Thread regarding Targa Resources Corp. layoffs

Anyone knows if Targa may be doing layoffs soon? Look at Q3 2019 earnings recently released.

Too many employees in every department and not enough work and projects in the horizon. Every VP, SR. VP who started with Targa or came on board shortly after has either been let go, force into retirement or had first hand inside information and schedule their retirement in advance. Those still left are in it for themselves and do not care about anyone but themselves. Even the previous CEO Joe Bob Perkins who now happens to be on the Board of Directors all the sudden stepped down from the CEO position. Investors & partners should really start looking closer at what is truly going on at Targa. One thing I was told when I first started with the company was "Never ever go to and report anything about anyone at high levels because you will be gone". How true it is as I have witness it myself over the years. I would surely not invest without looking at Targa's future a lot closer.

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Post ID: @OP+11ZTA5nK

5 replies (most recent on top)

I will tell you what is next for Targa in the coming weeks or months, file for bankruptcy and only those at the top will benefit from any of it. They blew through BILLIONS of investors dollars over the last 2-3 years like money was not a problem. Well it was not a problem for those who were looking to build the company profile up, get investors to dump money into it and get out while the company was booming. Where are they now? Living it up like bandits.

Some of those people should be investigated maybe even prosecuted for what they did to so many over the years. I see the comment about the incompetent leadership in IT well guess what the same can be proven in other departments like Project Management / Engineering and Supply Chain. Put people in positions because of their personal relationships and not because of actual experience in the industry and no how on how to run those departments. Truly SAD..............

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Post ID: @3Qpqx+11ZTA5nK

I been told that people in charge in the IT department has no knowledge of the current technology especially the CEO Mike P., the VP Brandon N., and Santosh R. They learned from other people or news and make a big talk to impressed their employees and their bosses. They purely depends on other people make it happens.

Every one there has been told that the CEO Mike P. got a cancer (stage 4). Rumor that people below him can't wait for the day of their promotion. If he cares at all, he needs to cleanup and let go the one that acting (I doubled that he knows those people...hint: two office down from you) in weekly management meeting.

Fix it before you go.

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Post ID: @23cti+11ZTA5nK

Targa is over paying salary and bonuses their employees. Too many free lunches. It is time to let go their employees and sells the remaining.

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Post ID: @23yad+11ZTA5nK

Very true. Newer executives are unproven, inept, shortsighted.

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Post ID: @Jlts+11ZTA5nK

How true. Makes you wonder what is next?

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Post ID: @xzf+11ZTA5nK

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