i’m hearing June 7th. 1) it is a end of pay period Thursday 2) interns will be away Any thoughts? Is the FAY seloff ready?
Where to go to?
While we didn't have layoffs last week, we all know they are coming sooner or later. Considering my age and years with Southwestern, I'm convinced my days here are numbered. I'm trying to figure out where to go to if/after I'm laid off, but wherever... — read more
Any layoffs today?
What's going on today? Any layoffs taking place? I was nervous yesterday, but it seems that it was for nothing, at least in my part of the woods. Absolutely no indication of any layoffs where I am. Is anybody else hearing differently? Please let us... — read more
Hoping to be laid off
SWN has become a joke! I admit it's depressing to come to work nowadays and I want to be laid off, I don't wanna be stuck doing tons of work in a crappy environment. Those laid off can look forward to new beginnings, while those left behind deal with... — read more
Momentum
New SWN buzzword and theme. Interesting excerpt from the Annual Report (on website): “At Southwestern Energy, we are further building our momentum in growing long-term shareholder value.” That has to be the stupidest thing I’ve seen in a while, but... — read more
Doubt Layoffs for Tomorrow
Honestly you believe they will do layoffs before the Memorial Day weekend....highly doubt it, too many people have begun to take off tomorrow for a long holiday weekend. Just don't see doing layoffs when not a lot of staff isn't around. And weren't... — read more
Can't wait for tomorrow to be over
One way or another, I can't wait for tomorrow to be over. This anticipation is worse than anything else. If I get laid off, I'll deal. If there are no layoffs, even better. But always stressing and worrying is not healthy. Hopefully tomorrow at least... — read more
Two More Days Until Next Round
The layoff stars have aligned under our CEO. In 2016, he said it would not happen but round two of company wide layoffs will happen this Thursday morning. Watch the behavior of your supervisor these next few days and you can tell if you are out the... — read more
SWN Layoff?
If you do get laid off, no big deal. It’s a losing company, poorly run. Take what you learned and move on. You worked hard, were graduated from college; not to put up with the SWN environment. At one time, SWN was reputable, but this goes to show you... — read more
The Fitness Program
Hey, I’m drinking lots of water and keeping track of my daily steps. I even workout. Please don’t lay me off. I need to make my car payment.
Third Point
Looks like they have sold all their SWN shares. It didn’t take them long to determine Way destroys value vs creating it for them. Watch for Way blabber something like “we love the value of such a [big adjective] asset like the Fayetteville and have... — read more
Chew on this in advance of the inevitable post-axe town hall.
Diagnostic Criteria for Narcissistic Personality Disorder A pervasive pattern of grandiosity (in fantasy or behavior), need for admiration, and lack of empathy, beginning by early adulthood and present in a variety of contexts, as indicated by five... — read more
Doomsday rescheduled
Spoke with the doomsday prophets on Thursday (Friday was obvi my flex) and turns out we all misinterpreted their original signs. Layoffs were never supposed to be on 5/10, that was just the number of employees to get axed (510). Doomsday will be 5/24... — read more
Stock Investors
Hopefully, potential investors in SWN stock don’t read this site.
Are we certain layoffs are coming?
I see a lot of speculation and rumors, but there has been no actual announcement or anything that could confirm it officially from what I can see. So why is everybody so convinced a major round of layoffs is happening any time soon? What am I missing... — read more
Fitness Ruse
Beware of the fitness ruse. Weeks before the first layoff, SWN was advocating that all participate in the program, where one keeps track of their steps and the amount of water consumed. However, this makes one think they’re fairly safe from a layoff... — read more
CEO Dumpster Fire
How does the population of the energy capital of the world know that SWN is sinking at the hands of its CEO, yet the Board does not? I fled SWN post 2016 layoff. Not a week goes by that I do not hear someone new on the street and in the industry... — read more
Turn off the lights to save money!
I know we were asked to cut costs where we can. Why can't we leave the lights off in the morning and let in the natural light? We used to do this on the 8th floor until management complained.
Why not keep Fayetteville?
In Fitch’s SWN ratings release on 5/3/2018, they state base their case model debt/ebitda is 2.7x and 2.5x for 2018 and 2019 respectively. So if SWN is making material progress towards 2.0x, in a 2.75/mcf environment, why sell?
$3.96
Good job guys.
Being Laid Off
Being let go is not as bad as it seems. It’s a new birth, or the way I see it, fresh air for a change. It’s much like the movies, where in the beginning, the star is being released from prison. With box in hand and all eyes upon him, he takes that... — read more
To get to top quartile...
What is the actual number of G&A we need to cut? How many people do our peers with a similar number of wells, revenue, etc have?
This is not good
Now that our stock is being downgraded by several analysts, how long do you think it'll be before they try to rectify the situation by announcing major cost cutting through - you guessed it - layoffs?... — read more
Layoff PSA - May 10 for 520
With all the recent information shared, it is 10 days away for 520 folks to start their summer vacation early. Hope everyone applies or applied the information provided in the”Layoff Tips and Tricks” thread. 10 days to go... Who does this, I do! Who... — read more
Town Hall
Missed it. What did I miss (lies or other)?