Just watched 2 well paid good older workers get walked out today. Their jobs were eliminated. We just hired someone last month (young and cheap). Twice now. No more big layoffs, just small ones you never see coming. HR made sure management couldn't... read more
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Topics regarding layoffs at Denbury Resources Inc.
Sounds like quite a few engineers are making a run for it. Looks like it's time to split before your workload doubles...
But oil is at $50.. there are no jobs out there! Surely, no company is profitable in this environment; you should be thankful to have a job.... blah blah blah.. At least that is what they have been feeding us. This is what happens when you keep... read more
If you were impacted by the last RIF, please comment and advise whether or not TWC has approved your unemployment benefits. Myself and several others have been denied until our severance weeks end while others are receiving payment. This is... read more
Ask truly anonymous questions for the townhall meeting here! Go wild!
After the promotion announcement and more I really doubt the cost savings lines. We laid off only to promote and I'm sure give raises to new VIce Pres? I'm sure the majority of us will go on to year 3 with no raise and less bonus and benefits. I was... read more
Or should I say - will DR be around in year? Honest question.
we are just not getting good SAP IT support. no one knows the big picture and on top we have been asked to stay patient. this is just not working.
If you don't like it, get out. If you don't like the new leadership, get out. If you don't like the measures being taken to survive, get out. If you're one of these people, you are a huge part of the reason Denbury is in this mess. So blame yourself... read more
“It can’t go to 0.” Paste this chart to your wall and look at it every time you have that thought. http://on.mktw.net/2wU7SMe
I read an artical years ago, I think it was written for the WSJ, as Gareth left. It read Denbury would not survive, and the only way Denbury would make it, is if Gareth came back to run Denbury . TPG was a major player in the Gareth era . So maybe... read more
I'm on the hunt and hoping to find something before things get any worse. It is really, really sad though. Denbury used to be a great place to work, far better than anywhere I was before. Now they are slowly chipping away at our income and benefits... read more
What's the likelihood that we'll be declaring bankruptcy in next 6 months? What are your thoughts?
There will be so few employees after the next layoff in 2018 that the remaining staff will have to work 7 days a week just to keep up, That is unless DRI can start selling off fields such as Conroe and most of the So. Houston fields, Thompson... read more
It's sad when shareholders rejoice at news of layoffs. So many overpaid managers who still receive bonuses in Denbury, but hey, that's not the issue, it's the regular employees who are the true leaches! Damn it, this makes me angry... read more
Would rather get $0.05 on the dollar than $0.
Keep hearing this around the office. Is there truth to it?
This was the worst run layoff ever. Nobody in HR knew what was going on and when I would finally get someone to give me an answer, it was wrong (2 times). I don't agree with who I was told had to be laid off. It wasn't the people I said. They weren't... read more
As part of the severance package, there should be several months of COBRA coverage available. But when that runs out, if you don't have a job with benefits (or a spouse with one), here are a couple of options that I'm aware of... read more
One geologist already has a job offer. There are jobs out there, so be sure to apply to as many as you can, and network. And don't forget that you can immediately apply for unemployment, even with a severance package.
guess someone said something a little to mean spirited in the thread. I didn't get to read. Can someone paraphrase for me what it all said?
Why lay off so many dedicated, lower paying positions and keep most of the over paid management? They still haven't figured it out. New leadership failed just like the previous. We could have saved twice as much with a smaller headcount.
When one door closes another opens. Keep the faith! and network....this could be a good thing as it was for us after the earlier one.
6 in land D/O area
The last 7 days and really the last 3 years since my divorce have been rough. I appreciate the severance package and am excited to get back to enjoying life. I wish everyone who got let go today and those who didn't the best of luck!
Enjoyed working with all of you.
Just saw a manager ask someone to come talk to them. Manager no longer works in DD but pulled a DD geo tech
How about tomorrow's meeting at 10:30 entitled "Post notification meeting" scheduled by the same person who scheduled the "Thursday's events" meeting? hey, at least we know what time to expect the torture to come to a close! Is this real? Should we... read more
Companies in oil and gas industry have been under-reporting layoffs by a staggering amount, it seems... Show of hands who is surprised by this? Yeah, I thought so... read more
How does Denbury handle severance? One week for every year with the company? Or is there some other system they apply?
Managers all had a meeting this morning and left with packets.
As in, reduce their number? Yes, no, maybe?