Anybody think there will be more voluntary layoff offers or layoffs with severance? Do you think they will happen before, or after, bankruptcy is final? Enquiring minds wanna know
Topics regarding layoffs at Chesapeake Energy Corp.
Jim Henson’s..... Scratch that........ The “Lawler / Patterson / Del’Osso” Puppet show !!!
I’ve seen nothing about the fate of the Campus? It’s built for 5,000 - 6,000 employees. CHK or whatever it will be called in a few months will only need one-fourth of that space, at best. Can CHK be forced to sell and give the proceeds to creditors?... — read more
Tapstone Energy is sure active in snapping up distressed assets?! After its attempt in Templar Energy, Tapstone is named as the stalking horse bidder for Chesapeake Energy's Mid-Con assets with a USD 85m bid, per notice filed today.
So, I now have a bunch of these sad junk CHKAQ stocks, since I have never sold any of my LTI CHK stocks, waiting for Santa Claus to manifest himself ..... Do you think that the Ch.11 proceedings will sweep then down to zero? Or you think there is... — read more
Remember those days of fashion police? Where exposing tattoo, or wearing dress outside HR with certain pattern was not accepted, of course the ladies in HR would dress as if they are in a disco and ... Oh well when the focus of an energy company... — read more
Check out some of the latest dockets. People owed by CHK requesting permission to pursue the debt, regardless of bankruptcy proceedings. You know what that foreshadows? A high likelihood of liquidation. Companies owed massive amounts of money will be... — read more
My source says thousands and thousands will be laid off. They’re going to lay off everyone next Friday, then they are going to call everyone who has worked for Chesapeake in the past 10 years and lay them off from their current jobs, too. And... — read more
No matter what position you are in, PXD has provided you and/or your family more pay than other peers. If you disagree, than you're stupid for even staying this long. And if your that stupid, don't even reply and I hope you're on the list. ... — read more
Wonder why this thread was archived and can no longer be posted to ? Maybe the truth hit home ?
Unfortunately it’s not ridiculous at all. Again, my source confirmed today that Midcon and Rockies are essentially a done deal for divestiture. That alone may result in up to 300 cuts. Then, STX is being actively offered to some of the major... — read more
I'm wondering if the folks who were cut in the past year were able to find a new job by now? This question especially goes for those who were cut since the pandemic - is it as bad as I fear or are there some opportunities available after all? I'm... — read more
Curious why “local” management would cut two very experienced and trustworthy const foremen just to put someone with no knowledge of the job in their place. That seems to be poor management at its best or DD taking care of his friends. Oh, excuse me... — read more
I've heard layoffs will continue for the next month or two and they are looking to get rid of a significantly larger amount of people than originally planned, is this true? I've heard people even mention 1000 folks will be cut which I think has to be... — read more
Just read the revised leadership structure. Still looks mighty white. For the record, Donald Torres is not Hispanic. This may not look obvious to most but look at south Texas leadership vs management. Not too many Hispanic names.
Does anyone else find it interesting that land cut over 20% today but not a single land E&P manager (6) or supervisor (5) was touched?!? Plus multiple other managers/supervisors in the department. They do zero of the work and get paid 2X as much. ... — read more
Cut him some slack. Not his fault prices tanked. He is a strong leader and will come out of this with the company in a better position. Peace.
The media says 200 but some people are saying that the number is much larger. Is there any way to find out? Just to know how worried I need to be today.
Let’s be real, laying off 15% of the current staff is still not enough especially with impending asset sales. Productivity levels are going to continue to stay low as rumors of layoffs hang around. If executives really wanted to set the company up... — read more
Yes, there'll be layoffs soon, probably before the end of the month but it has not started today. If it was really a layoffs day, we would have heard by now - whoever's been here for the past few rounds knows this. If anybody has some real layoffs... — read more
When I left ther a couple of years ago it was said that the New Leader was bringing all this exceptional talent from his previous “employers”...... I only heard of one coming, but he had to be terminated for making “racial slurs” against... — read more
Did they offer VSP to everyone in marketing? Also is it the same as the severance package? Also is it about to be bloody Tuesday again?
2 business units under purchase and sale agreements. Feels more like a Chapter 7 bankruptcy now.
Willing to bet AKM is still alive and well, waiting for the right moment to take back CHK! He can easily do it through his sons. If the McClendons were to come back, everything would be put back in place! Including the beautiful Christmas lights.
Doug has always said the employees are the most valuable resource. Then he sends out that video saying the majority of us are lazy and incompetent. Sounds like we aren’t that great of a resource. So why care anymore. They don’t care about us.
we should be reading about it any day now in the Oklahoman. Bankruptcy will be good. Lean this bloated pig out to a skeleton crew and sell most of the assets. That has needed to happen for years. Work on growth again from a new start, once... — read more
We bought Wildhorse - made those owners and a few shareholders millionaires and used them like an anchor to keep underwater. Focus on re-entry of existing, depleted wells w/ new casing and latex cement !!!!
Where are all the frustrated stockholders and the general plethora of haters?
Wyoming was once the hot spot that was going to save the company and now it's considered not profitable. Was it because they spent so much money so fast trying to make it work and then the market crashed from the pandemic and wells were forced to be... — read more
go get em
Rumors of 200:1 stock split, delisting, bankruptcy, and lay-offs.
or be thrown out DL going to jail