Thread regarding ConocoPhillips layoffs

Simples, make decisions based on performance ... unfortunately that is where COP continues to go wrong.

quite a few of the offers for new hires via college recruiting are rejected, with or without a better offer. ConocoPhillips is damaged goods.

Agreed! Canadians, Colombians, Venezuelans, Russians....you get the picture send them all back. Protect American jobs. When do their visas expire they need to go.

That is ok. Let the people with Visas go back to their country and find a job. In the 3 countries I worked for while overseas with COP. They could not wait to get rid of the Expats. America should protect their jobs like those countries did..

I concur; you'd be a fool to not look else where. If you get let go, you'll have options. If you don't get let, you'll still have options.

COP already has morale issues and when oil comes back, if ever, COP will have severe retention issues.

3-fom - if you get rid of all the contractors, who is going to do the work?

For plannings sake regarding future layoffs... My experience is that what makes good sense is not what the company will practice when the time comes. You could have received multiple 1 ratings... you could be let go or you could stay. You could be the subject matter expert in your group... it won't necessarily matter. You may be topped out with no further pay grade to ascertain with 40 years experience... you may stay or you may go. You may have received 4 or 5 ratings and stay. My point is that, based on previous layoffs, always be prepared and don't believe that management will make sensical decisions. I don't generally give advice. However, my suggestion would be to begin looking elsewhere just in case. It cannot detract from your current role or situation to simply explore your options regardless of the future of ConocoPhillips. If other options don't pan out and COP survives the downturn, then your still in good shape.

Next round will be 80% of remaining contractors.

We're both retired now and basking in the sun in Hawaii. So glad to have received my unused vacation pay at time of layoff.

We're both retired now and basking in the sun in Hawaii. So glad to have received my unused vacation pay at time of layoff. 😄🐠🍹🏄🏻🍸🌞👙🐬🐋🏖🌅

2016 1st-2nd QTR Round Layoffs Coming!!!

Please update your company profile and career aspirations.

The list will consist of people that have been with the company for less than 0-5 years with COP (not performance based) and some if not all of the remaining COP heritage account holders (usually consist of >55 years of age +20 with COP you know who you are!).

Individuals with visas that are close to expiring will also be looked at if you fall in the 0-5 year range.

You read it here folks no need to inquire your sups or management because they won't tell you the truth.

Bartlesville is equally toxic but without oil & gas resources.

They don't know thats why they wont answer. Its just a guess like everyone else's. That's all anyone does around here anymore guess and wonder how and when their number is up. Too bad its the only decent place to work in San Juan county , so you sit with a hole rotting in your stomach waiting for the other shoe to drop. Meanwhile you have the handfuls of crap employees doing crap work but are friends of so and so just sitting around gossiping no cares in the world because they know they will not be touched regardless of how crappy their attitude or how unethical their work practices....meh I say keep cutting!!!!

As always, how do you know this? Is this speculation, or is it data?

This info is true

Haha same here. Glad I took my mountain of money and ran out the door. Best decision I've ever made. Working in the same energy industry, zero stress, and wonderful people I work with. COP was just damned awful place to work!

The 0-5 year employees are not vested in the company nor the culture and would be the first to jump ship, enhanced severance or not. The 0-5 year employees are also the employees with more options for employment elsewhere. The company is desperate to keep the few employees that will remain due to the archaic processes and procedures. Life in general, the 20ish can find another date easy enough; but the 40ish, not so much so.

They will be looking at all salaries for 0-5 years, plenty 0-5 are making over 100k and they would rather let the 0-5 years go because severance is less. Think outside the box.

It makes no sense to layoff all less then 5 yr employees as they makes considerably less than the 10+ year employees. You pay a 2 year employee 40,000 a year and severance would be 6 weeks...thats piss and beans compared to a 10+ year employee pulling 80,000 and 30 weeks severance where is the cost savings? You could keep to short term employees for the cost one long-term. ...no cost savings

Just happy I pushed that button in October. It was a tough decision, but no regrets looking back. Hope they don't change the severance package for those next on the block.

Ultimately the severance payout must be changed to limit the severance. The mass exodus at prior layoffs were the in-the-know staff aware of the future changes to the severance payout. Not good fiscal judgement to walk people out the door with 1 year pay in hand as the company looses $1 billion per month. The debt facilities are tapped out and the fire sale is not going well.

Yep the young guns will clean up your mess. Do you old guys mind telling us how to do first, we don't have a clue.

Layoffs are based on minimizing the amount of severance that needs to be paid when someone is let go along with folks that get paid a lot i.e. Salary and ConocoPhillips heritage. The company is trying minimize paying out severance to individuals that have been with the company for a long time minus the ConocoPhillips heritage folks. The folks with less time at cop and folks with high salaries will be let go... Less severance pay out less losses. The other ConocoPhillips heritage folks will get cut due to their high salaries and retirement accounts which are in the millions.

On another note the young guns won't clean up a damn thing because they are imbeciles that don't know anything i.e. 0-5 years experience.

The selections were not based on performance on prior layoffs. The selections may / may not have been based (in part) on the performance ratings (forced rankings). The manager who signed the layoff notice walked out the door on the next round of layoffs. No rhyme or reason to the process. The layoffs are an exercise in futility as the issue day one is the costs of production. The price of oil does not support the current production. The assets can no longer be booked as oil in the ground that cannot be produced at a profit.

This is some old far that is overpaid scared they will loose their Jon as they are used to delegating work and sitting on their ass. My guess would be all 20+ year vets be ready to face the chopping block, you are all overpaid and underworked...dont worry, the young guns will clean up your mess.

How do you know this and, if the selections aren't based on performance, how will they be made?

4th quarter layoffs, 1st quarter layoffs, 2nd quarter layoffs, 3rd quarter layoffs...

Yes, more layoffs are coming in the 1H-2016 because oil and gas prices are expected to remain very low. For the same reason other companies in the energy sector will also continue cutting personnel and capital spending. It's not going to pretty folks.

I like to read on this site because it makes me even happier that I no longer work at COP.

well, just like last year I will be hording my vacation so if/when I get laid off I will have that to help out

Thanks！Hope this is not true as I'm less than 5 years.