Yes, Murphy Oil Corp swept into Houston and laid off employees. Funny how corporate in El Dorado is the money sappers, but they laid off employees in Houston. Asked manager point blank about layoffs on Monday was denied. Tuesday morning - I got laid off. Dirty dawgs - at least tell people so they can start looking for a job.
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Yet, they are still looking to buy other companies GOM acreage. Shhhhh. Don't tell anybody.....
And don't forget they are spending a lot of money implementing SAP across the company. Really? During a time when the WTI, Crude prices and STOCK prices are in the hole? Not a smart move on their part. Priorities should be focused on people, not systems at this point. Super disappointed in this organization as a whole.
Yes, so much money spent and wasted on the lavish Murphy name on the side of a rented building located in the expensive Memorial area. Moved straight out of the energy corridor and then nto the Land of Oz. Cool move on part of our pompous ceo roger jenkins, mr big time, big cheese and his snobby wife so he could be closer drive to his multi million dollar home in river oaks. Then he gets promted and moved to the one light town if Eldorado, Arkansas. Ha ha happy shopping there mrs "big time" jenkins. I don't even think they have a wal mart. Wasteful moves. New buildings in the works for ElDorado & Vietnam locations. Just in time for gas prices and murphy shares plummeting. So they cut the support staff, middle pay worker bees. No cuts for the upper mgmt making 150k-400k+salaries where some real money could be saved and some really poor business decisions have come from that got murphy in the predicament it is currently in this first place. Yep, thats always been "Murphy's Law". backwards.
What did the severance package look like, if I may ask?