Devon Energy Corp. Layoffs

Topics regarding layoffs at Devon Energy Corp.

Where is Devon headed?

Can someone explain Devon's long-term strategy, please? I don't get it. Dying on the vine doesn't seem like a viable plan, but it sure seems like that's the company's direction. Maybe it will just buy back all its own stock and the board of... —  read more 

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Post ID: @12X2bQax

J.C Anderson would be rolling over.

What has become of such a great company. When JC sold to Devon, just like all of us he envisioned his Co. was in good hands. The Canadian portion sold for pennies on the dollar. I was a Devon loyalist, and if it was what was best for Devon then so be... —  read more 

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Post ID: @12Sk8DO0

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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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Post ID: @111yHZy1

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