What motivation or incentive remains?
Topics regarding layoffs at Pioneer Natural Resources Co.
Please announce a buyout or merger!
If management does not pull their head from out of their @$$es they will lose a lot of good engineers. How are you (middle management) not communicating to your superiors that a retention payout is badly needed in light of employees having to deal... — read more
Asked if other shale operators are likely to join Pioneer in an ‘extreme belt-tightening’ regimen and what it would mean to future energy supplies, Berg cited the industry’s continued efficiency gains. “That bodes well for future production growth... — read more
Anyone hear anything about Chevron wanting to buy pioneer by month end? That’s the word in the street out in Midland.
https://oilprice.com/Energy/Energy-General/Shale-Pioneer-Fracking-is-an-Unmitigated-Disaster.html "The Wall Street Journal reports that Pioneer Natural Resources, often cited as one of the strongest shale drillers in Texas, is largely giving up on... — read more
demotions and pay decreases at PXD. It would be a great day to be an employment attorney.
Another blow to an employee are demotions and pay decreases! Did you get your letter???
When is this cluster going to spill out to Wall Street? It’s like each day is worst than the last. I can barely wait to secure my new job so I can quit.
Stock is hovering around $140 and it has been that way for over a year. Only think propping up the stock is the balance sheet. The street doesn't care about the layoffs. SS turned the company into a s***show and it is now time to complete the... — read more
Demotions in grade and associated pay are just around the corner. Watch out if you are not busy. You may receive the no package separation package.
They will look at performance reviews relative to Pioneer and then relative to their own organizations training and development program. They will look at the schools and the academic records. Finally they will look at the oilfield service companies... — read more
Truthfully I read here that the line is: "We will come out stronger" for those knocking the disgruntled. How much growth is there in a company that has ALL its assets within 150 miles of each other? We will NEVER need more people, without that need... — read more
Currently at $51.46, down 3.78%. Keep that resume up to date.
Layoffs seemed to avoid people from NAU and UK. Baylor and BYU got hammered. However NAU is the equivalent of university of Phoenix online. Why hold onto the elf’s crew? So in 6 months when performance and results have failed to improve please follow... — read more
Anyone else getting ready to abandon ship after the June “thank you” check?
As if learning your job would be elimnated and escorted out the building without your personal stuff wasn't bad enough, getting it mailed to you where most stuff is missing or broken is just flat out WRONG! Half my stuff is either broken or missing... — read more
Currently at $56.47, down 3.98%. Will it stop above $50?
All the speculative chatter about divesting and buddy butt kissing is great. But what everybody really wants to know is what happened to the Fritos.
If you want to know what happened at pioneer and their fair layoffs, this old post tells it all: Those who had their lips firmly planted on the higher ups butt cheeks coincidently made transfers to protected positions before news of layoffs began... — read more
We all know that Pioneer will be sold. We are just waiting on when. SS will get the best price and we will get great Packages! Enjoy the ride!!
Seems that everyone is in the dark. The managers seem to be in the dark too.
For those that survived and still complaining, please quit and leave already. Those that are staying and still want to work, don't need your bad mojo. So you didn't get the severance, boo fcuknig who. Atleast you still got a job. Ask those that got... — read more
I worked there for five years. Got a text while on vacation that my severance package was being mailed to me. Phone remotely wiped, can't get to personal items in my office. No way to treat loyal employees. Glad i got the package!!! My department was... — read more
No matter how much in a bad position the company is in and no matter how many layoffs happen, the companies in our industry are always in demand for workers, especially field guys and contractors. I can’t wait to see who will accept a job at Pioneer... — read more
Pioneer slashes jobs at home and in the Permian, putting Wall Street ahead of people https://www.dallasnews.com/opinion/commentary/2019/05/24/pioneer-slashes-jobs-at-home-and-in-the-permian-and-wall-streets-not-impressed — read more
Just look around you - what's the one thing you notice? The faces that are looking back at you are getting MUCH younger after every layoff, and older employees are few and far between. Is there really nothing to be done about this? It's certainly not... — read more
For those of us who do NOT plan on being here much past march award the august extra bonus doesnt matter. Extra paycheck is okay though
I just wonder for how long. I'm 52, so I know my days are numbered. In all honesty, I wish I was among those laid off. At least they know where they stand and what their next step is going to be. I just tuck again - not knowing what tomorrow will... — read more
What happened to the comms team? They still around?
Excuses are easy to find and the industry is pretty turbulent, especially in today’s economy. I can understand that, but nobody can tell me it needed to be done in this manner. Were cut’s in this degree really necessary?
It seemed like pioneer might be headed in the right direction. There were definitely too many employees but the people that have been making all the wrong stupid decisions remain with the company. The problem went from quantity to quality. The... — read more