Thread regarding Chaparral Energy layoffs

Layoffs Today

So does anyone know how many people were let go today?

by
| 1228 views | |
Post ID: @121GqEwe

12 replies (most recent on top)

So they got all of field services and more office. Is there anyone left to work in the field?

by
|
Post ID: @121GqEwe-4rxf

Profit is overrated. As long as you have a borrowing base and employees to fire, you can stay in business forever! The best thing Chaparral ever did was sell EOR.
I mean come on, Chap stock price skyrocketed from $0.70 to $25.80 since the sell off. Chaparral also reported a net profit of $130,000,000.00 in the last quarter alone.
Oh wait a minute... I think I have those numbers backwards. Lost $130 million last quarter and dropped $25/share in 2 years. Chesapeake announced that they won’t survive current market prices. Their stock price has only dropped $7 in the past two years.

by
|
Post ID: @121GqEwe-1ojk

Nope EOR was/is a fail too!

by
|
Post ID: @121GqEwe-1llu

meanwhile, the old EOR assets continue to be profitable...
That Frog is such a joke but it’s not funny anymore.

by
|
Post ID: @121GqEwe-zpz

Just imagine how many "rank and file" jobs could've been saved if the dozen or so "multi-millionaire" executives had been willing to take a pay cut or bonus cut to save said jobs??

by
|
Post ID: @121GqEwe-pwk

Reduce the rank and file. Everyone knows they are making the key decisions of the company. geez

by
|
Post ID: @121GqEwe-htu

18 from corporate and 22 from field and, yes, no managers were laid off. Just "rank and file" staff.

by
|
Post ID: @121GqEwe-xee

Of course no mgmt gets laid off, none of them are held accountable for their total and complete incompetence!! Every one of them are responsible for the situation they are in again!!
But I’d bet the frog gets another big bonus!

by
|
Post ID: @121GqEwe-qai

How demoralizing and depressing. I’m embarrassed to work here for Harry and bald Lloyd. There has never been any real initiative to be financially responsible as indicative of the excessive six figured employees and board members who don’t do any actual real work, coupled with spending and business decisions that mirror a prepubescent boy in an adult video store. Scoop and stack of cat c-ap.

by
|
Post ID: @121GqEwe-uwv

Only a very few at the top make a profit. The rest don’t matter.

by
|
Post ID: @121GqEwe-huq

Not sure but this one is not over yet. More to follow in the next few days. I feel so bad for the employees who have stuck with the company so long just to see it run into the ground by extremely poor leadership and then lose their jobs because of the same poor leadership. It makes no sense. How long has it been since Chaparral actually made a profit?

by
|
Post ID: @121GqEwe-obq

Another Laser Focused day at Chap.

by
|
Post ID: @121GqEwe-swq

Post a reply

: