Lots of upper managers and VPs from G&G meeting today.... Prepping for Tuesday?
Start with land and then just keep moving
John Raines and all his early 30's suck ups, then move to all the other departments and due the same. This company's heyday ended with John Nichols. Used to be a good company now it's a joke. Sure glad we got that building though
Someone with real information please answer these questions AND indicate if you have a reliable source or if it is an educated guess
What groups are to be part of the 9/8 layoff? Please indicate the respective percentages of these groups. Why hasn't there been any communication out about it similar to what COP released? Will the process be similar to the IT layoffs that took place... — read more
Enjoy the holiday
Enjoy the holiday - Changes coming on 9/8 to drive the cashflow and drive up the stock price. Could be significant layoffs and restructuring.
HUGE layoffs await and contractor cuts
When Devon Stock breaks below 35 Devon will be a ghost town. HUGE layoffs await and contractor cuts and I MEAN HUGE!!!! Projects put on hold and drilling stopped. It will be come a matter of survival. Then the question has to be asked will Devon be... — read more
Anyone with reliable info
Does anyone have any reliable news as to IF layoffs will happen? Also, what areas will be downsized? IT, engineers, geologist, drilling, HSE, admin services, land? Also, will it be confined to the main office or will the assets be hit as well. The... — read more
Devon stock to break 35. LOOK for big NEW!
When Devon Stock breaks below 35 Devon will be a ghost town. HUGE layoffs await and contractor cuts and I MEAN HUGE!!!! Projects put on hold and drilling stopped. It will be come a matter of survival. Then the question has to be asked will Devon be... — read more
Anyone else feeling the pressure?
Still at Devon, not sure for how much longer. Oil down to $37s today. Alot of people still seem to be in denial & think they're safe forever. Am I the only one feeling like the axe is about to fall?
Energy Jobs/Company Spending Is the New Housing Bubble
Let's face it, overspending, over investing, over hedging and over hiring was rampant over the past few years with the oil speculation bubble that has been around starting at the $100/barrell price fixing a few years ago. That bubble has finally... — read more
What positions were eliminated in Canada?
Why Canada? I thought it was all going to be regulated to OKC in the IT and Land departments. What positions were eliminated in Canada?
previous employee
The layoffs have already started in Canada, several people have been let go today or given 2 weeks notice if you are a contractor.
Cuts postponed until after Labor Day
The Devon Layoffs will be delayed until after Labor Day. Another 10% in IT and Land departments. In total about 80 people in Calgary and OKC.
WARN ACT
What about the WARN Act? Isn't it supposed to help the employees in knowing when massive layoffs are going to happen?
Devon is quietly reducing staff. iT lost about 20 people yesterday. Many with over 10 years. As with many corps they are kicking to the curve
Those with the most experience and cost. Shame on Devon. Snakes with no integrity
Depressing environment
It is hard to work everyday here not knowing when the hammer will come and BAM no more job. Feeling sad and depressed
Statement Missing
Did you ever stop and think that it's all just rumors? Most companies will issue some sort of statement when they lay off a massive amount of people. For example, Exxon, Shell, Baker Hughes, Marathon, and National Oil well all let there employees... — read more
Rumors of more
rumors of another round of cuts coming.
A snake like approach
Layoff employees without telling them in advance, is what snake would do, not a company like Devon Energy that touts its integrity and upstanding in the community.
Ben and Lane
You didn't have to work hard to let a handful of us go. Oil prices go up and down. Peoples lives are more important. Did the how many ever IT people you let go impact Devons bottom line? I hope Karma doesn't find you. You have not only hurt an... — read more
Devon logic
"I have mismanaged, therefore you must go. " - Ben Williams
Being laid off is tougher than anticipated...
Even with the 'dignity' that Devon laid me off from my IT role, it feels terrible. It is not as terrible as losing a loved one, and my health is intact, but it is its own beast. Other than being prepared for a layoff financially, there is no way I... — read more
If you were CIO...
In retrospect, It's easy for everyone to give their opinions anonymously. But if you were in charge how would you have handled things differently?
Accenture for back office work, Devon for business facing work
If your work requires managing IT server infrastructure, databases, SAP, server administration, etc., Accenture has ready to place consultants that are less G&A than full time employees. Business facing IT support and projects are more probably going... — read more
More Layoffs??
Was all of the layoffs last week in IT? If so, was it only in OKC or did it migrate out to the assets? Also, is there any rumblings about other departments being hit in the near future (next year or two)?
Devon could learn from Sandridge Energy
At least they did it with integrity, communicated to the local media and asked their employees to reach out to those who lost their job and see how they could help. different culture.
The Truth is in the postings
Look everyone we know that Devon lies. Believe me your job is not safe. Deeper cuts are coming because IT is being outsourced. They just don't want to tell us. Look for more and more red. Those in the PMO take a look at the new model emerging and... — read more
The Truth is in the postings
Look everyone we know that Devon lies. Believe me your job is not safe. Deeper cuts are coming because IT is being outsourced. They just don't want to tell us. Look for more and more red. Those in the PMO take a look at the new model emerging and... — read more
At Devon, integrity is at the core......
Integrity is only a floor tile at the core of the Energy Center rotunda. Ben Williams can say, with a straight face, that "in fact we are looking to increase our staff", while he is referring to bringing in more Accenture folks. Meet him in an... — read more
Reorg
I worked for Devon for about 5 years and was always amazed at the word "Reorg". Devon-Just because you don't use the word "Layoff" doesn't mean you not letting people go on a regular basis- So drop that "we don't lay people off" out of your... — read more
Layoffs could have been handled better
Hear me out, gotta vent... My supervisor sounded like a robot reading the severance letter. I understand there are policies, but it surely wasn't comfortable receiving phone calls from people that should be been gone that are now cleaning my office... — read more
Times are tough
The energy industry is getting hit hard by a simple function of supply and demand. Unfortunately it was the doing of the North American oil and gas explorer that drove innovation & technology that ironically has placed us where we are at today... — read more
Devon denies anything happened
I just heard on the news that Devon released a press release last night that denied any layoffs had happened. So what is the truth?
Devon Leadership took pride in keeping the lay off a secret
In the team meeting today the director took pride in the fact some of us were caught off guard. I guess she is proud to be a liar. They opened the meeting for questions, but it was apparent everyone was to afraid to ask questions. We'll all live in... — read more
Don't be surprised what happens next.
Wednesday will be another bad day, even worse. Remember we're suppose to have a meeting with our supervisor. More lay offs, pay cuts? My thought is now the plans will be hidden because everyone will be expecting individual meetings. It's not over... — read more
So very sad
It's late and it is hard to think that I won't get up and go to work. I am sure that many will be as me that find a lot of their worth in there job. This is what I thought it took to exceed at Devon. This evening I find myself alone, depressed and... — read more