Somebody noted that layoffs have already started yesterday, is this true? If it is, what is being hit? How come we haven't heard more about it?
Topics regarding layoffs at ConocoPhillips
Alternative energy
Total is buying a 20% stake in an solar energy company. I heard that MF has COP looking into coal and ceiling fan companies. His Analysis will be completed in 2027.
Why wait until Feb 15?
If the shareholder vote is going to occur tomorrow then why wait another month to implement the changes that have most likely already been decided at this point? Lower 48 has been pretty tight lipped regarding information and no signs indicate... — read more
Concho retention
How nice it is to be bought! Here at Concho we are just counting our 2 year retention bonuses - $52MM to dust off my resume and start a job search. Thanks ConocoPhillips!!!
IT Buzzword Bingo, version MMXXI
Today's IT buzzword is Evolve. It means that IT leadership will shrink here and grow there making it look like something new has emerged. But it's the same people sitting at the top and middle levels of the IT food chain shuffling themselves around... — read more
New Org Charts Released
Any thoughts on the latest org chart released 1/7 ? Looks like two separate entities for L48.
Happy New Year
Back this week, I’ve had a lot of vacation time to reflect on why we remain so messed up, and wonder why I’m dreading going back. So, a couple of things— First, we lack a proper peer review process, and/or a post-audit feedback methodology... — read more
Texas Workforce forms delivered Christmas Eve!
Haven’t heard anything official from COP about being part of the huge layoff, but I received 4 letters from Texas Workforce Commission outlining my layoff...all in Christmas Eve! I didn’t receive these last time we had a WARN notice. Did I get a nice... — read more
Special Meeting
How are you voting your stock? Would be interesting if COP employees could control the destiny of this vote.
Texas Workforce Commission list missing details
COP might be the only company on the sheet that didn’t submit actual estimates for layoff numbers. Maybe the machine learning models aren’t quite done running yet. https://www.twc.texas.gov/files/news/warn-act-listings-2020.xlsx — read more
COP Layoff Number XLMCVII
How many times would dead wood be cut if a company could cut wood?
Layoffs should be in Alaska
Poor management, like the Unknown Unknowns guy, incompetent new hires, facebooking and PowerPoint stealing millennials, and exploration who had to look at the results of very small independents to find opportunities in COP Alaska's own backyard, How... — read more
Conoco Employees unhappy, forced ranking system
I had an interview with Conoco some years ago. During the interviews with various groups I observed signs of competing and warring factions. Then in an interview with two technical folks who would be my peers if hired, one attacked me in such a way... — read more
ConocoPhillips vs Concho employees
One thing I find interesting here is the difference between the ConocoPhillips site vs the Concho one. The people from COP seem so much more bitter than Concho’s, surely for a reason. In the Concho page first you don’t see that many responses, which... — read more
EOI Update
Here’s an update on EOI (since our transparent communication process is not working): (1) ELT caught off guard by the number of folks who requested EOI. 60% greater than what they’d “hoped” for. Will require a lot of work on how to respond... — read more
Townhall Summary
Any details from today’s town halls?
Take back pay raises and cut staff and buy companies
The Concho purchase is financed partially with money stolen from employees. If times were truly so bad that 401-K deposit commitments can't be met, pay raises stolen back after being given, and VCIP is up in the air, and yet we can buy companies. — read more
Cost saving idea, Contracting
Why is ConocoPhillips paying $58 and hour to contracting companies to provide skilled workers, when the workers are working for 50% less wages than permanent employees. Just pay these contractors their pay directly and get the contracting compaies... — read more
How do we know we are not next on the list?
Yes, this time the warn is specifically for Houston, but how certain are we that there won't be another announcement next week or the week after that? I just think that people who are breathing a sigh of relief are doing so prematurely. This is far... — read more
What departments
Any clue on what departments will be hit hard?
What percentage this time for Houston.
Alrighty gang. So we got the warn letter. Which means layoffs after 60 days. We know it's only the houston location, per the letter. But does anyone know what percentage is COP targeting for this layoff?? 10%, 20% ?
Early layoffs before Christmas?
Has anyone heard anything about a warmup round of layoffs before the end of 2020? Been hearing some talk of this.
ConocoPhillips Layoffs 2021
This is a generic discussion thread to capture comments about potential ConocoPhillips Layoffs 2021? Any news or rumors?
Dominic Macklon Video
Saw this filed on SEC.gov site yesterday The Integration Planning Team (IPT) remains hard at work to successfully bring Concho and ConocoPhillips together, while also addressing the ConocoPhillips-specific cost and capital savings workstreams. I... — read more
Bakken bummer: Oil industry still struggling with slumping prices - baaaam
Oil industry layoffs across eastern Montana and western North Dakota now represent more than 20 percent of that sector's workforce in the region. The... — read more
Time to remove safety from “spirit” values?
What in the world is going on with clear COVID office spread being covered up and/or ignored by leadership? When does science and medics guidelines supersede chasing pennies on our stock price? Doesn’t seem too aboveboard that announcements of cases... — read more
Today’s Announcement?
Heard something is coming...any guesses?
Layoffs
20% to be cut in Houston office Monday the 16th.
Does CoP really value immitation of work than real work?
Over the past few years I see less and less competent supervisors assigned to the teams. They have no deep knowledge of the subject, so they have very little idea what type of work takes a lot of effort and what does not. I was randomly rewarded... — read more
Concho Purchase and Reorganization coming.
You are right, with Concho purchase comes a major reorganization and it’s time to cut Bartlesville loose. Bartlesville has outlived it’s usefulness and is remote from company activities. If we need a second corporate center we will have plenty of... — read more
Have the ELT earned these shares?
https://ca.finance.yahoo.com/quote/COP/insider-transactions?p=COP&.tsrc=fin-srch
It was a bumpy ride
After 40+ years in the industry it’s time to hang my hat. I’ve seen a lot of changes, a few of them okay, but most made me scratch my head and think “you stupid id–ts”. I’ve gotten too old for all this bureaucratic nonsense and other things I see... — read more
Year 2020
Is it just me, or has anyone left else noted in our online meetings that both our CEO and CFO added a lot of “poundage” since we’ve been shut down?