Thread regarding ConocoPhillips layoffs

Whiners

For all the whiners complaining about our management making hard, painful decisions on layoffs, keep in mind that our severance expense process was world class, and much in keeping with our “People” value...

https://www.cbsnews.com/news/lowes-layoffs-2019-retailer-spent-billions-on-share-buybacks-zero-on-severance-for-laid-off-workers/

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Post ID: @OP+10wzsTPq

18 replies (most recent on top)

People value. ROTFLOL.

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Post ID: @2gxsk+10wzsTPq

Must have forgotten about that for a handful of soon to be ex-Conoco on the Magnolia. Sad.

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Post ID: @2ctby+10wzsTPq

Liars from the top. Surmont 2 first steam was from Surmont one, same BS as first oil.

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Post ID: @mupp+10wzsTPq

Upon that last point we can totally agree. Gender, age and race should appear nowhere in the selection criteria. And yet they are constantly made the primary factors. Thank HR for that.

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Post ID: @7swg+10wzsTPq

I’m not joking. Quotas [email protected] But bias does too. How about the person most suited for the role is selected? Not avoided because of age, amount of melanin in the skin, etc, and also not chosen to fill a quota for age, melanin, etc.

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Post ID: @7zyc+10wzsTPq

@6ncn- you must be joking. Try being passed over for positions because there’s a quota to meet. It happens all the time. Open your eyes and quit assuming things are owed to you for whatever reason. That happens everywhere too.

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Post ID: @6iem+10wzsTPq

I am nauseous at sight of EOE statement of nearly all companies. Check the box by listing it. Don’t actually embrace the idea.

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Post ID: @6ncn+10wzsTPq

5mce, yes. Behavior is disgusting and sometimes illegal. When I hear “SPIRIT” uttered I throw up in my mouth.

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Post ID: @5zwm+10wzsTPq

Not sure who made the original post but suspect it is a narcissist manager or delusional hr person. The behavior I’ve observed here is worthy of legitimate lawsuits. Trust me, I’ve thought about it. No values to brag about here. Real leaders at Conoco need to reflect on their own behavior and purge their own ranks for the sake of the business.

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Post ID: @5mce+10wzsTPq

Every time I see the word SPIRIT, I laugh. COP has perverted this acronym so much. Its total blush*t, when the rubber meets the road, as pointed out in the examples in the previous posts. They even had the gall to call the new buildings Spirit 1 and Spirit 2. So fitting, as I go to the restroom at work and take a SPIRIT.

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Post ID: @5cys+10wzsTPq

The OP misses several things:

(1) Our industry is cyclical, with periodic boom and busts, and as such, must have a strong severance package as part of a normalizing of compensation. Our severance is nothing spectacular in our industry, about middle, which is where they want it to be, in no way best in class.

(2) The issue is not the severance package, it’s management who should know how to manage: smart investments, plan for price downturns we all know come, and don’t go crazy with costs during the good times. Our management has been decisively wrong on all three.

(3) As someone noted below, there have been “payoff severance package” for short term executive hiring errors and other “friends of the ELT”. We all see the hypocrisy of this when management propagandizes SPIRIT values.

(4) The lay-off process has been chronic and inconsistent. Rather than “once and done” there have been multiple, proving there is no real plan, only a reaction to the immediate environment. If you were an average employee, but excellent brown noser, you were kept ahead of an excellent employee who spoke the truth. EOI was handled differently depending on the ELT member. The ELT cuts it’s size and then creates a subset simply to enable their chosen to get special severance packages and promotions.

Employees see this, morale and loyalty collapse, and the result is a huge value drop from us no longer caring.

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Post ID: @4mzx+10wzsTPq

Ask the folks in the UK BU (being sold) about the existence of SPIRIT values.

Empty, hollow words that fill time at robotic/repetitive town halls.

Don't believe the hype people!

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Post ID: @4rji+10wzsTPq

Very well said 3ysi.

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Post ID: @3wgq+10wzsTPq

If only they used the other spirit values when making decisions on what PEOPLE to keep. Lots of people with the INTEGRITY to speak up were let go. They felt a RESPONSIBILITY to do so. Some were let go who had INNOVATIVE ideas that management didn't appreciate because it challenged the status quo. And don't get me started on how those who step on others to get ahead are favored over the TEAM players. What a joke!

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Post ID: @3ysi+10wzsTPq

Nothing world class about being involuntarily severed. And we all know about the advantages certain people received being preferentially severed from jobs that were not eliminated. Care to join in on this conversation?

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Post ID: @3wwo+10wzsTPq

HR is really working hard to make COP look good with this post. Everyone knows HR always somehows survives layoffs. Most everyone know COP is a s***show company and has to buy oil instead of finding it themselves. What a joke.

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Post ID: @1ovb+10wzsTPq

The CEO’s golden parachute is world class also....whammyyy!!!!

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Post ID: @1lnw+10wzsTPq

Yeah, we’ll; it’s still just lipstick on a pig.

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Post ID: @yzx+10wzsTPq

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