Devon Energy Corp. Layoffs

Topics regarding layoffs at Devon Energy Corp.

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

Asset sales

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

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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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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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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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Post ID: @10LPeqLS

Get Out Before Next Recession

There will be a stock market collapse and recession within a year. Just like in 2008. Devon is not positioned well to weather the storm. Get out of this sinking ship now while companies are still hiring. Move to something more stable. Such pathetic... —  read more 

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Post ID: @10L3K4v7

Incompetent

Worst company ever. Bp’s and Managers are technically weak but trying to make decisions when they don’t understand simple math/physics.

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Post ID: @10FT3Za4

21 VPs

Still have 21 VPs. Need to cut. Can start with W-H, id–t that came over from marathon, claimed to be expert in STACK, sh*t the bed on well spacing.

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Post ID: @10DmPJH2

Attorney?

Does anyone know who the best employment attorney is in okc? That will be ok going up against this place?

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Post ID: @10noXHwy

Blockchain in the wind

Goodbye Dr M—ton, you were the greatest sweater wearing toker, in the history of Devon data science, Even when you flopped, you fabricated complex sounding bullsh** And the leadership you had knew nothing more And it seems to me,you lived... —  read more 

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Post ID: @10lJVfT4

I am mad.

As you all know GS issued a sell rating in the wee early morning hours on 7/23/2019. How DARE they. This analyst DARES to question OUR numbers? We are ALWAYS right in our flawless self analysis. There can NEVER be someone who disagrees with how we... —  read more 

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Post ID: @10lEvMMn

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

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