Thread regarding Marathon Oil Corp. layoffs

Fallout Headcount

Resignations have already started. Will be interested to see who stays and who goes.

I'll leave you with these words - "We aren't concerned about recruiting or retention. We just had a round of layoffs. Be happy you have a job"

PW - Feb. 2020

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Post ID: @OP+1fxy6ZkH

16 replies (most recent on top)

What kind of senior management isn’t concerned about recruiting or retention. Should I short MRO?

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Post ID: @Fzii+1fxy6ZkH

refrain: attrition less than most years… sing it again

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Post ID: @byjv+1fxy6ZkH

I’m pretty sure 5 in a week is less than the 20% to walk needed threshold

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Post ID: @afha+1fxy6ZkH

Goodbye to all my fellow employees. I wish you success going forward. I’m hopeful that managers will once again be able to control their employee’s compensation and take HR out of the equation.

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Post ID: @9xgy+1fxy6ZkH

So where is the wave of resignations? Surely it can’t be that posters on here are all talk? Wait, are people trolling on the internet?

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Post ID: @9yuv+1fxy6ZkH

This is my favorite Paul Walker quote. May he rest in piece.

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Post ID: @2qdk+1fxy6ZkH

If significant walk-outs happen, it actually might force LT to transform MRO into a lean independent - cutting the BS programs, employees, mtgs, and reports that add no value. Up to this point, the Exxon type programs/culture have been a drag on MRO's success and stock price. Unfortunately, with $100 oil, any of us can run this company and keep Wall street happy.

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Post ID: @2wbr+1fxy6ZkH

They won’t lift a finger if less than 20% walk voluntarily this week

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Post ID: @1kyx+1fxy6ZkH

What's the bodycount? Price is high, jobs are hiring, marathon benefits are down. If you don't leave now, let's face it, you're never leaving.

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Post ID: @1ucu+1fxy6ZkH

Attrition will be less than most years.

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Post ID: @1ltu+1fxy6ZkH

Pat Wagner’s right. He shouldn’t be worried about attrition. That’s not his job.

Maybe if he actually worked at his job, instead of spewing zingers to worker bees, we’d have made better acquisitions over the last few years.

With $100 oil, it feels about the right time for another PW classic of over paying for some PE company’s asset.

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Post ID: @npo+1fxy6ZkH

The Houston carousel has only just begun. Check your DMs. Don’t be surprised to find a piggy back to your January offer letter in there when you had asked for a 30% jump and the recruiter had told you at that time they were unable to accommodate your request. It’s far from over and don’t forget on the 1st, 2nd and 3rd waves of layoffs that they asked you to continue with business as usual. Stay thirsty my friends and carry on

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Post ID: @pmi+1fxy6ZkH

What happens when no one leaves? So many talkers in this company. Going to be funny when everyone on this board is still employed by MRO come April.

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Post ID: @eqn+1fxy6ZkH

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