Topics regarding layoffs at Marathon Oil Corp.

Topics regarding layoffs at Marathon Oil Corp.

Did you get your button today?

Hey everybody did you get your morale boosting button today? Because nothing says loyalty like laying off 600 employees this year and selling off assets but giving those left their I Love MRO buttons! I know I feel better!!

by
| 600 views | | 7 replies (last November 10, 2015)
Post ID: @OP+Eoueq4A

The strategy

"Lowest cost, highest margin North American resource-play focused independent"- can I get paid millions to say I want to make money with the assets we have? Stop acting like resource plays are just a focus, it's all they care about. Might as well... — read more 

by
| 1070 views | | 13 replies (last November 15, 2015)
Post ID: @OP+Endsi62

whats in the news

HOUSTON — Marathon Oil Corp. will shed 200 jobs this month as part of a plan to restructure its upstream business into two distinct units, with one encompassing its key U.S. shale plays and another for its conventional drilling fields in the Gulf of... — read more 

by
| 710 views | | 5 replies (last November 9, 2015)
Post ID: @OP+ElbyEBK

Make sure to get your free popcorn in the lobby today

and reminisce with co-workers about the old days when Marathon gave away free generators, cokes, gym memberships and lucrative raises and bonuses for work that consisted of drinking coffee, licking stamps, envelopes, and certain unmentionable body... — read more 

by
| 690 views | | 9 replies (last November 7, 2015)
Post ID: @OP+EkBlpT1

Marathon Reports 3Q15 Loss of $1.11 / share

In the release Tillman states "we remain focused on driving operational excellence, reducing production expenses and G&A costs, pursuing portfolio management and maintaining a strong balance sheet"... — read more 

by
| 680 views | | 5 replies (last November 6, 2015)
Post ID: @OP+Ei1alcX

Severance Package

Termination Allowance Package. The employees laid off in February got a good package. The exploration group got a little less than the previous deal. This round will be even less. They rework it every round to be a little bit less.

by
| 1610 views | | 5 replies (last November 3, 2015)
Post ID: @OP+EgarZAk

Marathon pulls out of Croatia

Old news, but was never communicated to employees. http://www.offshoreenergytoday.com/croatia-confirms-offshore-license-recall-new-round-in-september/

by
| 560 views | | 4 replies (last October 28, 2015)
Post ID: @OP+E4n3i9r

Stock price breached $20...

Better sell it now before it tanks again after Q3 earnings call....

by
| 560 views | | 3 replies (last January 16, 2016)
Post ID: @OP+DS6hpmX

Marathon needs to get rid of the dead wait...Wyoming!

That asset is doing nothing for the company. They have no rigs running and are way over staffed. Its time to cut the asset loose, regardless of it being a "legacy" asset to MRO. And after that sell, MRO needs to take a page from their direct... — read more 

by
| 700 views | | 8 replies (last November 10, 2015)
Post ID: @OP+DKukab2

October 2015 or November 2015 Layoffs at Marathon

October 2015 or November 2015 Layoffs at Marathon - Have started hearing hints of "10% reduction in costs across the board" again...this is the exact phrase used just prior to the first round of layoffs. Would love to see some execs get canned in... — read more 

by
| 921 views | | 5 replies (last October 21, 2015)
Post ID: @OP+DKcNzWH

Here's an idea

Run a badge report and layoff the ones putting in a 6 hour day everyday

by
| 620 views | | 7 replies (last October 24, 2015)
Post ID: @OP+DKrG8D5

40 Laid Off in Global Exploration

This was very much expected, this took place three weeks ago. There will be more layoffs in October and November 2015

by
| 582 views | | 1 reply (October 1, 2015)
Post ID: @OP+DFx89wj

Here's an idea

Here's an idea. Why don't supervisors that only supervise 1-2 employees get he ax? What's the point in having that position, especially if one of the employees is a contractor? Speaking of contractors, why are we keeping them? They could get cut and... — read more 

by
| 720 views | | 4 replies (last October 4, 2015)
Post ID: @OP+DhnZ8FB

Here we go kids!

Here we go kids. Welcome to Corporate America: the Evil Twin of BOOM TOWN. The managers cull and cull...and then the MANAGERS get cut! Oil is down, ain't coming up, companies will merge, there will be buyouts, etc. Only committment a corporation has... — read more 

by
| 710 views | | 8 replies (last September 8, 2015)
Post ID: @OP+D41PZYw

2nd phase has started. 3rd phase to come.

If you are still employed by this awful company please don't fool yourself in believing that Lee and the powers that be are done with the cuts. The first phase was merely a payroll cut. If you made a certain amount of money or were at a higher pay... — read more 

by
| 890 views | | 5 replies (last May 19, 2015)
Post ID: @OP+B6ABzMq

Baker Hughes' approach to downsizing!

I saw today that Baker Hughes is closing their office near College Station. Here's what it says about their layoffs: "Terminated employees will be paid for a 60-day period, and benefits will continue for three months following the closure." We would... — read more 

by
| 660 views | | 1 reply (May 1, 2015)
Post ID: @OP+ASjUEJ1

New Hires?

Any news? I am supposed to start at the company this summer and am getting a little nervous due to the layoff situation...

by
| 680 views | | 4 replies (last April 2, 2015)
Post ID: @OP+AwUb8sf

Marathon Oil Layoffs 2015

As a family member of an employee that was part of the bloodbath I can tell you from the way my loved one was treated and the stories that have come out of Houston and the other assets it was indeed a "bloodbath". Many people have compared it to... — read more 

by
| 2250 views | | 23 replies (last July 20, 2015)
Post ID: @OP+AhShXfd

Bloodbath for the Marathon family

Never thought it would come to a "bloodbath" such that it did. Wall Street got what it wanted at the cost of some good people. As in the past, I didn't see any managers walk out the door. Always the little guy to bite the bullet.

by
| 840 views | | 4 replies (last March 3, 2015)
Post ID: @OP+Ad2D8QG

Well Prepared for the Downturn

There will be cuts but we are also very good prepared and the company has little debt. We prepared for the downturn and we can overcome all problems that we will be facing in 2015

by
| 530 views | | 4 replies (last February 19, 2015)
Post ID: @OP+A8y8TbK

2015 Laoffs at Marathon Oil

Do you think we will have layoffs in 2015? If you've been around in the 80s you remember early retirments and layoffs. We've had a good 30 year long run, but in 2015 who knows. Tillman probably knows the best, but I can tell you that folks in Houston... — read more 

by
| 700 views | | 4 replies (last August 20, 2015)
Post ID: @OP+z5QwBm3

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

: