one year than most of you will make in a lifetime. Hager talks about wins, let’s do this Davey. Sinopec JV, that’s a loss. Sumitomo JV, that’s a loss. Hey, let’s invest in Michigan, San Angelo, Louisiana....damnit, there’s... — read more 

Why do we even need layoffs when people are leaving the company left and right on their own? I think I hear about somebody else who leaves on their own every single day. What's the point of hiring new people just to lay off somebody else doing the... — read more 

Asking the real questions...😀

WTF is the point of ~100 VP’s??? Devon’s board needs to do their job and get rid of our horrible upper management. 100 VP’s!? WTF do these people even do? There are VP’s with 1 report. Just as there are supervisors with 0 reports. Talk about... — read more 

For all of you who don’t appreciate the PMO and thing you know what’s going on and know what’s right. You dragged Devon into nearly 300 projects many the PMO never knew of. Every successful corporation, apparently Devon’s desire to accept PMO will... — read more 

Just wondering if we will once again see an overwhelming number of people in their late forties and early fifties dominate the layoffs list? It has been the case so far, some of the best people were shown the door in every layoff so far, so I don't... — read more 

Root cause analysis 101 ask why 5 times to get to the root of the problem... Example Your stock fell $15 in 2 days!! Why Dave? because we missed production targets mostly in Non Op properties and Canada. Why Dave? because wells sometimes go off... — read more 

It’s easy to cut staff to help “boost returns” and it seems easier to watch $8.24B of market cap erase as it has under Hager and Vaughn’s control. I wouldn’t even call it Leadership. At a fully burdened FTE rate of $200K, that’s enough to employ... — read more 

Once again, Continental takes the high road, with no layoffs. Their CEO doesn't use employees for scapegoats. If an exploration company can't make money and execute with $60 oil, and attract investors, something is wrong.

Layoffs generally are expected while an industry is contracting, but the recent cuts have occurred after oil prices surged more than 50 percent over the last half of 2017 and as most energy producers have swung to profitability.

Anybody here scared that the final number will be higher than 300? It wouldn't be the first time that the official number and what actually happens do not match. I think they usually report lower numbers to soften the blow, not cause too much panic... — read more 

I checked this site after I heard the recent news and thought I would post some first hand info on the Devon layoff experience for those who are curious/worried. I was laid off in the 2016 purge. I was in a support role in the company getting good... — read more 

So let me guess, this time we'll see even more veterans laid off? For a company that touts being veteran friendly, Devon certainly has no issues showing us the door when it wants to save a few bucks and employ cheaper employees with no experience to... — read more 

Please bring an option forward to volunteer. There are a large portion of us who would willingly volunteer

I heard the 17th. Any over/under takers? Or inside information?

Mr. Hager....you should be the first to go. Your lack of strategy and your ability to lead from behind is one of the MAJOR issues here. You announce your big 2020 plan. Not sure if you realize but you are setting out a 24 month plan. So, I guess... — read more 

I'll be happy as long as the project manager all get the boot, they are worthless and cost us alot of money.

At least you get a decent package. What is sad for us is the contracters all stay. They could reduce contactors and save money, but they dont

http://www.fox5ny.com/news/police-man-stabs-boss-after-being-fired-from-restaurant

That kind of sums it up: 9% Cut, 300 People, All Departments and Functions Impacted

There you go: The oil and gas industry is in a lower-for-longer commodity price environment, which requires Devon to transform the way it operates. The company must continue to sharpen its focus on core operations, increase its operating and... — read more 

My condolences to any and all impacted by the layoff- by reputation Devon is a great employer, and will try to do right be these folks, I hope so at least. Two interesting points of note- Nowhere did Devon cry in it's beer about how the Oklahoma GPT... — read more 

Can someone please tell us how are those affected by today's layoffs being notified?

What are the severance package details? Can I use personal holidays until I'm gone? What’s the policy about retirement and health plans during the last days at the company? Am I being let go with cause? Can I retire instead of being let go? Can I... — read more 

Anybody here knows what happens to your health insurance if you are laid off by Devon? I can handle being laid off, but I can't risk not being covered right now. Can anybody tell me what's the procedure in these situations? As if I didn't have enough... — read more 

DH releasing his 300 video.

All of you need to chill, we have no control over what things will happen.

https://twitter.com/TheLayoff/status/983449112841474048

These are the facts: 30 - 35% reduction in G&A. (Includes more than just a headcount reduction) Yes, there will be layoffs in Accounting, Supply Chain, and IT as well as reorganization. Management and staff will be reduced as well as departments... — read more 

Please post any layoffs related info here!

How do we know the cuts are coming this week? I know it was pretty much confirmed that more people will be laid off by Devon Energy, but I haven't seen a timeline anywhere else. Are we just guessing that today and this week are going to bring the... — read more 

Dreading tomorrow, and this week. I love my Job and do not want to leave. Good luck to.you all.

Has anyone heard if they are offering the same or somewhat comparable severance packages this go around? Or are we gonna just be kicked to the curb?

Accounting management has told many of their employees that a 35% cut is coming. Unsure if that’s company wide or just support functions. Haven’t heard any other discipline management telling their people anything besides the typical don’t buy... — read more 

It's awesome. For proof, see http://www.devonenergy.com/careers/our-work-life

That's the story. Tomorrow 30% of G&G, 10% of Engineers getting the axe. Dunno about any of the other roles.

I can't sleep tonight because I heard some guys at lunch today (they work for Devon, but don't know what they do) talking about Devon' s decision to outsource their accounting and possibly IT dept. Is that even possible with a company like Devon? I... — read more