Topics regarding layoffs at Marathon Oil Corp.

Topics regarding layoffs at Marathon Oil Corp.

Sub $80 oil

Can’t wait for GSC to come forward this week and tell us costs have to go down. It’s almost like they don’t understand supply / demand and also that nat gas is $7.

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Post ID:  @OP+1iV9VX6k

Corporate’s right!?!?

Why is it that the decisions the corporate leadership teams have made haven’t has a larger impact on turnover? They have layoffs and double/triple your workload and responsibilities. They reduce your total compensation (if your not a grade 14) by... —  read more 

Executive Compensation

Executive compensation is published as part of the shareholder material for the annual meeting. Go read through the packet they sent you. In the meantime, enjoy these numbers as you think about how your benefits have been cut and harsh layoffs. Glad... —  read more 

What a Week

It looks like “The Wave” now stands for the wave of petrotechs leaving the company. I heard of 4 in total this week and know of many others looking. It will be interesting to see if MRO steps up and actually makes an effort to retain anyone left.

What to expect here?

I'm debating whether to accept an offer with slightly worse pay but better benefits. If only I knew that it won't get any worse here. What to expect, changes for the better or changes for the worse here?

nice to get LTIP

Would have been nice to get LTIP. Most lowers grade employees are not valued and are not given LTIP. Seeing how much the stock has gone up thats a lot of $ that could have gone to the employees. But hey it's ok going to another company that values... —  read more 

Fallout Headcount

Resignations have already started. Will be interested to see who stays and who goes. I'll leave you with these words - "We aren't concerned about recruiting or retention. We just had a round of layoffs. Be happy you have a job" PW - Feb. 2020 —  read more 

Pros and Cons

Someone I know is evaluating an offer and asked me about Marathon. I was let go 4 years ago, but I have a job that pays much more and more technically challenging work, so all great for me. But 4 years later my insights about the company may be old... —  read more 

Lost LTIP Reality

On March 1, 2021, the stock price for MRO open at $11.51 and closed at $11.20 per share. The current price is roughly double the price from that day. To calculate exactly how much you are missing out on this year, multiply your salary times your... —  read more 

I left after 16 years

I left on my own terms, I did not want to give them the satisfaction of getting rid of me on theirs. I am happy now and I have zero regrets. The only time I look back in fondness is when I think about my old coworkers. Other than that, I don't look... —  read more 

Promotions happening?

I see GSC gets themselves another Director… Giving someone a director promotion when majority of that department lost stock im sure. What an embarrassment. Things are already rock bottom over there. Going to be funny when they have directors over 2... —  read more 

Gone Woke

I’m not an employee but am looking and have received one offer already, with another likely in the next few weeks. I do not want to go to work for a “woke” company, ie, one that promotes on any basis other than merit. Through my contacts, I have... —  read more 

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