At this point I don't see how we can avoid layoffs!
17 replies (most recent on top)
Thankfully the company doesn't match in stock any longer - that changed last year.
The 15% match is pretty much the only reason to stick around at this point. The rest of our retirement funds are aweful. Matching with stock was a horrible business practice.
We stopped short of eliminating about 1000 more employees in 2013 layoff. Unbelievable the waste that's still around CHK.
Agree 120779. Complete waste to pay a phd to walk around and and chat with folks about how to be nice to people when we are short on cash ! " Let's " get rid of ridiculous crap - it was a complete waste of my time. Agree - Bring back the ones who helped us in 13 - we need to start cutting out the fluff! Close the fitness center. Close restaurants. Forget the Halloween/AKM party, the Doug/Christmas party. I'd give up a ton of the AKM crap to get back to a real hard core business.
I wouldn't expect that 15% match to stick around much longer considering the "capital measures" which we are seeing now. With layoffs pending, you may be out of any match in the not too distant future. Hope you're in accounting or IT, otherwise good luck finding a job in the next year.
@121270, Actually yes, we been able to direct where the match goes for some time now, Idiot!
You losers enjoying your 401k match? LOL
It's goin' down fo real!...
Don't panic everyone, we switched to a cheaper coffee.....we can afford tanking stocks.
Interesting people keep bringing up EHS.... What are they doing now....? As in, this moment...?
Polishing brass....
Assuming a 2% drop each day up until earnings, should land us at around $7.00 by that time. Can't wait to hear that pep talk from Dougie about how "the market will recognize our greatness"
Sad day when the EHS Challenge Coin is worth more than a share of stock.
If we're going to cut $240M in dividends. Let's cut at least half that in Salaries. It's not a hard concept to grasp. But where do we make cuts you ask?? Well you can start with your upper middle manager who is misleading you into believing their entire staff is essential. That's the problem with corporate, it's setup to create as many roles as possible to justify your fat paycheck. If you fire those people beneath you then you put your important manager job at risk. Instead of hiring behavior consultants for employee trainings, you can call back the staff reduction folks we used in 2013.
If they eliminate all employees who spend 6 or more hours a day in meetings, there should only be about 150 people left on campus.
It blows my mind all the nonessential things the company blows money on when we are short on money. Seriously, an EH&S coin given to everyone to remember to be safe and keep the environment safe?! How much did that cost us?? Annual department meetings haven't been cancelled so that's food, lodging, flights and other costs.
Yea, everyone there is absolutely essential. Take a walk around.... see what people are up to.
Hint: Pointless meetings aren't "work"
Who is left to be laid off? We need a turnaround for pricing perspective for things to get better.