Topics regarding layoffs at Devon Energy Corp.

Topics regarding layoffs at Devon Energy Corp.

Late night thoughts

Dreading tomorrow, and this week. I love my Job and do not want to leave. Good luck to.you all.

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| 680 views | | no replies yet
Post ID: @OP+SBzVgj8

Severance Packages?

Has anyone heard if they are offering the same or somewhat comparable severance packages this go around? Or are we gonna just be kicked to the curb?

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| 2112 views | | 2 replies (last April 9, 2018)
Post ID: @OP+SzhaUGV

More cuts coming

Accounting management has told many of their employees that a 35% cut is coming. Unsure if that’s company wide or just support functions. Haven’t heard any other discipline management telling their people anything besides the typical don’t buy... — read more 

Working at Devon

It's awesome. For proof, see http://www.devonenergy.com/careers/our-work-life

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| 970 views | | no replies yet
Post ID: @OP+SyGTJW2

Any truth to the rumour?

I can't sleep tonight because I heard some guys at lunch today (they work for Devon, but don't know what they do) talking about Devon' s decision to outsource their accounting and possibly IT dept. Is that even possible with a company like Devon? I... — read more 

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| 3930 views | | 9 replies (last April 5, 2018)
Post ID: @OP+SwogW2D

Devon fire sale, nobody is safe

So Hager says he's selling everything outside of Stack, Rockies, and Permian. What's going to happen? Is he testing waters or have deals been made? Man I feel like sitting ducks waiting for a package. Who's gonna buy eagle ford? Who's gonna buy... — read more 

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| 3450 views | | 8 replies (last April 4, 2018)
Post ID: @OP+SqzzCXq

2018 will be layoff free!

Too much paranoia in the tower given how Devon is struggling less and looking so much better than most of the competition. If you are a low performer you still need to worry and if you are employed by what ever company will be bought by Devon this... — read more 

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| 3660 views | | 6 replies (last April 11, 2018)
Post ID: @OP+SlpbEYe

Question: is it really worth it anymore?

I have not looked at thus site in a while because I was laid off from Devon back in Feb 2016, and it turned out to be the best thing to happen to me careerwise. It sounds like things have not improved at all and is probably even worse now than 2 yrs... — read more 

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| 2670 views | | 10 replies (last April 11, 2018)
Post ID: @OP+SkQK13i

Packing Boxes & Not Open To The Public Signs

Am I paranoid or did I notice packing boxes being transported discreetly (surprised a worker bee in the parking garage) and the "NOT OPEN TO THE PUBLIC" rope-off signs being situated? Please tell me it was a surprise party for someone after hours.

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| 2180 views | | 6 replies (last March 27, 2018)
Post ID: @OP+SiBVocZ

GET PREPARED

After going thought 4 rounds of layoffs and a job loss, the best advice I can give is to be prepared. Devon is in the top quartile for G&A among it's peers, and a majority of G&A is in compensation. You can do the math. The signs are all there, for... — read more 

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| 1880 views | | 2 replies (last April 6, 2018)
Post ID: @OP+Sh5U7Wn

Mother of all layoffs

Mother of all layoffs will take place over a 3 month (May/June/July) period Up to 32% of FTE and contractors will be cut over a 3 month period.. DE wants to slim down. All L2 mgrs and their directors have been instructed to provide an excel... — read more 

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| 3560 views | | 8 replies (last April 13, 2018)
Post ID: @OP+Sdwbi8E

Reorganization

I’m hearing some of the same echoes regarding a major reorganization by end of Q1. Close friend is interviewing at Devon and he has been put on hold. Something is brewing. You can tell by the way HR acts and senior leadership, they know and it is... — read more 

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| 3640 views | | 9 replies (last March 12, 2018)
Post ID: @OP+RXdgAer

Reflection

It's been quite sometime since I was laid off from Devon. I completely understand that it was necessary as a cost reduction for people to be laid off. After having so much time to process everything and reflect, I'm not bitter anymore and have moved... — read more 

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| 2700 views | | 13 replies (last March 27, 2018)
Post ID: @OP+RWqkLFa

Why...

Why did I knowingly pour my sole into a company that threw me to the curb? Why did I sacrifice time with my family in order to position Devon for success? Why is my name on the highest piece of steel on that tower and my heart ripped out and stomped... — read more 

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| 2920 views | | 11 replies (last March 16, 2018)
Post ID: @OP+RN7Qfo1

Delayed Stock Award

You know something bad is going to happen now that they have once again delayed the stock incentive award. Will February 16th be a repeat of 2016. Mostly likely .

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| 2100 views | | 6 replies (last February 14, 2018)
Post ID: @OP+RGV1uEW

A layoff will happen

To all of the Devonites, if you don't think a layoff will happen don't kid yourself it will. So save your money! It will happen by the end of Q1. I used to work there and my friends who still do have told me of looming asset sales, re orgs and... — read more 

Probably should not own DVN stock...

My recommendation to anyone working at Devon is to not own any (or at least very little) Devon stock. If you have a lot of your money in DVN stock, and depend on it for a paycheck, you are putting all your eggs in one basket. If anything happens... — read more 

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| 1340 views | | 3 replies (last March 1, 2018)
Post ID: @OP+RCmY54v

Devon Hires Cookie-Cutter Types

Devon has a reputation for hiring 6' 6 inch white male employees with athletic builds. Older employees or anyone overweight are ostracized by these athletic pricks. Very little diversity at Devon.

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| 1782 views | | 5 replies (last February 5, 2018)
Post ID: @OP+RxP9W4g

For gods sake don't hire Chesapeake Geologists

With the Chesapeake layoffs recently happening I hope that Devon doesn't hire any of their laid off geologists. Pretty much every geologist at Devon I have met that originally came from Chesapeake has been a f---ing retard. If anything, let's follow... — read more 

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| 1550 views | | 2 replies (last February 3, 2018)
Post ID: @OP+RxeV1My

That was a down

So that was the dumbest reorg/term. DVN had a chance to fix the DBBU leadership and failed to do so. Even promoted one. Why are those leaders still employed. They are the reason that the DBBU is a dumpster fire.

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| 3110 views | | 4 replies (last November 15, 2017)
Post ID: @OP+PXInC88

Drug testing? Just got back from Colorado.

I'm wondering if I'll be drug tested. I don't seem like someone who would need to be. I'm married with kids. Does anyone know how this works at this time?

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| 4000 views | | 8 replies (last November 1, 2017)
Post ID: @OP+Psclwgd

! MAGA !

MAGA is all you need to know to turn this company around. Well, also Fire and Fury. He stole my band's new name!

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| 1703 views | | 1 reply (August 12, 2017)
Post ID: @OP+OIaeXeK

Inside Info

Hearing rumors... any insider info?

EVP Adminstration is a Snake

Don't trust- he's not looking out for Devons best interest and if you challenge him he will make sure you are no longer there! Enough said, stay the hell away from the $6M man he is a snake to say the least! Beware! His day will come soon enough... — read more 

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| 3330 views | | 2 replies (last July 17, 2018)
Post ID: @OP+Ol0LON9

Leadership & Vision

Larry chooses as his successor for a highly motivated and forward looking energy company to a Canadian lawyer. Ouch! Next in line is a Jerry Sandusky look-a-like that possesses no vision or inspirational leadership traits. Result is a once proud and... — read more 

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| 3270 views | | 4 replies (last September 9, 2017)
Post ID: @OP+O85JHBI

So many new faces

Oil and gas is slowly making its way back. i just have to wonder did Devon act too fast. i had many good friends and it now feels that they are being replaced rapidly. Did we really save that much money when you consider the severance package and the... — read more 

Anyone else feel this way?

I have been with Devon a long time, and I am getting too old to stress about start g my career over again. Does anyone think that we will make it through without layoffs? What are all of the Accountants who account for the Barnett going to Do? Can... — read more 

We are now 1/3 the value we used to be!

How low will we go before something happens? I make sure my work is done and I keep my head down. I know any time now they will be laying off again. I hope I can make it through another one!

At least we now know it is going to happen.

Well that takes the guess work out of knowing when the other shoe will fall. Now we just have to wait for the date and how many. Such a shame. I love working at Devon but, I understand that they have to protect that bottom like.

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