Topics regarding layoffs at Devon Energy Corp.

Topics regarding layoffs at Devon Energy Corp.

O&G: 50% Cuts Needed to Align Spending With Cash Flow

In this volatile market, IHS said its analysis indicates that Concho Resources, Whiting Petroleum, WPX Energy, Halcón Resources and PDC Energy are displaying the greatest spending discipline. Lower Price Scenario Paints Gloomy Outlook for North... — read more 

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| 1364 views | | no replies yet
Post ID: @OP+FVM8jin

Devon hires Jefferies to sell non core assets really??

I filled the tower full of slap dick ass kissing know it all entitled engineers and you can't figure out how much your own assets are worth? I sure am glad I put the boots to you guys when I did.

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| 1321 views | | 1 reply (February 13, 2016)
Post ID: @OP+FVc8VV4

Devon is like watching a bad gambler

Devon right now is like watching a bad gambler chase after losses. Spend 4.5B for assets instead of holding on to cash Hire new executives in the midst of a layoff and grant huge stock payouts to executives to ensure the golden parachute opens when... — read more 

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| 2940 views | | 8 replies (last February 13, 2016)
Post ID: @OP+FU0WJio

Three Weeks

We've survived for three weeks since they announced the layoff. It has not been pleasant, but it has given us time to prepare. The cuts will be very very deep. There will be people gone that you don't expect to be gone. Be a team player, get along... — read more 

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| 5360 views | | 20 replies (last February 15, 2016)
Post ID: @OP+FUcGTFz

Updated Workforce Reduction FAQs Released Today

For those that may have missed it they have updated the Workforce Reduction FAQs / PDF. They announced it on Strata Now late today via email. Whether the timing of the update has anything to do with when they will begin the purge remains to be seen.

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| 4150 views | | 12 replies (last February 13, 2016)
Post ID: @OP+FUixc0S

OPEC to the rescue!!!! NOT!!!!

It has been reported that OPEC is going to cut production.....again.....again.....again. There is no way that neither Saudi Arabia, Russia, or Iran will give up on cutting production to protect their market share. Regardless of what happens, Non-OPEC... — read more 

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| 1104 views | | no replies yet
Post ID: @OP+FTCcOK3

One month ago, Devon Energy hired a new Exec VP

The individual came from outside the company - several VP's were promoted to Exec VP's. Help me understand this - we are bleeding money and laying people off and boys at the top are playing games.

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| 3130 views | | 6 replies (last February 12, 2016)
Post ID: @OP+FT68uAI

Please see if you can assist here

Hello All, I need help… I am a retired BP IT employee and I’d like to start an O&G Layoffs group on Facebook – with quite a bit of spare time on my hands I can help folks organize and exchange information. I think I can kickstart this by inserting... — read more 

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| 1830 views | | 3 replies (last February 11, 2016)
Post ID: @OP+FTQkTBW

Thursday

I was told by a contact I Internal Audit that they were told today's layoff of their VP was timed in front of the rest of the layoffs because the board's audit committee meeting is Thursday and it had to happen now so it could be reported. Sounds... — read more 

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| 2500 views | | 2 replies (last February 12, 2016)
Post ID: @OP+FTz9ewM

Drilling

If you are in the drilling group be afraid. Hard to keep people with only 2 rigs running company wide.

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| 2071 views | | 5 replies (last February 12, 2016)
Post ID: @OP+FT5aBCA

Interesting Read

http://america.aljazeera.com/opinions/2016/2/how-cheap-oil-may-ruin-your-life.html

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| 682 views | | no replies yet
Post ID: @OP+FTLFjI2

Those overheads must be removed, worthless gangs

DPMM was a false start. Shall be ended to stop losses. Overhead of non core human resource assets. Steve Krueger is a turtle and he should be retired. M Sanders is a fascist from GE, he is just a salesman with many nonsenses. CS S Pm

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| 1750 views | | 2 replies (last February 12, 2016)
Post ID: @OP+FT4fpYa

Rigs

They layin down rigs faster than most your mothers!

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| 2911 views | | 9 replies (last February 11, 2016)
Post ID: @OP+FS8tft4

Any Layoffs in Finance?

I left about 5 years ago, I liked working for Devon...

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| 994 views | | no replies yet
Post ID: @OP+FS9HEEx

Assets For Sale

According to multiple posts online, DVN is selling assets in 4 areas. So does the total employees laid off include those working in the assets for sale? Or are they an addition to the total number?

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| 3470 views | | 10 replies (last February 11, 2016)
Post ID: @OP+FSLrHPj

The Good, the Bad and the Ugly...

In my opinion, Devon is a very good company facing some really rough times, but still one of the best in the industry. Commodity prices have tanked, and this is not something Devon or any single Energy company can control. OPEC is responsible for the... — read more 

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| 3941 views | | 15 replies (last February 10, 2016)
Post ID: @OP+FRTNm8X

Do something smart

Instead of the stupid remarks, everyone who is laid off should simply post gender, age when laid off. Ie, M56. If everyone did it you could see if any discrimination by Devon. There are lawsuits possible for discrimination.

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| 2480 views | | 8 replies (last February 12, 2016)
Post ID: @OP+FQ6WRZ8

project management and CI

Hopefully these guys will be gone soon. Bunch of idiots. Some used to work for the federal government.

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| 2360 views | | 5 replies (last February 12, 2016)
Post ID: @OP+FQRsHcg

Time to buy some sheep

Better start putting a cross of lamb's blood on your door every Friday morning to ward off the back cloud of death that will be passing through the halls. It works. I have it on good authority.

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| 640 views | | no replies yet
Post ID: @OP+FObC0uo

What goes around comes around

Having been an employee of Devon in Houston, some years back, I can say the Houston IT support and analysts were treated as second class citizens out of Headquarters IT. Support for Houston was an afterthought. Eventually Houston was closed, with... — read more 

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| 3150 views | | 10 replies (last February 8, 2016)
Post ID: @OP+FO2IHJa

2015 Bonus

Is it true that Devon funded its 2015 bonus pool at 90%?

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| 3210 views | | 6 replies (last February 8, 2016)
Post ID: @OP+FOLZdky

Devon Political Contributions

Wonder how many jobs we could save with that $750,000 http://www.huffingtonpost.com/entry/fossil-fuel-super-pac-donors_us_56b25c5ae4b04f9b57d82d06

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| 1860 views | | 5 replies (last February 7, 2016)
Post ID: @OP+FNYNoTg

Volunteering

What are the odds you get fired if you volunteer to be cut?

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| 2550 views | | 4 replies (last February 6, 2016)
Post ID: @OP+FN5b2n9

Hello. I'm sorry to hear of the tough times some of you are going through. I am an interested and experienced buyer of...

Hello. I'm sorry to hear of the tough times some of you are going through. I am an interested and experienced buyer of Magic the Gathering, Pokemon, and Yu Gi Oh Cards. If any of you are looking to unload your collections in these unfortunately tough... — read more 

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| 4190 views | | 25 replies (last February 5, 2016)
Post ID: @OP+FMesK8s

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