Word was all of us let go were showing as Presence Unknown on IM yesterday and that’s how you could search for people who were gone. Here’s something to celebrate our freedom and show everyone we will be ok! https://www.amazon.com/dp/B079HH77VN
Close Shop
Sell the campus and move to the abandoned Park Estates shopping center in northeast OKC. I bet the campus would make a nice home for a company really worthy of the campus. Erect a monument to AKM.
Lets get to work
As an investor in this company, I expect employees to do the job they were hired to do, not playing on the internet and posting negative comments. This is a concern especially during work hours! Your superiors expect you to do your job and bring... — read more
CHK Accounting Dept
You guys are the next to go..... We are 35% higher with personal then Devon... Out sourced to PayCom..... Good luck people.....
How come we didn't know this was coming?
Maybe it's just me, but I was really blindsided by what happened yesterday. I know a threat of layoffs always hangs over our heads, but I didn't really see something of this magnitude happening with so little warning. Is this on me? Or did this... — read more
Job loss checklist
Found this while looking for what to do, and I thought maybe somebody else could use it. https://www.forbes.com/sites/forbesfinancecouncil/2017/03/16/after-a-layoff-what-financial-questions-should-you-address-first/#34ede150335b Also, this is from... — read more
Management Collects Rewards While Layoffs Continue
Management Collects Rewards While Layoffs Begin http://www.seekingalpha.com/article/4141690 Still negative cash flow and billions in debt
INSIDERS and LAYOFFS
Layoffs for all 400 was not a CHK secret and negotiated in the previous asset sales. People in OKC office knew it was just a matter of time, and many will be hire back when the rest of the news is announced. Without insider buying for several months... — read more
Division Order Dept
How many people in the DO group were affected?
Sell or don't sell the company stock ?
There are many rumors that the layoffs had to happen because of a take over of our company. If that's true, then please make the announcement so we can be rewarded buy selling our stock at a much higher price.
Stock Options
Should I exercise? Comments?
SNL SKIT
If you need a pick me up please go take a look at the re-org of drilling from VP down. What a dumpster fire! If you want to do the wrong thing every day of your career, drilling is the place to be.
It gets better
Couple years ago When I was in the slaughter house getting told that day would be mine and few great co workers last day working for Chesapeake, there was more relieve in the room then sadness (maybe because we got big severance checks) or maybe... — read more
Mood elevator
HEY DOUG! I hope things are well in your ivory tower. I'm just sitting here doing the jobs of my entire goddamn department that you fired yesterday. So my mood is CURIOUS. I'm curious why you still have a job. Worst leader I've ever had the... — read more
THE WRITING IS ON THE WALL
If you are still dedicating your time energy and effort to this company I feel sorry for you. It is very clear where this company is headed, lots of pain ahead. Doug and team don’t care about you, you are a number to be expensed in the next Layoff... — read more
Was part of the 2013 lay off...
Thank God I didn't suffer this toxic b---s--- for the last 4 years. All I can say is there is life after CHK. To all those affected today, God Bless and welcome to the CHK lay off alumni club!
From the outside looking in
I deal with just about every oil company in Oklahoma in an environmental aspect. CHK is by far the worst non mom and pop that I've dealt with. Talent stand point is beyond awful, truly void. Spending money when spending money isn't warranted happens... — read more
Homies
Lot of good folks gone today. I’m pouring out a little veuve clicquot for my homies this evening. Wish nothing but the best for you all. Onward and upward!
Culture?
The EC does realize all money spent on culture training has now been completely wasted right?
Layoff Letter Sent Today (by Doug Lawler, CEO)
(Source below) Dear Colleagues: By now you are aware we have undergone a reduction in Chesapeake's workforce this morning. This action impacted approximately 13% of our employees across all functions of the company, primarily on our Oklahoma City... — read more
CHK blows
CHESAPEAKE didn’t stand a chance when they got rid of Aubrey and then drove him to his death! Nobody could have turned the company around better than Aubrey! Maybe yalls president y’all voted for will make it easy for u to find another high paying... — read more
It would have been nice to know the truth
Whenever a company purposely misleads hard working people and suggests they invest in subsidiaries like 77 energy ....knowing it's toxic debt with basically no capital, we wonder how you stay in business at all.
Have all those affected been notified?
I'm wondering if all of the people who are affected by these layoffs at Chesapeake have been notified by now? Or can we expect more notifications tomorrow? I've been stressed out the entire day, and the idea of going through this again tomorrow is... — read more
wyoming was hit too
two of my coworkers were laid off today. this is only in my department, i don't know about the rest. everybody here is till on edge, like we are expecting this to continue. hopefully this is truly it but i wouldn't bet my money on it. good luck to... — read more
3 - 5% Turnover
With a 3 to 5 percent turnover rate - and zero layoffs - SAS is a company that proves it can be done. And btw, they do not answer to shareholders OR Wall Street analysts! https://en.wikipedia.org/wiki/SAS_Institute
Layoffs criteria?
Anybody knows what was used as criteria for these layoffs? From what I can see, it was certainly not performance based. We lost some of our very best people today. Some of the hardest workers are gone and some people who should have been gone are... — read more
We still have CHK stock!
OHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH
Life Lesson
This just goes to show you that we should treat a job as a job and not our lives. So many people sacrifice time away from their family and loved ones for their jobs, because they feel the company appreciates it and will take care of them down the... — read more
Upper Management?
Were many directors/VPs let go or mainly lower level staff?
M & A
Does anyone know who may be buying Chesapeake Energy? Names like SA,Exxon, BP,Shell and a company from India have surfaced.
Surprised by media coverage
I'll admit, I'm very surprised by media coverage of these layoffs. Most of the times they just prop companies for bonuses and ignore layoffs unless they are in thousands. However, from what I can see, Chesapeake truly made the news, at least on the... — read more
Severance?
I've read in another thread that those who were laid off get paid for 60 days like normal in addition to severance, but it does not say what severance is like. Any chance somebody knows what Chesapeake is giving to laid off employees as severance? Is... — read more
Core Values
As an employee at CHK it is obvious to every person supervisor and below that the leadership level are out for only themselves. A 4% raise to a person making $45k is drops in the bucket to a 4% raise to someone making $400k. It is a joke when that... — read more
400 total number?
I've been checking out media reports, and most of the articles I found say that Chesapeake laid off 400 people in Oklahoma City. Now we know for a fact here that people were laid of in Ohio as well, so I'm trying to figure out if 400 is the total... — read more
Age of those who were laid off
Not sure how many people who were laid off are here on this board right now, but if there are some, can you please tell us your age? The main reason I'm asking is that it seems to me from the people I know who were laid off is that most of them are... — read more
Gone after two decades
My husband was just let go... After nearly two decades with the company... No advance warning, nothing... This shows just how much Chesapeake cares about its most experienced and loyal employees... Nearly twenty years of exemplary work and this is... — read more
What else was hit?
From what I can see, Oklahoma and Ohio were both hit, but Oklahoma took the brunt of it. Anybody knows if any other places were hit as well? From what I can tell so far, Pennsylvania is safe, but I'm wondering if we got lucky or if we will be hit... — read more
Yes, it's toxic here, but... Yes, we are all spent, but...
There are many good and hard working people working at Chesapeake, but they are overshadowed by those who have managed to keep their jobs through nepotism and a---kissing, and are now working hard to make sure nobody new is their competition. This is... — read more
https://www.facebook.com/TheLayoff/posts/1569499699813147
https://www.facebook.com/TheLayoff/posts/1569499699813147