Thread regarding Southwestern Energy Co. layoffs

Any truth to this?

Update: layoffs scheduled for 3Q. Company needs to make shareholders think something will change despite recent poor financial performance. Mr Way thinks he’s not part of the problem. Employees will be cut. Way will give himself a raise and a pat on the back.

Was this based on concrete info or is it just more wild guessing by folks on this forum?

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Post ID: @10wJtkNh

13 replies (most recent on top)

It was clear in the town hall that layoffs are coming.

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Post ID: @10wJtkNh-2wst

Good news. Tomorrow’s town hall will announce jobs for everyone guaranteed for life. No layoffs, ever. 5% raises forever, and promotions every 3-4 years, with 30-35% bonuses forever. No performance reviews either, along with free breakfast for life. We call this the “Millennial Plan”. Thank you and goodnight.

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Post ID: @10wJtkNh-2yru

So which is it? Layoffs? Data room? Both?

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Post ID: @10wJtkNh-1rpm

Was not promised but assured no layoffs,

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Post ID: @10wJtkNh-1qwj

I know this forum is to discuss layoffs, but wanted to ask a previous poster how he liked his Cricket phone? Good? Thanks in advance.

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Post ID: @10wJtkNh-1uqp

Just an outsider here - I was just promoted at Oxy and a former Anadarko employee. But y’alls Layoff page is something else. Is your CEO really known more for his bathroom antics than anything else professionally? Just perusing these posts and I must say, quite a few LOL’s, and I’ve also added to my vocabulary with a few new “what cool words I’d learn in business school” words. Glad I stopped by the site!

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Post ID: @10wJtkNh-1uwz

Yes there is truth to this and truth to our leaders immaturity when it comes to toilet antics and behaviors. Very disappointing. Wish our leader wasn’t the joke of the CEO club where all of his peers snicker that he’s best known for clogging toilets, not improving the stock price. Hehehehe....

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Post ID: @10wJtkNh-1qpk

NOT FAKE NEWS!!!!!!

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Post ID: @10wJtkNh-1kfv

Alert!! Hearing layoffs may happen this week!! A week delay!!

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Post ID: @10wJtkNh-1sxn

I was let go last week for using my work phone to view posts. Using my new Cricket phone now. LOL about last post guess I will apply for the new opening in the Market. Always laughed at the Potty parody about Way and his elite executives. Betting there is some truth to the stink from their restroom. LOL

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Post ID: @10wJtkNh-ipi

I hear there is an opening in The Market. Mr Way has remained unhappy with Chef for discontinuing the famous “Way frittata” in which eventually lead to his plunger challenge championship. If you know how to cook, you may be in luck.

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Post ID: @10wJtkNh-itu

Layoffs are fully expected at each office in 3Q. Since the earnings call last week my supervisor is reassigning work to those not on the layoff list and those whose work is being reallocated, well...

I am not so fortunate. All my projects are being reassigned. Hoping I can change departments.

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Post ID: @10wJtkNh-fqq

Just look at the facts.....rig count is being reduced. Gas prices are low and going to stay low. We are too fat at SWN. Our competitors are doing more with less.

Each operator in the industry needs to trim their workforce and reduce overhead. That is the new reality with the supply being so high until there is more demand.

So, you can’t say exactly when it will happen, but it will happen.

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Post ID: @10wJtkNh-mlq

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