I believe I heard part of the aid from Congress is tied to companies not reducing salary compared to level on March 13th. I know this hasn’t been published yet but that would be an interesting spin. Does anybody have an idea if OXY is eligible for... — read more 

everyone makes more than 76k got 30% cut?

So, I've heard it touted a hundred times "we believe in pay for performance, that's what makes us so competitive and allows us to keep the best talent. You perform at a high level, you get rewarded and the compensation comes with it...etc." So now... — read more 

Everyone... check the date our salary reductions takes effect. It’s April 1st! This is all a very elaborate April Fools joke that we have clearly all fallen for! We can all take a step back and laugh about it now. Lol good one Vicky! You sure had us... — read more 

What about merciful people who work for all of the above ? Not even a proper note or a sincere thank you.

So, um, think the United Way can help me pay the rent?

When was the last time you saw an oil and gas company do pay cuts? Like NEVER! It’s always layoffs. Apparently they are so strapped for cash they can’t even pony up enough cash for severance packages,

Wait, her salary is being cut 81%? Makes a great headline, but salary is only a small part of her total comp so it’s more smoke and mirrors. When the stock triples (to $30 ha!!), she will still make a k–ling with the stock-based comp they handed... — read more 

If OXY employees are to survive, remove the mandate to contribute 5% employee contribution to OXY retirement. We will need that 5% to make it.

Any updates on how the current situation has impacted the chemical business?

The negativity on here is abhorrent. I absolutely have giving up 30% of my salary but better than being Laid off and getting unemployment. Looking for weekend jobs now. OXY has great properties and best EOR in the industry. We all need to... — read more 

Cheers!

Anyone filing for COC over this one paired with the PTO cut?

So in 22 days we are where we are now. All this sh– went down the tubes long before today. They saw their screw up and had it planned, and if not we were living on the edge anyway. They had to see the writing on the wall months ago. Hand out good... — read more 

A class action suit is on the way; file now you know in August they will drop your pay by 30%. PTO reduction, pay, 401k, bonus, and PWA will all be impacted by a lowers remuneration vase pay.

There is a lot of negativity being posted here! I know that times are tough and people are tired of being stuck at home because of the Pandemic. But things aren't that bad. We should focus on the positive and not the negative! Yes, a few people... — read more 

Everyone I’ve asked so far was exactly 30%. Did anyone get cut less? If not why not just say that?

I think that last email destroyed any last glimmer of morale that we all had. What a miserable time. Best of luck to everyone.

Does anyone actually know how lay-off decisions are made at OXY? Is it based on performance ratings? The last lay-off seemed to be. Who actually makes the decisions, does it come from manager or director level?

How is it that Vicki and everyone else on 31 still have jobs? They all should be in jail. Along with the entire ex-EC of Anadarko. Vicki and EC came up with the idea of buying Anadarko as a way of keeping their power/jobs, because they thought... — read more 

Calm before the storm?

Oxy is around $9.5/share, a 22 year low. Yeah, all oil companies are down, but they are not Oxy.

Any indication that we will have layoffs this week? Asking for a friend...

Dear Oxy, Here’s an idea: Instead of planning to lay-off the individual contributors who actually get work done, please consider laying off the middle management who are great at attending meetings and not leading. They are more expensive and... — read more 

According to the WSJ, VH expected to announce a deal this week with billionaire investor Carl Icahn to install 3 new Board of Directors + Chazen as Chairman. In return, Icahn drops the proxy fight and let’s VH keep her job. Really?!! You’ve had 6... — read more 

Not sure of the reasoning for this. My guess is they are stopping all transition activities which means they need support for both systems. Cost savings in the short term but costlier in the long term.

https://finance.yahoo.com/news/heres-a-list-of-ce-os-taking-pay-cuts-amidst-the-coronavirus-crisis-171206258.html?acid=twitter_yfsocialtw_l1gbd0noiom

Anyone knows how long we will stay at home ? I need to get something from the office .

Legacy APC folks know the drill. Let's come up with "Save a Barrel" cost reductions. Here's some of the best from 2016 to start (they actually go well with WFH): Change all printers to automatically print double-sided in black and white... — read more 

Any updates on upcoming layoffs? Numbers? Location? Timing?

https://www.wsj.com/articles/occidental-plans-to-name-former-ceo-chazen-as-new-chairman-11584656932 Icahn actually looked to him, https://www.wsj.com/articles/former-occidental-ceo-could-emerge-as-mediator-with-icahn-11564142044

The Vicki Hollub Tale: Kayaking Without a Paddle!

Work from home luau?

https://www.cnbc.com/2020/03/18/bill-ackman-pleads-to-trump-to-increase-closures-to-save-the-economy-shut-it-down-now.html This is not about layoffs, but he is begging for an ultimate solution: shut down the country for a month. Guys, we need to... — read more 

I hope oxy cares to answer all open questions here. Good luck folks!

How likely are the people who have been told they are getting VSP actually going to get it? Did Oxy set up a payable for this? Are the funds set aside? I’m sitting here waiting on my bonus that I still haven’t received and my VSP date to get... — read more 

Moody’s downgrades debt to junk today - good work 31!!

Why haven't we heard anything from Vicki & the EC addressing the rumors going around?

Credible source has said GOM will do the following: not pay bonus, Contractors fired, merit increases gone, drilling gone, and minimum ops will commence April 1st. In September they will offer small VSP to GoM employees but only to 10%. The remaining... — read more