Dear Colleagues: As a follow-up to Ryan’s email on the COST Project, it has been determined that of the positions being permanently eliminated, more than 500 of them will be in Houston. We are required by the Worker Adjustment and Retraining... — read more 

Another day, more bad news. What famous (and maybe not so famous) movie quotes come to mind when dealing with the emotions of a mass layoff?

Can someone summarize what happened today as it relates to layoffs (conflicting news on the web)? I was let go a while ago. I wish you all the best.

Looking for recommendations from those who have gone before - COP has opened an EOI period through Sept 11. If a long-term employee is not averse to being laid off with severance, what are the downsides to entering an EOI? If you are in a position... — read more 

Sadly it's seldom about real G&A savings, that's not going to make the difference in a company's survivability. It's sacrificing staff to show head office, the owners or the Board you're taking action. The human cost doesn't matter and it costs... — read more 

I can’t believe the gall of this company. My spouse was laid off recently, probably because he was older and higher paid. They replaced him with a younger employee that has been with COP for just under two years. His former boss called and asked if... — read more 

Might be time to book any appointments that use benefits in the next few weeks. I'm booking the dentist tomorrow just in case and filling up my prescriptions.

Still no one has posted the supervisor email that basically is asking for volunteers. I do not currently have any direct reports in my role, so I didn't receive it.

Anyone know what's happening there? Ex-husband works there, divorced with alimony and 4 kids. I hope he keeps his job.

I guess, he did not predict it (or was that a she), maybe the person just knew what's being planned. At that time everyone kept saying that it will be much bigger and people were making jokes about the prediction. Now that we know the number we... — read more 

This is just round 2. After the asset sales in Q1/Q2 2016, we'll have round 3. Then for Finance - KPMG will come tell Jeff Sheets how to re-structure and we'll have round 4. If you make it through to 2017, you MIGHT be OK.

http://www.randalolson.com/2014/08/28/where-the-u-s-gets-its-oil-from/

Folks be warry! I retired early, & I rolled most of my thrift and all of my retirement out & away from COP. HOWEVER, I retained what I need to live on until I reach 59 1/2 with Vanguard in Stable Value. I worked with Vanguard to make monthly... — read more 

The email to Alaska indicated it would be 10% for that BU

Buffett is coming

Some will see groups slashed by 50%, it will be bad. No one is safe. I've heard that from so many. Look to your left and to your right, one of those people will be gone.

Here's a link to the Houston Chronicle that also provides Chevron's WARN letter. Chevron provides a specific start date for Houston lay-offs and an exact number of affected employees. Frankly, I wish COP would offer the same level of detail. This... — read more 

I saw a new item in my last pay cheque, that says "Special Recognition" its a small amount of money but just want to know what is any comments?

Houston Mayor's office notified of more than 500 employees affected by layoff. Will be many more!!

Seems like a lot of people are volunteering to take the severance package. Can some of our May "volunteers" describe how this process works. If you volunteer are you able to set when your last day will be ?

Bets accepted

Lack of communication on what is going on. No one knows exactly how the people who are laid off are chosen, and when they are chosen they are walked out like convicted felons. I've been with the company over 10 years and have had solid performance... — read more 

That's when the kingdom goes into the red at $50 oil prices... And on Aug. 28, 2019 that's when we will go back into the deep water GoM...

From 1996 to 2006, a group of scientists went onsite at Boeing to study what happens when a company is inundated with layoffs. They wrote a book about the study - "Turbulence: Boeing and the State of American Workers and Managers". They claim that... — read more 

No offense. 2 million barrels of oil a day. $40 price and $50 cost ($10 per barrel loss). Cannot stop production as the debt must be serviced. Loss $20 million per day, $600 million per month, $7.2 billion per year... And the numbers are quite... — read more 

I've read with interest the number of posts written which suggest Finance roles should be pushed out to the BU's. During my long career I have seen times when much of these roles WERE with the BU's. What this means is that there could be SEVERAL BU... — read more 

So we are "right" sizing and returning the Ex Pats home. Which means ~20-40% layoffs from right sizing and another ~5-10% layoffs for Ex-pats to come home to the smaller BUs. Stressing big time...

I talk to co-workers, particularly younger ones who say "I hope I don't have to look for a job." In other words, they aren't looking, which they should be......as should everyone. It's just the prudent thing to do. Experts will always say it is... — read more