Just finished watching Mad Money....Same story...OXY is speculative...has been a poor performer. Just what is the plan forward for this company?
Comment! It's anonymous! Post information you know, rumors you heard, your experiences, or contribute to the discussion by answering or asking about layoffs at Occidental Petroleum Corp.. The comment form is located near the bottom of the page.
Topics regarding layoffs at Occidental Petroleum Corp.
Reported on Mad Money "poorly managed company" Sell
Rumor is OXY is implementing a hiring freeze, could this be the beginning of something else?
The VP of Midstream (RC) was talking about cutting staff at one of the ECN Meet-the-Manager events and talking down about the majority of people with less than 10 years of experience. He said "you guys are pretty much worthless to us now. We're... read more
Many folks are talking about job cuts, layoffs in Houston.
Has anyone heard rumors about Oxy buying Apache?
There are several contractors who are classified as "hourly" but when they work OT they are only paid straight time. Federal law stipulates how hourly people are supposed to be paid for OT (which is time and half) and I don't understand how the... read more
I was send by them an official letter of appointment.
Keep drinking that corporate Kool-Aid - and all will be just fine in 2016
“Becoming the Industry Leader” Any other current employees read this recent letter from Stevey and “VIKI”? Curious to hear your reactions… What moron thinks up this stuff? I have a cost-saving idea: fire the moron who wrote this drivel. (Pretty sure... read more
Any rumors? Bonuses would be announced within the next two weeks based on prior timeline
But don't join. They are hiring one person to replace 3-4 people from their Dallas move. Making their employees work more..cutting costs..
Pay Cuts..... Apparently Oxy is telling their vendors etc. to cut costs for supposedly the 2nd time in 2015. The first time was supposed to have been in Spring.....some of the agencies that Oxy uses are giving their employees the reduction in pay to... read more
I'm proud of Oxy and how management has been navigating the downturn. Cost cutting initiatives to save jobs and reaching down to find efficiencies. Looking forward to 2016 with a company that I'm proud to work for! Here here!
What is the likelihood of Occidental Petroleum layoffs in Houston in 2016? Please let me know if you have any information.
Oxy has a culture of hate - they have for a long time. That's why they couldn't get people for a few years after 2008/2009. People are picked out for persecution and victimization and, if they don't like it, are driven out with retaliation in... read more
I can confirm that VSPs are also going to people in their 20s and 30s that want to leave. I predict big layoffs will come January 2016 (since I font think Oxy would have a massive layoff during the holidays)....or they will allow people to natural... read more
So I know from very reliable source that there is a cost cutting event/request on or around 11-17-2015 and there is a request to cut 15 to 20% off projects etc. Has anyone heard this or have any more specifics or Intel?
Does anyone really know the numbers they are looking for in terms of the VSP? I have heard not enough have taken it.....what are those numbers? I have heard that 400 pkgs went out and out of those numbers...not enough people took them.....so they are... read more
Aquiring Sandridge assets in South Permian? Sooner than later.
Does anyone know the current status of the layoff/separation situation in Houston? Are they continuing to cut? Any idea when things will settle and we can stop worrying?
My Manager verbally offered a voluntary severance today to 3 of us in my department. Indicated not enough people took the early retirement option. I am conflicted cause though I am in my 50s I am no where near immediate retirement. I have only been... read more
Has anyone found that being laid off from Oxy is preventing them from getting hired elsewhere?
They have let more go here in Houston today....don't know exact numbers
Since the exit of the retirees and the forced retirees; there hasn't been much going on. I know there were people let go here and there but nothing recently. What is everyone else seeing and hearing?
What will happen? It has been quiet for the past few business days
I have noticed at Oxy that contractors are treated like outsiders. I have noticed this in my group to a pretty heavy degree and wondered if there are others that experience the same? I have worked contract before and not experienced this to such a... read more
I know one guy who took the VSP deal without reading. Apparently they just gave him a Very Sad Puppy. He was like wait and then they shut the door. Little Kinder is a bit happier today though so that is a plus.
give me your stuff and take a cab home.
Not too bad
Has anyone heard about upcoming layoffs this week?
Senior REs and PE taking retirement packages, confirmed layoffs this week. OXY is a good company and in better position, but we need prices up!!