All, the WSJ had an informative article today on the generation gap that will occur with the ongoing layoffs, shortly an entire generation of oil field workers will be packaged out or laid off. The article states that 105,000 positions have been cut... — read more
Can HR weigh in?
can we get an ousted HR person to please weigh in? If we WANT the package or DONT want the package, etc. Yall have no loyalties left except to yourself and we would appreciate the info. Thanks,
PREPARING FOR THE PACKAGE
When I packaged out in 2019 HR was not really organized to give advise. But, if allowed let me give some points to assist. Roxanne Shultz is a wealth if information in HR, make her your contact SHE HAS THE ANSWERS Most likely if you package... — read more
I Volunteer for a package
Give me a package. Pioneer will soon be left with a bunch of mo–ns and even worse more managers...
The elephant in the room
Will we get whiteboards in offices Q4?
Geo Recruiting 2020?
Anyone know if geology will continue recruiting from NAU this fall?
Scott has got to get in right this time
Scott Sheffield has got to get it right this time, or his larger than life statue holding the book of life in the MCO's "GARDEN OF EDEN" will go the way of the founders father's statues, bagged, tagged and disposed. I suspect he will overcut... — read more
Terms
Who will be Subject to release and Not subject to release?
Areas?
Are they cutting field employees? Well techs, pumpers, field techs, etc?
BIG CUTS
They are telling VPs that they are cutting 50% and managers 30%.
Waiting until October for next update?
Gonna be hard to do work until then. I will be busy figuring the rest of my plan b.
ISP Selection Criteria???
During the company meeting Taylor said the criteria for determining who stays and who goes will be based on "business need, skill set, and performance." Business Need - with oil demand and production levels on a continual slide, this can only be a... — read more
VSPs for 35 and Over!
Where do we sign up? The FIRE movement is burning strong.
Is here we come
ISP it is!
VSP's Please!
I just want them to offer decent Severence packages! Drinks in uptown here we come!
It is what it is
We all know right sizing means layoffs so let’s be honest. Scott should have the balls to call it what it really is. I would respect someone for speaking plainly. So it’s downsizing people. It’s happening and this time the packages will not be as... — read more
Another potential "right-sizing?"
CEO just said on the earnings call that with the new lower growth percentage plan, the company is evaluating another potential "right-sizing" correction. Ouch.
So quiet lately
But at a least we have a bill of rights lmao
Layoffs
This is EXACTLY why you don’t believe them when they say no layoffs. After everything they put us through latest year, here we go again.
LinkedIn post
Someone said pxd is such a great company...great companies don’t beg for proration so they can claim force mejeure to get out of firm transportation penalties when they won’t meant their volumes next year. S— it up and take the hit.
More cuts to come in late May 2020
Is there any truth in this rumore I am hearing on the ground?
$0 a barrel. Now what.
American oil crashes below $0 a barrel – a record low https://www.cnn.com/2020/04/20/investing/premarket-stocks-trading/index.html
McKinsey & Company to the rescue
So the governor of New York has hired McKinsey in their recovery effort. Hopefully they will do a better job for New York than they did for... — read more
What happens when you cut your budget by almost 50%
We know big cuts are coming. Brace for impact. Godspeed.
45% capital reduction!..Layoffs incoming!
I hope everyone's financial house is in order because we are about to get hammered with layoffs (just like the rest of the industry). With a capital cut of this magnitude (45%) they can do without a large percentage of us over compensated corporate... — read more
Massive cuts will happen unless the price stabilize
We know this - right?
Layoffs this week?
Gonna get crazy
Permian VP “pursuing another opportunity”
is this a sign of what is coming? what is really going on? why so sudden?
MC selling good amounts of stock
Just something to take note of.
What is this Business Analyst thing?
And how does it turn someone with 2 years of experience into an engineering manager?
Raises/bonuses?
Anyone heard anything?
Honest Poll?
I plan to leave after bonus. Is anyone else? I think the one asset with unnecessary 2 corporate offices is unsustainable. PNR will merge or be bought. Either way not a good deal. Anything further will be Involuntary