Thread regarding Occidental Petroleum Corp. layoffs

Office employees face a harsh reality

I believe that those APC employees working in the field have a much better chance of retaining their jobs at as it is those fields in Permian that Oxy, and Chevron are after, and we will need people. This includes IT, automation as well.

Those working in the office face a much harsher reality, especially the finance fields, I don't see how we need many of those people long term. Those in IT may also worry since Oxy is mainly focused in the Permian, so we already have processes and people in place for most major applications, Data Management, and infrastructure.

As for geoscientists, Oxy will probably retain a good number, Oxy is very busy these days in the areas they are currently in now, and there have been plans to hire some people even before any of this APC talk started.

IT at Oxy is considered lean, and everyone is always busy. Oxy can use some experienced people. The millennial IT workers are good at monitoring an application, but usually call the vendor to do anything major, and complicated trouble shooting.

In general, most people at Oxy are doing fine. We don't have the big complex policies and rules that the majors have, but we are not a mom-and-pop real estate company either, so there are still some things that you can do at Oxy that you would never be allowed to do at the majors.

Lastly, as someone else noted, Vickie came up through the ranks. She knows many people, she is very approachable, and will listen to you if you find yourself in her presence. She's very sincere and is doing well at Oxy and is certainly liked by most employees.

Good post by @YVzsQOo-2wyi.

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Post ID: @OP+YXE3Di5

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There are a lot of unknowns on each side, OXY is reorganizing too and is laying off and or either giving retirement eligible employees packages, we don’t know what will happen to the Woodlands office, etc.

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Post ID: @4igu+YXE3Di5

APC employee here. You mention the mom and pop feel which is similar to the way I've always felt at APC. If I am offered a package, I welcome it as APC made sure employees were well protected in the change of control policy. Unfortunately, what I've seen happen in these types of situations is that the bad employees will get packages and those near retirement will too. I think I'll be seeing you all. If you listed to all of your investor presentations, OXY is happy about having the DJ and PRB so they will need most of us. It seems APC employees have gotten a bad wrap in this whole thing, but most are pretty good. There are definitely some bad apples.

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Post ID: @4ufa+YXE3Di5

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