Thread regarding California Resources Corporation layoffs

Kern County Layoffs - Anyone has more information here?

If you are with CRC and have more info here please post it - we do not know what's going on... Bakersfield?

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Post ID: @OP+FsOS4an

10 replies (most recent on top)

I call bullshit, the company and its management don't know what is going on. It was doomed from the beginning. Oxy new what was going to happen that's why they did what they did and chose the leadership it did. I don't feel bad for them. They deserve to get delisted and file for bankruptcy.

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Post ID: @Okhy+FsOS4an

Same here. I was laid off on the 17th. I actually feel bad for all the ones still with the company. They are doing more work and its gonna be a stressful environment. That's really sucks.

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Post ID: @Aqxn+FsOS4an

I was just part of a layoff that occurred February 17,2016 Around80 in Bakersfield

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Post ID: @zzur+FsOS4an

Happening now. Heard 200 so far

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Post ID: @xigj+FsOS4an

Tell the head guys to have mrc drop their prices. Then maybe some can keep their job

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Post ID: @kbmo+FsOS4an

Any idea when? My source says next week

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Post ID: @jkgl+FsOS4an

Heard through a friend in HR, deep cuts. This is for survival, 70% field staff and more than 50% office staff.

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Post ID: @jnge+FsOS4an

Going through another round of "layoffs" again within the next few days or weeks.

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Post ID: @imkx+FsOS4an

What do you mean not a layoff? Message said staff reductions. Are those not classed as layoffs? Any timing on this

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Post ID: @4tjs+FsOS4an

Technically not a layoff, which would have been have to be reported as such. But supposedly 20% per department or a minimum of 2 had to go. The way things are going for CRC, more in May. Having lost 90% of its stock value in 14 months not long before they get delisted. Since it was not a lay-off not obligated to give a reasonable severance. This follows CEO Todd Stevens saying a few weeks ago that employees should by CRC stock, Real push made at meeting where he said this was last of layoffs - meaning October 2015 and after all of the early retirements. There were a lot too.

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Post ID: @4sjh+FsOS4an

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