Topics regarding layoffs at Hess Corp.

Topics regarding layoffs at Hess Corp.

Pension Vesting

Have ther been any details on what will happen to your pension when the whole deal closes? What will happen to newer employees who are not vested when the deal closes?

Real talk

Hess has been a great company to work for and yes there are good things and bad, good times and bad. Over the years, especially during this last downturn, Hess has been generous to the employee base. The struggle I see and hear discussed most right... — read more 

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| 2165 views | | 4 replies (last November 1)
Post ID: @OP+1saKuh5w

Do You Meet Chevron's D&I Demographic Profile?

If you don't meet the Chevron' demographic profile, you will be the first to be cut. See what happened in the 2019/2020 Chevron layoff. Don't be afraid to ask questions. Chevron is not the company you think it is.

Whether stock to be vested or not

Stock wasn’t mentioned in the severance plan sent on Nov.16th either on purpose or by accident. Does anyone get information from HR about if stock will be vested after separation?

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| 2002 views | | 4 replies (last December 11, 2023)
Post ID: @OP+1pNVSIs8

WOW

I was so loyal to Hess, have never worked for a better company and I am in my 50’s. I completely forgot that the only people that really matter are the large stock holders, I feel gutted!

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| 3481 views | | 5 replies (last January 30, 2024)
Post ID: @OP+1psH3Qm2

XOM

Chances that a deal is announced with XOM in the next 6 months?!?

Opinions on Q4 results

Just now I read the Q4 earnings call transcript: https://www.fool.com/earnings/call-transcripts/2022/01/26/hess-midstream-partners-lp-hesm-q4-2021-earnings-c/ Any thoughts on the results? What would be your question for leadership in this... — read more 

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| 1913 views | | no replies yet
Post ID: @OP+1eZewGYB

Vaccine mandate

So now requiring all employees to be vaccinated and boosted. Odd timing when we know the vaccine doesn’t work against omicron. Starbucks even dropped their mandatory. Is this just a way to reduce the workforce?

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| 2041 views | | 2 replies (last January 25, 2023)
Post ID: @OP+1eYpWlrW

No need for layoffs

Attrition is bad enough that I believe we're safe from layoffs for quite a while.

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| 3283 views | | 7 replies (last September 13, 2022)
Post ID: @OP+1dapkqfZ

Townhall today

Let's see what comes of it. I hear new items on return to work will be discussed.

Hostile work environment

Does anybody else feel like they're back in high school? That's what it's been starting to look like with all the cliques, manager's pets who can do no wrong, and overall backstabbing culture. It hasn't always been like this, so I'm not sure if this... — read more 

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| 4057 views | | 5 replies (last September 28, 2023)
Post ID: @OP+1apyh7gV

Next week

So with the impending re-org and layoffs scheduled for next week what’s the word on the street?

Voluntary Severance Package

Voluntary severance package rolled out this week in ND. Only a matter of time before non-voluntary rolled out.

Hess in a hostile and caustic work environment

Hess in a hostile and caustic work environment. Surprised they have not been hit with a lawsuit for s-xual harassment and hostile work environment. Recently sold the last asset that would keep them going and they having been bleeding red for a very... — read more 

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| 5920 views | | 3 replies (last August 16, 2018)
Post ID: @OP+T8HUlvo

Housing Market

Will the The Woodlands, TX and Houston TX real estate market recover from the the Oil Industry downturn and continued layoffs that are occurring?

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| 2453 views | | no replies yet
Post ID: @OP+SnHdbNd

Throwing in the Towel?

So Hess is now doing a $1B stock buyback. Sounds like they have no good prospects to invest in so buying back stock is the best alternative. How long till a major takes a run at Hess for the Guyana prospect?

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| 2885 views | | 1 reply (March 19, 2018)
Post ID: @OP+S50VAlj

Incredible Shrinking Oil Producer?

Bloomberg Business Week is calling Hess "the incredible shrinking oil producer" in light of a new round of layoffs. When is the management of this company going to recognize that they can't make up for their ill-timed and ill-advised decisions of the... — read more 

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| 4273 views | | 1 reply (January 19, 2018)
Post ID: @OP+RjKhliO

300 to be laid off?

This article says that 300 people will lose their jobs in this round of layoffs, which is significantly lower than the numbers we've been hearing lately. Any chance this guy is actually correct?... — read more 

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| 5061 views | | 5 replies (last January 23, 2018)
Post ID: @OP+RiqihtJ

Has it started?

Anybody knows if the layoffs have started? Any Hess Houston employees here who can give us an update? I've been on the edge this whole week, and I'm not even in Houston. I can only imagine how people there are feeling right now as the week gets... — read more 

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| 4216 views | | 6 replies (last January 20, 2018)
Post ID: @OP+RifX3TK

Hess layoffs January 15 - 19 week

Currently about 2300 Employees hearing that reduction will be about 35% (780 people). Out of those people cut supposedly 80-85% will be Houston personnel. Reorganization starts on Tuesday! Found this info in an old thread, thought it belonged on top... — read more 

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| 7125 views | | 14 replies (last January 22, 2018)
Post ID: @OP+RebXwwn

Another Proxy Fight?

It's been reported that Elliott Management is getting geared up for another proxy fight with Hess with the intent of ousting the CEO. Elliott also wants a cut in dividend, increase share buyback, sell Malaysia assets, and possible sale of the... — read more 

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| 3688 views | | 4 replies (last January 4, 2018)
Post ID: @OP+QYJBamG

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