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
Topics regarding layoffs at Devon Energy Corp.
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
What are the layoff numbers looking like now folks? More?! Of course! So the total number of Devon employees is...872 right now?
What happened to the German? Why fired? Corp drilling. Too insensitive? Not enough diversity?
Can't wait to see the dance JofH with his slides and sidekicks. How do you surpess the smell coming from his pants as he does the classic redesign the operation waltz? The Tower looks so beautiful this morning!
Devon Energy announced it was cutting Capex by an additional $300 million, citing weak oil prices.
Time to celebrate. Do not forget your hard hats cowboys.
Devon Energy — Shares of the oil exploration and production company slid more than 14% as crude prices continue to fall. Apache and Halliburton were among the other decliners in the sector, shedding 13% and 11%, respectively. Energy is the... — read more
Just putting the finishing touches on my day 5 working from home, doing a job that was previously said It was unable to be done outside the tower. Magic! This is the way.
Pass the cauliflower, take a swig of whiskey sour......I hear the tower may be sold to someone named Eisenhower?....
Hello to my friends at devon. Its ole wide here dropping in to let you know i will be self quarantining as i may have been around someone who is infected with the covid 19 virus. This extreme sacrifice stems from my compromised immune system. You... — read more
Devon will be debt free in 4 years we making lots of oil we have some really smart people working here They help out our community our schools I’m just glad to be a devon employee!!