Topics regarding layoffs at Devon Energy Corp.

Topics regarding layoffs at Devon Energy Corp.

Layoffs are happening now!!!

Get excited folks. Anyone who gets a pink sheet today wins the lottery! May the odds be forever in your favor PS: Contractors are also not safe...

Who will think of the poor VPs?

Wow, what a monumental announcement they just made. There’s likely to be hundreds of people laid off in the next month. And it now looks like a whopping 3 of them will be VP level or higher. It is a New Devon, after all. I just pray we can survive... — read more 

by
| 2790 views | | 2 replies (last September 28, 2019)
Post ID: @OP+11gaUSb2

Layoff Postponed for Devon Spooktacular

I know everyone is wondering why the layoff didn't happen yesterday. I have it on good authority that the Board wanted it pushed into October so it could be rolled into the Devon Spooktacular™ festivities. So use this reprieve to get your... — read more 

by
| 2770 views | | 4 replies (last October 2, 2019)
Post ID: @OP+11f1oo2Q

Wisdom of T Boone

T Boone Pickens once said “If you’re not replacing your assets, you’re liquidating.” Smart man.

by
| 1851 views | | 2 replies (last September 26, 2019)
Post ID: @OP+11dKeZd5

Keep on Dancing

Our company just spent two weeks dancing and making absolute fools of themselves. What happened to a professional work environment? Meanwhile Continental, EOG, ConocoPhillips, etc are working hard, growing, and creating value. I doubt they announce... — read more 

by
| 4330 views | | 10 replies (last September 25, 2019)
Post ID: @OP+118wdJbH

6 Years Ago, I Hit The Lottery

6 days ago, I hit it again. It’s pretty weird to be so glad that I no longer work for a company that I was so happy to have me hire, but there you have it.

by
| 3380 views | | 8 replies (last October 1, 2019)
Post ID: @OP+118UJVRV

Layoffs/Re-org

Any idea when those layoffs are supposed to take place? What rumors are out there?

by
| 4060 views | | 11 replies (last September 27, 2019)
Post ID: @OP+115EdOlf

please cleanse us

Elliot mgmt, please cleanse us of TV, TM and WH’s sins. wash the taint. Please return us to being a real oil company, not a private country club for these sick cuuucks who have been running the company into the dirt.

by
| 2790 views | | 6 replies (last September 17, 2019)
Post ID: @OP+114FX8dh

AP’s Downfall

Now that all of AP’s supply chain contacts are laid off, more problems will plague the group. PO integration will get worse, more invoicing issues, etc. Several people in the group are close to leaving Devon. No one likes the current invoicing... — read more 

by
| 2592 views | | 5 replies (last October 1, 2019)
Post ID: @OP+114od9Xb

It Has Begun

In every battle, there are those who survive, for no known reason. Today, some lucky few were chosen to have liberty bestowed upon them. For the rest who remain, we salute you. Good luck, you poor b–tards.

Asset sales

Does anyone know what assets are up for sale soon? Heard the Anadarko is on the chopping block.

by
| 2201 views | | 4 replies (last September 11, 2019)
Post ID: @OP+10Ziqm5i

New Devon becomes "Devon Hospitality"

The transformation to New Devon, a.k.a. Devon Hospitality, is nearly complete. Once Devon can divest the remaining oil and gas assets, they can focus on their core business of hospitality which is not as sensitive to commodity price... — read more 

by
| 3500 views | | 9 replies (last September 7, 2019)
Post ID: @OP+10OOpMco

When does the selling end?

Canada, Barnett, Anadarko, what’s next? At what point will the Exec team admit that all we are trying to do now is stay afloat and get a life raft from a major?

Layoffs in ABBU?

Rumor going around that there will be an announcement soon about layoffs in ABBU. Anybody hear anything?

by
| 3090 views | | 6 replies (last September 11, 2019)
Post ID: @OP+10Mtt8lk

Asset Sale in Progress

Will this one actually go for fair market value? The Canadian assets were let go for nearly $1B less than fair market value. Is this another desperation sale of assets from the clearance rack?

by
| 1440 views | | 1 reply (August 28, 2019)
Post ID: @OP+10LPeqLS

Get Out Before Next Recession

There will be a stock market collapse and recession within a year. Just like in 2008. Devon is not positioned well to weather the storm. Get out of this sinking ship now while companies are still hiring. Move to something more stable. Such pathetic... — read more 

Incompetent

Worst company ever. Bp’s and Managers are technically weak but trying to make decisions when they don’t understand simple math/physics.

21 VPs

Still have 21 VPs. Need to cut. Can start with W-H, id–t that came over from marathon, claimed to be expert in STACK, sh*t the bed on well spacing.

Attorney?

Does anyone know who the best employment attorney is in okc? That will be ok going up against this place?

Blockchain in the wind

Goodbye Dr M—ton, you were the greatest sweater wearing toker, in the history of Devon data science, Even when you flopped, you fabricated complex sounding bullsh** And the leadership you had knew nothing more And it seems to me,you lived... — read more 

I am mad.

As you all know GS issued a sell rating in the wee early morning hours on 7/23/2019. How DARE they. This analyst DARES to question OUR numbers? We are ALWAYS right in our flawless self analysis. There can NEVER be someone who disagrees with how we... — read more 

Can you explain Vision 2020 to me?

Will a rabbit pop out of a hat then? It seems the results to this point are to diminish the company, lay employees off, and reduce the stock price dramatically. As a stockholder, that seems counter-intuitive. Is something wonderful supposed to... — read more 

Canada closes

The Canada sale closed today, DVN truly a shrinking violet. They could not get RD off website fast enough.

Pull the trigger already!

Canada sale finishes up at the end of the month. Hoping soon thereafter for an acquisition by a major, or a merger with a larger company. Worst part is waiting for something to happen. Folks are sick of the cost saving exercises that feel like part... — read more 

His finest hour?

https://www.cnbc.com/video/2019/06/19/devon-energy-ceo-david-hager-oil-crude-gas-commodities-squawk-box.html

Value destroyed

Between Northstar, Anderson, and the short lived BP Oil Sands deal, Devon spent well over $10B. Now they sell off the Canadian assets for $2.8B. Thanks for destroying value! The entire executive leadership team should be fired, but we have a do... — read more 

Canada out!

Hurry up and get it done. Or start the restructure in Canada. Too many people keeping their thumbs warm waiting ever since the divestiture announcement. Make the changes already

Poor middle and upper leadership

Devon management is weak on articulating clear lines of authority and establishing strict accountability, in effect, many times promoting people they like and trusting them to figure out the job and do what what's right. Well, more than a few... — read more 

Emergency Announcement- For Immediate Release.

Emergency Announcement- For Immediate Release. From under the superintendents desk, Widetrack has an important announcement for your safety. People of the tower, you have probably seen the minor event taking place at the tower. Rest assured my team... — read more 

BU control

I feel that leadership will continue cutting personnel in OKC and slowly give each BU more autonomy because there won’t be enough OKC staff to perform the job when the cuts are done. I generally agree with a de-centralized command model but not if it... — read more 

Learn something new

There has never been a better time to focus on learning new skills - it doesn't take a genius to figure out that both this company and this entire industry will continue to shrink. If you don't expand your skill base, you might find yourself in a... — read more 

NEBU

Anyone here that the Sushi guy at NEBU was laid off this week. I guess no ones safe around here.

Start a new thread - post a news comment, question or message:

: