This company is going down hill fast!
Does anybody know how many people are expected to be laid off on May 5th?
Announced today. Layoffs are coming in May. Exact headcount unknown, mix of furloughs, voluntary layoffs, voluntary retirements and forced layoffs. Pay cuts for remaining employees, no expected bonuses to be paid in 2021 for 2020 activity. SMT... — read more
I have to say PDC was very proactive and informative in dealing with the state wide stay at home order.
5 net from SRC. Between Thanksgiving and Christmas.
Any updates on layoffs in Denver, Bridgeport, Midland and Evans
A VP on the 23rd floor was heard saying that there's going to be another round this year. Did anyone hear anything about that?
Has anyone attempted to take legal action against PDC for there less than stellar severance package? I was shocked at how stingy they were, kept their 401k contributions, stocks didn’t vest, etc etc. Pair that with a c-appy O&G market in Denver and... — read more
Why though? Many billionaires around the world fly economy and here you have this little tiny oil company, whose SMT just showed their true colors, that leases a private jet to fly their “executives” to Midland and other destinations. Are you going... — read more
Many of you still think that Ben Dell the Activist from Kimmeridge lost, but he didn't- he is now sitting on the PDC Board of Directors. Check out any of the Financial tracking pages, from Wall Street Journal, Yahoo Finance, etc. Ben Dell is now a... — read more
There were about 50 across all offices. Poorly handled, they let employees go that were the only ones knowledgeable on certain software, in effect crippling entire departments. They have a reserves department with not one certified PE, lead by... — read more
So people living paycheck to paycheck were laid off and given a pathetic, unreasonably low severance package while the C Suite executives sit back with their repulsive million dollar salaries and equally repulsive bonuses. How can they sleep at... — read more
People in all four offices got laid off; Denver, Bridgeport, Midland and Evans. People from IT, Production, Planning and Development, Land and other departments got laid off. I heard that close to 50 or so people.
Thoughts on today's events?