Devon Energy Corp. Layoffs

Topics regarding layoffs at Devon Energy Corp.

Can you explain Vision 2020 to me?

Will a rabbit pop out of a hat then? It seems the results to this point are to diminish the company, lay employees off, and reduce the stock price dramatically. As a stockholder, that seems counter-intuitive. Is something wonderful supposed to... —  read more 

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Post ID: @105rZZLU

Canada closes

The Canada sale closed today, DVN truly a shrinking violet. They could not get RD off website fast enough.

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Post ID: @ZLv9J9S

Pull the trigger already!

Canada sale finishes up at the end of the month. Hoping soon thereafter for an acquisition by a major, or a merger with a larger company. Worst part is waiting for something to happen. Folks are sick of the cost saving exercises that feel like part... —  read more 

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Post ID: @ZIgXNLE

His finest hour?

https://www.cnbc.com/video/2019/06/19/devon-energy-ceo-david-hager-oil-crude-gas-commodities-squawk-box.html

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Post ID: @ZDEicMu

Value destroyed

Between Northstar, Anderson, and the short lived BP Oil Sands deal, Devon spent well over $10B. Now they sell off the Canadian assets for $2.8B. Thanks for destroying value! The entire executive leadership team should be fired, but we have a do... —  read more 

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Post ID: @ZkR8eQ1

Canada out!

Hurry up and get it done. Or start the restructure in Canada. Too many people keeping their thumbs warm waiting ever since the divestiture announcement. Make the changes already

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Post ID: @ZamsJL4

Poor middle and upper leadership

Devon management is weak on articulating clear lines of authority and establishing strict accountability, in effect, many times promoting people they like and trusting them to figure out the job and do what what's right. Well, more than a few... —  read more 

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Post ID: @Z5PSdkv

Emergency Announcement- For Immediate Release.

Emergency Announcement- For Immediate Release. From under the superintendents desk, Widetrack has an important announcement for your safety. People of the tower, you have probably seen the minor event taking place at the tower. Rest assured my team... —  read more 

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Post ID: @Z4AxOPl

BU control

I feel that leadership will continue cutting personnel in OKC and slowly give each BU more autonomy because there won’t be enough OKC staff to perform the job when the cuts are done. I generally agree with a de-centralized command model but not if it... —  read more 

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Post ID: @Z3uuvna

Learn something new

There has never been a better time to focus on learning new skills - it doesn't take a genius to figure out that both this company and this entire industry will continue to shrink. If you don't expand your skill base, you might find yourself in a... —  read more 

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Post ID: @YZj2nv9

NEBU

Anyone here that the Sushi guy at NEBU was laid off this week. I guess no ones safe around here.

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Post ID: @YXwEPY0

Earnings Release Prediction Thread

Predictions: We have a buyer for Canada. Everyone part of the layoffs associated with Canada divest to be notified by end of this week. More details on layoffs that will occur later this year. No one cares about our company's earnings. Any other... —  read more 

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Post ID: @YPA8ZEg

In a galaxy not so far away...

The republic has lost faith in our leader Darth Hager trying to bring us to the dark side of the force. Wade Skywalker is no longer Padawan and will follow the likes of Tony Maul. The Republic is losing hope...

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Post ID: @YKnKNNp

:(

A coworker once told me, “give Devon two years and it will s--- the life out of you.” Truer words have not been spoken here.

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Post ID: @YIUyRHm

Have faith in leadership

I think this leadership has proven in the last several months it has a vision for Devon that is leading us in the right direction. Just look at our stock YTD. I know a lot of people want to leave, but honestly, I think that would be a mistake right... —  read more 

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Post ID: @YIWwNgQ

Devon layoffs in May?

I heard that layoffs may happen next week or they will be postponed until May. It’s messed up what ol’ butterfly is doing. Makes a statement about mid April and so far hasn’t followed through. Next week we’ll find out if he sticks to it. Another long... —  read more 

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Post ID: @YE7F4tV

CVX Takes Down APC

You think Sandusky would have taken a 40% premium to current share price?

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Post ID: @YxanASp

Time to sell

FOR SALE: Formerly great oil company. CEO and COO won't leave until someone buys. Comes with large building that could be used for... could be donated to Oklahoma City as a tax write off. —  read more 

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Post ID: @YxXyvX5

Accounting Employees

How much longer will accounting folks be left hanging. I think the waiting is worse than the actual event. Get this over with!!

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Post ID: @Ytgc4hS

AP Bots! Mega-Thread

Will management ever realize what an utter failure the bots have been and how much money we’ve sunk into them with minimal return? Obviously they know this, but it keeps getting pushed harder and harder. It’s past the point of no return. I have an... —  read more 

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Post ID: @YtXmsqN

Job Market Keeps Slowing

https://www.cnbc.com/2019/04/03/payrolls-up-129000-in-march-way-below-wall-street-expectations.html Get out now. Run and never come back. —  read more 

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Post ID: @YoVHin7

Artesia

Wtf?? Revolving door over there

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Post ID: @YmGu34i

Any word of New Layoffs?

Is it possible that nothing is at least rumored. Kind of strange given that they weren’t shy to announce that layoffs could continue throughout the year. At my office there hasn't been much talk in the las couple of weeks, everything is back to... —  read more 

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Post ID: @YjeKBZY

Tired

I’m tired of these know nothing VP’s blaming everyone above them and below them for all the problems. They’ve apparently learned from the guy at the top on how to be Teflon. Maybe they believe they can save the ship but they are just sinking it.

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Post ID: @YfsDBdM

The Facts

Let's get the facts straight. 1) Devon is not a good long-term company to spend your career. What once was, is no longer. Those who still tout Devon as being an incredible company are blind. Don't listen to them and focus on doing what is best for... —  read more 

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Post ID: @YdKpc8G

Numbers

What's the total headcount at Devon now?

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Post ID: @YdLR1BV

Entitled Devon Employees

I have to assume most folks on this site are complete trolls or they are bitter from a sense of entitlement. For context, I've worked in several different companies across different industries and I've been at Devon for a little less than a decade... —  read more 

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Post ID: @Ybuq8Du

Top 100 company to work for?

Do they still keep the trophies out on the reception desk in the rotunda? I remember laughing about those the day I was laid off in 2016. Thinking Devon wont see any more of those anytime soon.

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Post ID: @YaYq8q5

Were there any more layoffs these days?

I know the official announced part of the layoffs has finished, however, I donćt doubt for a second that they will continue unannounced for a longer period of time. So, were any Devon folks laid of these days and ig they were at what locations?

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Post ID: @Y9TEQQG

The job market

I heard a lot of opposing opinions on the topic of how strong or weak is the job market right now in our industry. How hard is to land a job at another company? I see a lot of people complaining how hard it is, but i didn't see many of them that... —  read more 

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Post ID: @Y4Y7LWK

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