Has anyone heard anything about a warmup round of layoffs before the end of 2020? Been hearing some talk of this.

This is a generic discussion thread to capture comments about potential ConocoPhillips Layoffs 2021? Any news or rumors?

Saw this filed on SEC.gov site yesterday The Integration Planning Team (IPT) remains hard at work to successfully bring Concho and ConocoPhillips together, while also addressing the ConocoPhillips-specific cost and capital savings workstreams. I... — read more 

Oil industry layoffs across eastern Montana and western North Dakota now represent more than 20 percent of that sector's workforce in the region. The... — read more 

What in the world is going on with clear COVID office spread being covered up and/or ignored by leadership? When does science and medics guidelines supersede chasing pennies on our stock price? Doesn’t seem too aboveboard that announcements of cases... — read more 

Heard something is coming...any guesses?

20% to be cut in Houston office Monday the 16th.

Over the past few years I see less and less competent supervisors assigned to the teams. They have no deep knowledge of the subject, so they have very little idea what type of work takes a lot of effort and what does not. I was randomly rewarded... — read more 

You are right, with Concho purchase comes a major reorganization and it’s time to cut Bartlesville loose. Bartlesville has outlived it’s usefulness and is remote from company activities. If we need a second corporate center we will have plenty of... — read more 

https://ca.finance.yahoo.com/quote/COP/insider-transactions?p=COP&.tsrc=fin-srch

After 40+ years in the industry it’s time to hang my hat. I’ve seen a lot of changes, a few of them okay, but most made me scratch my head and think “you stupid id–ts”. I’ve gotten too old for all this bureaucratic nonsense and other things I see... — read more 

Is it just me, or has anyone left else noted in our online meetings that both our CEO and CFO added a lot of “poundage” since we’ve been shut down?

COP doubling down on lower 48 shale is a sure recipe for disaster when the industry doesn’t rebound in 2021, or 2022, or 2023, or... Most other companies are expanding into renewables and alternative energy, but not the wizkids at COP. How is this... — read more 

Kind of curious what group is let go first? Is it groups from COP or the acquired company?? Also what are the severance packages like

So, RL is specific about disposing of new ventures and global exploration - but how safe do any other groups feel? L48 at COP? Concho in Midland? other disciplines?

Seems like every lay off, the promise of thinning out the countless layers of managers is made. But they’re all still here doing whatever it is they do. It sure ain’t managing anything. Any guesses as to how many of these micromanaging lackeys will... — read more 

1) Announcing $1B in buybacks! 2) Increase in the dividend to shareholders! 3) Acquisition of Concho Resources for > 9 $B USD and >8 Bbbls of resource And a reduction of our heritage COP employees that got us here. No need for the “P-people”... — read more 

Will MF survive? Heard it takes him three weeks to figure out if the calendar is wrong.

First they give our jobs to Concho and now they want to take away the pension??? What a load of BS! https://techstaffer.blog/2020/08/17/conocophillips-is-cutting-costs-will-a-pension-freeze-be-next/

I wonder what cool acronym the leadership team will give the latest round of layoffs? How about ConocoPhillips Offers New Concho Hires Our jobs? Or just CONCHO jobs for short... At least it has a better ring to it than the Corporate Optimization for... — read more 

How many lawyers of management do we need? I can tell you for sure we don't need as many as we have - especially not when so many are duplicating each other. If we were to get rid of several layers - completely, just cut them in their entirety - the... — read more 

https://www.bloomberg.com/news/articles/2020-10-14/conocophillips-is-said-to-be-in-talks-to-buy-concho-resources Ouch

After pouring billions of dollars down the drain on buybacks in pursuit of self-enrichment, the ELT are not done yet! They announced on 30 Sep that shareholders will get a nice shot in the arm of another $1 billion in buybacks (that is, if they... — read more 

As a former COP employee (among the last to get an EOI in 2018) I wouldnt take any steep mortgages anytime soon. Cop will need to resize based on current price level which means the inevitable layoff. The days of getting paid to leave may be over... — read more 

People are more than happy to leave for greener pastures even during a pandemic - that should tell you something about the quality of the company. Honestly, the only reason for no layoffs for this long is the fact that the attrition is making up for... — read more 

Should I take how quiet it has been around here as a good thing or as the calm before the storm?

COP just sent out a note to contract companies requesting a 10% pay cut for all contractors. Anyone hear of related news elsewhere or similar employee cuts?

Uh, we shouldn’t of curtailed so much.

https://www.cbc.ca/amp/1.5668095 What does this mean to Surmont? Did they just quit Surmont?

For those been peddling the CVX acquisition, you can r.i.p now that theyve gone with Noble.

I see one of the boys got demoted. Couldn't have happened to a nicer guy.

The game of musical chairs has started. The dog days of September have not been forgotten by the ELT.

I’m hearing rumours of another EOI coming out of the LRP discussions. Anyone else? Anything concrete? With our CFO “retiring”, will Finance use this against employees again, or are we past that? Anybody?

Sounds like HR is looking to outsource much of the function as their new model and working with a big 4 consultant. Anyone else hearing this? Looking for a reliable source? Are other parts of corporate on the block as well? Is this to position the... — read more 

It’s looking like 2nd quarter has been the quarter for significant write downs for our industry. Anyone have any ideas which of our assets will be written down in this quarter?

When is Surmont 3 starting again? Alberta needs some new jobs, more and more people are going on EI.

BP laying off big time. If you don't think COP will, dream on.

Get ready to do some more with less, folks. Planning for October has begun with HR minions getting their marching orders. Stay positive, it was bound to happen. As Ryan would say, Stay Safe!