STUPID QUESTION: How does this affect oil companies within the state? Im not in oil and gas but am curious about this. Thanks in advance.
Devon Tower Revisited
The IT techs, the HR staff, the Business professionals - these people must leave to make a world for Hooper; they were the aborigines, vermin by right of law, to be laid off at leisure so that things might be safe for the Energy Executive, with his... — read more
The Crawfish Boil
Who thought it was a really good idea to assemble all the happy crawfish and announce there's gonna be a big crawfish boil in the first quarter and a whole lot of them are going into the pot. Most cajun cooks will tell you it's much better on the... — read more
Layoffs are hard
Man, I really feel for you guys. I was let go way back in 2008, but got a great package. I have a number of years over 40 and got a week for each one. plus a week for each increment of salary equal to 10k plus all the stock full vested. Worth almost... — read more
Find me an Attorney in OKC!
I would like to sue them and I need to find an attorney in Oklahoma City who will litigate. I am open for a class action as well. I am sick and tired of seeing them run away with millions while they terminate us, the folks who built this company... — read more
Outsourcing
I've heard they are going to outsource all of IT and Finance. Very reliable source closed door meetings
Ex Delaware VP - T. Hooper
ESPs with no SWDs. Enough said.
Faith, hope, and love
Faith, hope, and love.....we talk about these things all the time. Now is not the time to place blame, second guess, say angry words that cannot be taken back. Now is a great time to practice our faith, the belief in ourselves that we are valuable... — read more
Artesia
Has anything happened in the Artesia abs SENN area. That upper management out there is an absolute joke. They wasted money with zero concern.
Official Tuesday thread
Please share any updates, HR sightings, conspiracy theories and random conjecture for today's layoff activities.
How are layoffs conducted?
In group? 1:1 with the HR person? A call? A meeting? Do I get time to pack my cube?
Devon is starting haircut program today. Who do you think shall be gone so can see if our prediction is correct
1) Mike Sanders - DPMM 2) Steve Krueger - CSS 3) Chris Goforth BUVP 3 devils shall be gone
So this thelayoff.com Is pretty much useless.
74 cents a share, really I saw it online. I just can not imagine any use for this website if you work at devon.
Big announcement coming on Tuesday.
You will be surprised.
Still happening?
They still laying people off?
After party at Fasslerhall
High of 79 that day. A patio will be nice to console our shattered dreams.
Wisdom and Leadership
Pray for wisdom from our management. I was going to use the term: LEADERSHIP, but sadly, that has been lacking for many years - since Larry left. We had a benign uncle running the company for the last few years, now his nephew has taken over. If the... — read more
As it Happens
Post news, HR sightings etc as it happens here. NO speculation or B.S. just facts. TapWerks is the official gathering point for those let go.
The official Date
The reaper won't come until 2/22. The announcement of savings will be release during the 2/16 call. 2/15 is a Holiday so don't expect anything this week. The layoff will happen the same as in Canada. Stay in your office and wait for a yea or nay... — read more
Purge
Make sure you're not roaming the yalls after 8am tomorrow. The Devon Reaper will be out in full force.
Good luck this week
Now I lay me down to sleep, I pray to Hager my job to keep, If unemployed when I wake, Aubrey my skills are yours to take.
Go out with style!
I say tonight we all download Queen's "Another one bites the dust" to our phones. Then as we're shoveled out the doors, we all blast that as loud as possible. We may not have a job, but they can't hold us back from rocking out!
Free slices of humble pie for laid off and about to be laid off Devon employees
Bernie Sanders is in your corner, fighting to get you that $15 hourly minimum wage you will be working for. Part time, of course. Otherwise, full time would disqualify you for food stamps and other government bennies that you will need to try to... — read more
Iphone Mail
Devon emails on the Iphone all gone this morning. Can others please check theirs?
March 2016 is the marking month of Devon history. Please share your thoughts, who should be gone to save DVN.
Time for the collapse of the Devon era. Hope this is the time to let most of BUVP and Directors with worthless processes to be gone to save part of the $700m reduction. Anyone has opinion?
Artesia needs new leadership
With all the layoffs many of us hope that they remove the current corrupt leadership in Artesia along with their friends. I've been here 2 1/2 years and continue to see the "chosen" ones get by with things that anyone else would be fired for. No... — read more
Devon Leaders sell off thousands on shares while the value drops.....
http://okenergytoday.com/2016/02/devon-leaders-sell-off-thousands-in-shares-while-values-drop-2/
Oil and Gas BK List
Oil and Gas Bankruptcies List (2015 and 2016) 48 companies folded so far, $17 Billion Dollars in Loses - here is the list: @FVdOlco
O&G: 50% Cuts Needed to Align Spending With Cash Flow
In this volatile market, IHS said its analysis indicates that Concho Resources, Whiting Petroleum, WPX Energy, Halcón Resources and PDC Energy are displaying the greatest spending discipline. Lower Price Scenario Paints Gloomy Outlook for North... — read more
Devon hires Jefferies to sell non core assets really??
I filled the tower full of slap dick ass kissing know it all entitled engineers and you can't figure out how much your own assets are worth? I sure am glad I put the boots to you guys when I did.
If you try hard enough you can find the list on the network, I did. Once this is read by security it will be locked down.
You wil be surprised by some of the names.
Devon is like watching a bad gambler
Devon right now is like watching a bad gambler chase after losses. Spend 4.5B for assets instead of holding on to cash Hire new executives in the midst of a layoff and grant huge stock payouts to executives to ensure the golden parachute opens when... — read more
Three Weeks
We've survived for three weeks since they announced the layoff. It has not been pleasant, but it has given us time to prepare. The cuts will be very very deep. There will be people gone that you don't expect to be gone. Be a team player, get along... — read more
Updated Workforce Reduction FAQs Released Today
For those that may have missed it they have updated the Workforce Reduction FAQs / PDF. They announced it on Strata Now late today via email. Whether the timing of the update has anything to do with when they will begin the purge remains to be seen.