There's been some chatter about more cuts, does anybody know anything concrete about it?
Topics regarding layoffs at Devon Energy Corp.
This board used to have many active posters - but I guess they are all gone (or Wide Track got rid of them all). What's the lastest news from inside the corporate Tower?
It’s a sad day here on broke back mountain. It appears the father of wide track aka light bulb head, has finally been burned out if you will. It seems that without his army of knife wielding ehs “professionals” lead by his general wide track, his... — read more
What a colossal waste of $$. i don't miss driving downtown to use a phone and computer at a desk to communicate with someone in Odessa since i already have a phone and computer and desk at home. i do miss the cafeteria fish tacos though
The back stabbers and the “yes” men everywhere. This seems to have become a really popular way of behaving here. Terrible and quite exhausting, but it really feels great to anticipate the back stabber's move and stop him in his tracks. I hope he... — read more
Do you think due to the recent re-org, future planning, current free cash flow, and even more recent spike in oil prices we can FINALLY take a breath and maybe have a good 3-5years of stability and not have even think about looking on a site like... — read more
So another round of layoffs to take place by September. By the ghost of wide track himself it will happen. Prepare yourselves. Two man enter, one man leave
I for one am so happy that all the VPs seem to have kept there jobs and we even picked up a few new ones. This pay WPX to takeover Devon plan was a great idea. DH made out like a bandit. May the odds be ever in your favor....
Why are there no comments or new threads given the current situation here?
Employees transferring down from Tulsa will have mandatory mid-afternoon breaks in which they have frappes and gelato at Aravalli. This will serve to advance two complimentary missions of the New Devon, (1) keep Aravalli in business, and (2) get new... — read more
I work in HR and just been prepped to prepare for mass layoffs by end of Jan. WPX guys are thought of as much more efficient workers than us Devon folk and any of you who have been asked to justify your role without being told you are safe are... — read more
OSHA has officially come to a position regarding the final recordkeeping requirements for all of widetracks victims. All backstab nicks and graze wounds will be still considered first aid, however anything more significant including final death blows... — read more
So now we have to submit resume for our position. Hmmm. Well AP, hope you built your resume. Doesn’t look good with all that leadership. Some people have been protected by others who are not there anymore. Does anyone know when the next layoff will... — read more
It’s gotten to the point where I am this close to start applying at convenience stores and fast food joints just to be able to get by until I find something more lucrative. How is everyone else doing in the job market search? Does anyone have any... — read more
What is the typical interval that a new CEO would hold out before they approach a new love interest to unload there bucket of fish? I figure 2 years at least but is there a way to skirt tax rules? How long do we hav to to put up with the smell of... — read more
We all know layoffs are coming with this 'merger,' but what I'm interested in is how bad will they really get. I'm getting a feeling that a lot of people are minimizing the scope of what's about to happen and I think too many might get caught with... — read more
Based on the SEC disclosure for the merger WPX executives get a 44 million payout DVN executives get a 37 million payout Expected to shed 100 million in G&A in order to make up for these payments. This merger is not beneficial to the shareholders... — read more
Devon has a big back and backs make the best targets. https://finance.yahoo.com/news/kaskela-law-llc-announces-shareholder-023400823.html
Are there a set of rules that staff are frozen in place till closure? It would seem reasonable that there would be a monumental m—acre of staff on both sides to improve golden parachutes for senior management? Remember these are tense times for... — read more
So, they laid off people in the beginning of Sept and by the end, they're talking about acquiring WPX.. Wow, just... — read more
What if DVN had invested in other companies vs. plowing $4B into stock buybacks in late 2019? Here's a couple scenarios.. if we had invested $4b in Amazon, it would have $6.9b today. if we had invested $4b in Telsa, it would have... — read more
Do you remember when we joked that Vision 2020 was going to be the price per share? Well thanks DH you have definitely "exceeded expectations" and went above and beyond. I should just flush my shares down the toilet because that is that is what... — read more
I've heard a few people mention that we might be seeing more layoffs before next month, is this true?
Is it going to be Tuesday for Land?
Guess they are waiting for next pay period to do another round?
Is this true ?
Accounting is being hit as we speak!
DBBU drilling ... what the hell is going on there? Kickbacks, backstabbing, firings. Getting ugly.
I’m wondering if layoffs will affect the field as an employee can’t just believe it although we were doing really good as a company what happen ????
Gotta get to $100 million somehow... just headcount? benefits? (contributions to 401k, HSA, worse health insurance, etc) both? what do you all think? Hopefully it's quick to happen - s—s to have this hanging over your head for months... — read more
At the sake of the very employees (and soon ex-employees) that help you run a company. So glad to hear Devon is boosting the happiness of these shareholders, as I am sure that they give a sh– if Devon is still around next quarter. But hey! ... — read more
I would like to say thank you to those 20+ people that followed cdc guidelines and wore a face mask in a public setting. I dont know where you have been or who you have come in contact with. I know you realize that it takes 4-6+ days for symptoms... — read more
CHK, a near bankrupt co. curb stomping the rest of the shale stonk market. To the moon!
Another one is coming....
Built to satisfy an EGO
As a former laid off employee. I'm glad i haven't had to experience the environment created by the last few years. But I knew the willpower and determination of the remaining few would prevail, so i invested at the low. You guys/gals did a great... — read more