Remember when we all we told about the grandma on the plane and that Chesapeake was the stock to own? Well since chk stock is down ~50%. Hopefully that grandma didn't buy any shares, shame on you DL
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Topics regarding layoffs at Chesapeake Energy Corp.
Doug Lawler gave an interesting view on the purchase of WildHorse and announced some better times for the company. This time I have to say that I agree with him. We have been through a lot and for the first time in a while, it feels like the company... read more
I don’t know why everyone is so upset. We just added several hundred thousand acres of wild horses to our circus. We are now officially the Barnum and Bailey of OKC.
It's another private-equity-backed emerging-play company getting bought by an "excessively" levered gassy E&P for "some blend of financial engineering and strategic shift," says the firm's Bob Brackett. And in the end, that deal was a disappointment... read more
Most of the CHK dead wood to be replaced by wild horses.
What happened? Did it fall through?
Whose genius idea was this to shut down the San Antonio office? It was obvious that we were not using all of the office space but we were stuck in a contract. With all of the time that DD was looking at the locations of trucks, he couldn’t spend a... read more
The San Antonio office is going to look like your living room on Christmas morning; people are going to be accepting packages left and right with great big smiles on their faces.
Here comes a RIF. They are about to thin the herd, my friend. You are a patsy for your bosses preferred employee. That is the groundwork for middle management to control who is first picked to join the open market.
Has anybody at Chesapeake survived being put on PIP? Or should I just pack my bags right now?
Have you made your decision yet? Post here. I have I am going to take the package I figure with the severance and the separation date not until after the first that I will have ample time to land a new position. 1 interview set for next week already... read more
We're part of a group of people who worked with other groups to switch everything to SAP and can tell you how messed up the final product is. I though surely one of the consulting firms we paid millions to or that edge team would step in to fix the... read more
I hear there were several that had to lay off food after the giant get together yesterday. Great job by all the skilled chefs. I know that was mainly about raising money for United Way but I have not seen so many people that happy while at work in a... read more
Today was the day, wishing all the affected the best. Chin up, there is life outside of CHK.
I am curious if we could make up some crazy a$$ position such as, I don’t know let’s call it EHS Manager of planning, budget, and communications. If so can we magically create this job and then not post for it and not allow others the opportunity to... read more
Does the company have to pay a relocation bonus if the office where I report to is moved 110 miles from where I currently report? Or offer a package if I choose not to relocate? Let's just say hypothetically
Another one bites the dust. And another ones down and another one bites the dust. We should get a loud speaker and play this from the top of building 1 every time someone resignes. This could be the exit theme song for the mass Exodus.
I left CHK several months back, did they ever sell/rent those East buildings? Last I had heard they were looking into consolidating into fewer buildings but did not know how to divide the HVAC loop that is tied to those buildings. Also, the daycare... read more
About 200 exec-level jobs to be cut by end of October. I hope this is the last round of layoffs.
Here you go! Not that i’m surprised, cause this is the classical Chesapeake way of doing things: They sell some assets, fire some people, and when that’s not enough then they print senior notes. What pisses me off even more is that they don’t plan to... read more
Utica closes in two weeks... guessing we should all get ready for a round of ‘Who gets the ax?’ The Jobs posted online are mostly for very technically savvy employees. Pretty sure an accountant can’t fill for a geo spot.
Things starting to look up!
I asked my supervisor this morning if they have heard on our stance for the new medical patient cards. He told me that the last he had heard we aren’t changing our stance and if anyone got the card, they would be fired. SMH. I kid you not, he then... read more
Does anyone have a guess when the next wave of layoffs will be?
I received my email confirmation this morning that I was one of the lucky ones chosen to get my legal medical can--bis license approved yesterday. That was quick. I should have it in my hand by next week. How many others submitted their application... read more
On the Board of Directors is a man who literally ran Kerr-McGee into the ground. Why is this genius Luke on the Board of Directors? I guess it's great if he is helping Chesapeake ride off into the sunset, too.
We now have plenty of competition from all the people leaving Devon. Could it actually be worse than CHK? Nahh...Nothing could be as bad as having Douggie.
With all the drama in Chesapecker land, it sure would brighten our spirits if our wonderful leader would light it up a Christmas. It might send a message we are still part of Oklahoma City.
I keep hearing rumors that management’s goal is a $30 stock price. Is that a possibility or are they just dreaming?
The bros running accounting keep taking care of their gang. How someone is demoted five months ago becomes a sr. Manager is just beyond me. I guess it pays off to be a culture champion.
I left voluntarily a few months ago after less than a year. I knew I was not vested in the 401K but to my surprise Fidelity mailed me that CHK had violated some IRS rule and low and behold I was entitled to their contributions as well. If you left or... read more
Like it’s a surprise or something?!?! Let’s clear the air here. If you’re a CHK employee you are at risk of being laid off all the time. 365 days a year. It’s a choice you choose to live with by being a CHK employee. So just s--- it up or go to work... read more
Does the relaxed dress code and Roth IRA supposed to keep people from leaving? Especially knowing there will be another RIF on campus after the Utica completely closes.
Rig count down to 17 selling off another major asset future is bright!
I'm hearing another round of layoffs mostly at HQ will be announced by end of month. The number floating around is 20%. Hope they lay off middle management.
Do we ever get a break from Wall Street? Every earnings report we get taken to the woodshed. Every time. When was the last time we had positive news?
Maybe the crooked management here in Louisville will get axed with the acquisition. Too much vendors with benefits floating around here. Needs to start at the top.
One would have thought it was going to be Verizon. With all the friends and family getting hired.