Topics regarding layoffs at Devon Energy Corp.

Topics regarding layoffs at Devon Energy Corp.

continuous improvement

What are all these CI guys doing? Most of them were working out at Tinkler AFB before Devon. Why did Devon hire so many government employees? Was this a good idea?

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| 1320 views | | 6 replies (last January 6, 2016)
Post ID: @OP+EBcenHO

East TX Engineers

Devon just laid off an east TX production engineer. He was a younger guy and I forgot his name. Who is next? Could his job have been saved had Devon not run such a sloppy and haphazard operation in other areas (Delaware Basin) Enough fraud has... — read more 

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| 1330 views | | 8 replies (last November 24, 2015)
Post ID: @OP+EytOW1L

Devon has a strong balance sheet and great assets

Devon has a strong balance sheet and great assets To this point they have held on to people, so I think they will give it until the end of the year before really putting any large scale layoff in place. I personally think if they had a Voluntary... — read more 

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| 810 views | | 5 replies (last November 19, 2015)
Post ID: @OP+Ex0Lmzl

25 Companies That Burn Most Cash (as of Nov 2015)

25 Companies that Burn the Most Cash : Anadarko Petroleum Corp. Chevron Corp. DuPont Co. Yahoo Inc. Leucadia National Corp. Freeport-McMoran Copper & Gold Inc. Occidental Petroleum Corp. Marathon Oil Corp. Amazon.com Inc. ConocoPhillips Hess Corp... — read more 

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| 801 views | | 1 reply (November 19, 2015)
Post ID: @OP+ExXOdIn

When will it stop?

So oil goes under $40 for the first time since August. When will the bleeding stop? What will make it stop?

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| 530 views | | 5 replies (last November 19, 2015)
Post ID: @OP+EwAQFK9

Haven't you also noticed the change in the people hired.

1) You have to be under 30. 2) If you're gay then this is even better. 3) No real mean. 4) Your looks have to a 9-10. 5) You have to wear tight pants. 6) If you're a women you have to wear F-Me shoes. 7) If you're a guy you must have hair. No bald... — read more 

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| 1370 views | | 24 replies (last November 22, 2015)
Post ID: @OP+EvIhdyT

OMG...Upper Management!

Seriously...upper management fix middle management! Directors have no clue what is going on in their organization. Managers are sucking ass to get ahead and supervisors are running around gossiping. This is the only way the staff can get messages to... — read more 

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| 1560 views | | 15 replies (last November 19, 2015)
Post ID: @OP+Ev1cWUz

Devon making discrete cuts.

Look out everyone! Devon HR is firing people without performance issues, without write-ups, and without any kind of due process. All in the name of cutting G&A. Basically, this means that management has been given free reign to remake their teams... — read more 

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| 1390 views | | 10 replies (last January 6, 2016)
Post ID: @OP+EvHrjZO

High school anyone?

As long as they run this company like a high school where the cool kids get promoted and the popular kids get the choice units, while the nerdy kids that actually get work done are treated as disposable, this company will never get ahead. At some... — read more 

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| 870 views | | 9 replies (last November 16, 2015)
Post ID: @OP+EsruoP1

High school anyone?

As long as they run this company like a high school where the cool kids get promoted and the popular kids get the choice units, while the nerdy kids that actually get work done are treated as disposable, this company will never get ahead. At some... — read more 

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| 530 views | | no replies yet
Post ID: @OP+Esd230G

How low does it go?

Any bets on how low OPEC lets oil prices go until they finally step in. My guess is $25 per barrel. It's going to be a brutal 4th quarter and first half of next year.

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| 570 views | | 5 replies (last November 17, 2015)
Post ID: @OP+Er1njy7

How safe are accountants?

I have always hears that accountants are the last to go. Has anyone heard of any rumors related to any accounting departments? You can definitely tell that moods have changed, and everyone is on edge. I work very hard bit starting to feel uneasy!

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| 750 views | | 5 replies (last November 14, 2015)
Post ID: @OP+EpD2CaM

Takeover?

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| 620 views | | 3 replies (last November 11, 2015)
Post ID: @OP+EpNhxqI

PBTX Reservoir

they laid off a senior reservoir engineer today. He had been with the company a long time and was over the west texas waterfloods.

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| 650 views | | 5 replies (last November 12, 2015)
Post ID: @OP+EpoOY2j

Layoffs

More layoffs yesterday in Land. They are really being sneaky about it, just a few people each week. I hope everyone is stepping up their game.

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| 880 views | | 6 replies (last November 13, 2015)
Post ID: @OP+EoUnrCa

If Devon would get rid of the entire IT department they could save millions. This department at Devon is the worst in the industry.

Full of people that believe they know more than the business. Devon's problem; the worst IT in the industry. Devon- clean house from the top down I IT. This is the most hideous department in all of Devon. Face it you know nothing, and even less about... — read more 

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| 1170 views | | 20 replies (last November 12, 2015)
Post ID: @OP+EkwSw5B

Layoffs today

Just heard some people were let go in every group.

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| 1450 views | | 13 replies (last November 11, 2015)
Post ID: @OP+EjtS9zm

Reveille!

When does leadship get laid off? There are so many dip shits in leadership, making costly decision, spending money for stupid projects, and no one will tell the truth. The board needs to be strong and figure out the waste. Most of your VP's... — read more 

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| 700 views | | 5 replies (last November 9, 2015)
Post ID: @OP+EjqHgIR

Merger or Takeover?

According to a Bloomberg article online, Devon is a takeover or merger target for 2016. The article also mentions Oxy and Encana as candidates. Curious as to your thoughts? Possibility or crap?

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| 3100 views | | 3 replies (last November 6, 2015)
Post ID: @OP+EiRSp9S

It's Official, Writedowns are the FUTURE

I find it humorous that Devon and others can clamor about earning pennies on the dollar with regards to per share, etc. and at the same time they writedown billions with an S every single quarter and that is supposed to be a good thing... — read more 

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| 510 views | | 3 replies (last November 4, 2015)
Post ID: @OP+EhM1xy9

Bloodbath Averted for Now

Based on the earnings announcement I doubt there will be a bloodbath (not great but could have been a lot worse) until next quarter once the low prices hit home after the hedges have long expired, etc... — read more 

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| 550 views | | no replies yet
Post ID: @OP+EhgdoXR

Wow!

http://kfor.com/2015/11/03/Devon-announces-Oklahoma-layoffs/

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| 820 views | | 6 replies (last November 4, 2015)
Post ID: @OP+EhHYZvW

New information on Oklahoma City Office

Just found out that after the third quarter report that OKC will announce their layoffs. Look for OKC cuts by Nov 20th. Number expected to be about 15% around 600. Hedges are ending and they need to make their numbers for the 4th quarter. Stock... — read more 

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| 900 views | | 11 replies (last November 9, 2015)
Post ID: @OP+Ef0PaTV

Will never be an industry leader

Understanding the Why portion of the layoff decision making process....I'm at a loss to the WHO and HOW portion of it.The current leadership team fell waaay short of positioning this company into a world class organization.Your only as good as the... — read more 

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| 580 views | | 4 replies (last November 4, 2015)
Post ID: @OP+EeIr3Br

Devon Calgary Layoffs

Office staff in Calgary were let go, along with supervisors, operation and maintenance staff in the 3 plants in the north. My severance was pretty good, I'm sure they all were.

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| 633 views | | no replies yet
Post ID: @OP+Ed7QAY9

Okc next??

When will the axe swing over OKC?

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| 800 views | | 4 replies (last November 5, 2015)
Post ID: @OP+EdzUMHe

Cuts in Northern Alberta

I was one of the many who lost their job yesterday. It's getting pretty strange up there, lots of good experienced people were let go. These are pretty sad times...

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| 610 views | | 2 replies (last October 30, 2015)
Post ID: @OP+EcJaVCt

No sense in stocks

It makes absolutely no sense how oil can be up and our direct competitors stock price is up but ours keeps going down. No sense at all!!

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| 571 views | | 3 replies (last October 30, 2015)
Post ID: @OP+EcVu5Ao

Devon employee -

Devon employees - I am sorry for those of you that will be parting ways with Devon today. I know there will be several in Canada and also a few in Oklahoma City. I wish you well. You will see your way through this and be better and stronger on the... — read more 

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| 1100 views | | 19 replies (last October 31, 2015)
Post ID: @OP+EbinQcp

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