Devon Energy Corp. Layoffs

Topics regarding layoffs at Devon Energy Corp.

Devon deserves exactly what it is getting

having done business with CHK AND DEVON for decades and having been a long time oil producer in 8 states, my view is Devon has followed a similar path in operation style to CHK. Wasting money at every juncture, horrible high cost operations in the... —  read more 

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Post ID: @11ZLAVuw

Hedge Funds and Institutions Dumping Devon Stock

Follow the money. Chesapeake here we come. https://www.nasdaq.com/market-activity/stocks/dvn/institutional-holdings https://finance.yahoo.com/news/hedge-funds-selling-devon-energy-185559432.html "Heading into the third quarter of 2019, a... —  read more 

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Post ID: @11YSwwpJ

When will AP be outsourced?

This group could easily be outsourced and save the company several million a year. EASILY. I’ve heard everyone in AP wants out so it’s a win-win.

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Post ID: @11Skk3uB

Barnett Sale

Anyone know when the Barnett Sale will close?

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| 1050 views | |
Post ID: @11RW1t41

AP Rocks!

I’ve been in AP for several years and I LOVE it here!! I have had so many growth opportunities in AP and it really is the greatest, most rewarding group in the company! Every day I walk into work I am exhilarated for the new challenges! When... —  read more 

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| 1483 views | |
Post ID: @11N44zIC

$19.80!?

Great googly moogly! If you're still there (and I seriously question why you would be), get out of there asap! Waiting for a severance package (and a Christmas bonus) ain't worth it!

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| 1947 views | |
Post ID: @11Ak0zqV

9 reports - CUTS

https://www.news9.com/story/41127292/devon-energy-announces-layoffs-at-its-okc-office

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Post ID: @11mlh0By

I Like This Site

I like to upvote every reply to all of the posts. It is just so much fun.

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Post ID: @11lGr8rf

Need to cut more

We are not sure why they only exited a paltry amount of people. Much more is needed and will absolutely happen in the future.

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| 1380 views | |
Post ID: @11kH1Zvc

Next on the auction block...

CNRL got the assets for a song and a dance. Market realizes that and DVN stock flat/punished. Sad, went from a decent company to a POS. Next on the auction block, DVN Energy.

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| 894 views | |
Post ID: @11jTqT9a

Layoffs are happening now!!!

Get excited folks. Anyone who gets a pink sheet today wins the lottery! May the odds be forever in your favor PS: Contractors are also not safe...

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| 3686 views | |
Post ID: @11jyotUb

Who will think of the poor VPs?

Wow, what a monumental announcement they just made. There’s likely to be hundreds of people laid off in the next month. And it now looks like a whopping 3 of them will be VP level or higher. It is a New Devon, after all. I just pray we can survive... —  read more 

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| 2042 views | |
Post ID: @11gaUSb2

Layoff Postponed for Devon Spooktacular

I know everyone is wondering why the layoff didn't happen yesterday. I have it on good authority that the Board wanted it pushed into October so it could be rolled into the Devon Spooktacular™ festivities. So use this reprieve to get your... —  read more 

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| 2054 views | |
Post ID: @11f1oo2Q

Wisdom of T Boone

T Boone Pickens once said “If you’re not replacing your assets, you’re liquidating.” Smart man.

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| 1273 views | |
Post ID: @11dKeZd5

Keep on Dancing

Our company just spent two weeks dancing and making absolute fools of themselves. What happened to a professional work environment? Meanwhile Continental, EOG, ConocoPhillips, etc are working hard, growing, and creating value. I doubt they announce... —  read more 

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| 3531 views | |
Post ID: @118wdJbH

6 Years Ago, I Hit The Lottery

6 days ago, I hit it again. It’s pretty weird to be so glad that I no longer work for a company that I was so happy to have me hire, but there you have it.

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| 2251 views | |
Post ID: @118UJVRV

Layoffs/Re-org

Any idea when those layoffs are supposed to take place? What rumors are out there?

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| 3270 views | |
Post ID: @115EdOlf

please cleanse us

Elliot mgmt, please cleanse us of TV, TM and WH’s sins. wash the taint. Please return us to being a real oil company, not a private country club for these sick cuuucks who have been running the company into the dirt.

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| 2039 views | |
Post ID: @114FX8dh

AP’s Downfall

Now that all of AP’s supply chain contacts are laid off, more problems will plague the group. PO integration will get worse, more invoicing issues, etc. Several people in the group are close to leaving Devon. No one likes the current invoicing... —  read more 

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| 1921 views | |
Post ID: @114od9Xb

It Has Begun

In every battle, there are those who survive, for no known reason. Today, some lucky few were chosen to have liberty bestowed upon them. For the rest who remain, we salute you. Good luck, you poor b–tards.

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| 4335 views | |
Post ID: @111yHZy1

Asset sales

Does anyone know what assets are up for sale soon? Heard the Anadarko is on the chopping block.

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| 1589 views | |
Post ID: @10Ziqm5i

New Devon becomes "Devon Hospitality"

The transformation to New Devon, a.k.a. Devon Hospitality, is nearly complete. Once Devon can divest the remaining oil and gas assets, they can focus on their core business of hospitality which is not as sensitive to commodity price... —  read more 

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| 2575 views | |
Post ID: @10OOpMco

When does the selling end?

Canada, Barnett, Anadarko, what’s next? At what point will the Exec team admit that all we are trying to do now is stay afloat and get a life raft from a major?

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| 1675 views | |
Post ID: @10M3kX46

Layoffs in ABBU?

Rumor going around that there will be an announcement soon about layoffs in ABBU. Anybody hear anything?

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Post ID: @10Mtt8lk

Asset Sale in Progress

Will this one actually go for fair market value? The Canadian assets were let go for nearly $1B less than fair market value. Is this another desperation sale of assets from the clearance rack?

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| 902 views | |
Post ID: @10LPeqLS

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