Thread regarding Concho Resources Inc. layoffs

Anyone wanna buy some Concho swag?

I have been reading between CXO and COPs pages in here. It's concerning that COP staff seem to have such disdain for their own company, especially the SPIRIT values. Is the Power Point thing from the same person or is PP really a big deal over there? Why? How? And should those of us chosen to stay expect the same unwelcome treatment from COP staff that we showed RSP?

Concho pride has taken a beating these last few years. You could say it dropped as fast as our stock. Fun events always getting canceled. A halt to HSA employer contributions. 401k match dropping 4%. Bonus cuts. Raises were bad last year and nonexistent this year. But at least they gave us stock that is worth nothing now!

We lost some good people to questionable firings and forced retirement. This year we promoted inexperienced and uneducated people who wouldn't've had a icebergs chance in Ecuador 2 years ago. Good people were passed up on promotions and its clear now this round went to people that were glad to accept a position without the pay. From what I gather this was the case in most departments. Clearly it was a hint for qualified people to start updating the resume.

Still there remains a small spark of Concho pride from those of us who have been with Concho for a long time. It was sincerely a great place to work. Top notch. Some people are optimistic that Tim will fight to keep us. He might. But even if he does a lot of us will still lose our jobs. It would be nice to know something, anything at this point. They've had enough time to plan it out.

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Post ID: @OP+17GoDMrf

7 replies (most recent on top)

COP use to be a great place to work, but sounds like we suffer from many of the same issues... wonder if we can combine forces and stage a takeover of incompetent “leaders?” Who’s in?!?

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Post ID: @Bndn+17GoDMrf

More people from ConocoPhillips will get layoff next year. They will keep us here......Be happy!

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Post ID: @petb+17GoDMrf

COP employee here. I personally look forward to working with Concho folks. Part of this is bc if I'm not working with Concho folks, I'm laid off, but the main part is I want to work with fresh minds. The PPT thing is embedded, but plenty of us are willing to try new ways of presenting/documenting. I think I'm afraid of how our diverse backgrounds integrate with many not trusting the other 'tribe'. Even now within COP, with layoffs looming, I can't visit other departments without co-workers seeing me and getting nervous that I'm coming to ask for one of their jobs. I hope we can get past the skittishness quickly and work together to take down PowerPoint.

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Post ID: @mlfn+17GoDMrf

ConocoPhillips’s employee here, the PowerPoint thing is real. As to the How of it, I have no idea. The Why though, it's about selling yourself upward rather than actually presenting anything with meaning; those who move vertically do two things with slide decks: 1 - sell themselves in as little time as possible, think ~2 min talk to senior mgmt, and 2) portray only good things through aesthetics and flashy buzzwords...they love their buzzwords. And so the cycle exists of good PowerPoint = promotion, therefore we PowerPoint. Best way to stick around is take some graphic design and creative writing classes, and kiss a whole lot a a–. Primarily the latter.

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Post ID: @bftq+17GoDMrf

I retired a couple of years ago from ConocoPhillips’s. The company treated me well and I left on my own terms.

That said, I personally know and have worked with most/many of the current leaders. They are almost all concerned only about their own power and compensation. Don’t trust any of them. They talk “People” as a SPIRIT value, but the only letter they truly value is “I”.

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Post ID: @1qop+17GoDMrf

I’ve been going back and forth between the boards also. Speaking as a ConocoPhillips’s employee, it’s a corrupt poisonous atmosphere and has been so since the split. As a Concho employee, you will always be considered an add-on, someone to be let go— you simply don’t have the history and connections. And yes, the PowerPoint stories are spot on. If you survive after April, watch your back.

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Post ID: @1qdw+17GoDMrf

The way we treated RSP? you're wrong on that, those people were treated very good especially if they stayed a year with Concho, we were nothing but good to them, even kept the Dallas office open.

I think that purchase was a mistake, paid a nice premium for their assests, not so sure RSP was good to Concho.

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Post ID: @lnv+17GoDMrf

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