California Resources Corporation Layoffs

Topics regarding layoffs at California Resources Corporation

Bankruptcy Announced

Toxic org spun off from a toxic org...full of toxic attitudes and a toxic financial statement. Corp culture is trash. After a ch 11 reorg another round of "lunch meetings" am certain this will be a topic again in another 5... —  read more 

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Post ID: @OP+160UvwTn

CRC Bankruptcy Expected?

Four candidates: Oil prices imploded earlier this year, which has decimated many oil stocks. Things have gotten so bad that several have already declared bankruptcy. That trend is likely to continue in the coming months. The list of at-risk... —  read more 

No Firesale Here

Shale production will decrease. Oil price will rise. We will do more JV. We will reduce debt and refinance the rest. Share price will recover. We are not do fire sale here.

Final Check Question

If the last day for notice pay is April 17 and crc continues to follow the same pay schedule, that means that there is a payday on April 8. Do we get paid on April 22 for a week of pay or are we getting shafted again?

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Post ID: @OP+GHoh8tl

Prospective employer confirms CRC employment through a service. Employer calls or via computer gets employment dates and salary.

I was told that only dates and salary are given out. No reason for termination, etc. No CRC HR personnel are involved. Looks like CRC cannot screw you over one last time. If you are using someone at CRC for a reference that's different. Prospective... —  read more 

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Post ID: @OP+GB5v4k2

WARN ACT PAY? UNEMPLOYMENT?

I WAS LAID OFF ON 2/17/16. DO YOU KNOW IF THESE 60 DAYS NOTICE ARE CONSIDERED WARN ACT PAY OR PAYMENT IN LIEU?. I DON'T KNOW IF I SHOULD WAIT TILL THE END NOTICE DATE? IF ANYONE HAS MORE INFO? Section 1265.1 of the Code specifically states WARN Act... —  read more 

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