Has anyone heard about the potential layoffs in Calgary?

COP is a great company and these are unfortunate times. Severance package circumvents the "warn" law, not all companies are this generous during lay-offs. The closed door meetings have already taken place. They are finished and I suspect the list of... — read more 

Speaking to the Bartlesville Noon Rotary Club, Headley did not specify how the companywide reductions might affect the Bartlesville labor force, which operates the corporate data center and handles many other support functions. The company’s 1,840... — read more 

I'm not sure if COP needs to comply with the Department of Labor WARN law. If it is required to comply with this law, then written notifications must be provided 60-days prior to the terminations actually taking place. Subtracting 60-days off of the... — read more 

Ryan Lance told employees this morning during his annual VCIP town hall that reduction of ConocoPhillips' direct workforce by 10% will begin soon and will be finished by April. He said that there would be no early retirement packages offered and that... — read more 

Hope your name is not on the boardroom table right now. Forced ratings are back and 4 and 5 are out the door very soon.

You saw it yesterday, layoffs are coming. Now, they are not trying to downplay it and this will affect all of us. Matt Fox said yesterday that cuts in Europe are already massive and that we will have more cuts in the US. Now, do the math, it's easy... — read more 

Anybody has more details about layoffs that took place in Calgary earlier this month (Jan 2015)? I do not think they were big, but a handful of people might have been let go.

Any updates on layoffs for today? It looks like SLB and Baker Hughes are hammered today. Also it looks like OXY and BP are cutting as well.

I’ve been with the company for over 15 years, I started with Phillips Petroleum way back then. I’ve seen things go up and down, and if you feel like you are freaked out with the drop in prices please relax – things will always go up and down for us... — read more 

We'll see what happens in 2015, it'll be a rough year with prices rapidly dropping and profits melting away so quickly. We just cannot sustain such a large payroll.

I work for a competitor, how were your bonuses this year?

ConocoPhillips is cutting almost five percent of its overall work force, slashing capital spending by almost twenty percent and writing off thirty plus billions in noncash assets because of dropping energy prices...

But layoffs will start soon, the prices are depressed and I think we'll be challenged there - Conocophillips has been pretty good to me so I cannot complain, but I know that there major soft patches in our business model.

btw - check out CHK's board - there is a ton of posts there - it looks like they cut over 1,000 people over last three months or so - heavy hits this week

I can tell you that something is brewing – HR had many many meetings over last few weeks, and the pace is accelerating. Closed doors, unhappy faces, something is in the works. ConocoPhillips is doing good right now, but every time we are close to the... — read more