Thread regarding Devon Energy Corp. layoffs

Merger bonus

Merger completion is in a few months and traditionally there has been bonuses. Any word on a merger bonus? I know completion is around the same time as regular bonus cycle, so not sure if that will complicate things.


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| 201 views | | 18 replies (last 33 minutes ago) | Reply
Post ID: @OP+1m643mpaz

18 replies (most recent on top)

Told yall

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Post ID: @2af+1m643mpaz

Some payout after the SAP cutover

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Post ID: @1ea+1m643mpaz

@193 Indeed they were and I for one are very appreciative.

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Post ID: @1aa+1m643mpaz

Big bonuses already paid to select in individuals

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Post ID: @193+1m643mpaz

@dy ya that’s a ctra thing that apparently kept them appeased as Tom took away their autonomy to make decisions.

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Post ID: @qf+1m643mpaz

@ee the deal closed months ago, merger close takes time and we have a target date of January. Both companies are still operating separately while slowly integrating systems or more so bringing ctra onto dvn systems. Same with all merger or acquisitions after onboarding is completed ideally by target date that’s when a “special” bonus will be announced. Relocation or retention is completely different and those were announced at close or before depending on your group.

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Post ID: @qe+1m643mpaz

@ft b-boy said 100s of thousands in refrigerators and more ongoing expense was guaranteed to immediately boost corporate employee morale and fellowship in okc—d-mb. but unfortunate the same thought/appreciation not applied to our field folks who don’t have a corporate amenities and other conveniences at their fingertips.

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Post ID: @q6+1m643mpaz

@dy not in the ldvn hobbs office they cut those out before the merger.

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Post ID: @ft+1m643mpaz

@bc we closed months ago, there’s been plenty of individual bonuses both retention & project based. Again, I’d throw it back that if you didn’t get one yet you likely won’t until (if) there’s a company wide one.

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Post ID: @ee+1m643mpaz

@dy you must be L-DVN. We have had those since inception on the L-CTRA side; however, we are losing our bottled water benefit. It'm afraid i's a slippery slope- it starts with the bottled water and the next thing we know we have to bring our own toilet paper.

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Post ID: @e1+1m643mpaz

@OP never gonna happen lol The Barbarians are still at the gate calling for a complete sale of Devon (the Layoff KING)

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Post ID: @dz+1m643mpaz

@OP you haven’t seen…free sodas and sparkling water are in the kitchen.

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Post ID: @dy+1m643mpaz

I thought keeping our job was our bonus.

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Post ID: @c3+1m643mpaz

@bc must be a corporate bonus. we haven't seen anything field side LDVN since last years bonus in march

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Post ID: @bd+1m643mpaz

@as you don’t get them until close. Sometimes bd will know before everyone else. We always get 100% of our training usually the only marks missed are safety or stuff that doesn’t relate to corporate. If you don’t have info on something what makes you feel the need to comment? There has been 3 other extra bonuses outside of individual project bonuses.

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Post ID: @bc+1m643mpaz

@ak I’d throw that back at you and say if you haven’t already gotten one that’s not company wide then maybe you weren’t on the list

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Post ID: @as+1m643mpaz

@af if that’s the only one you’ve gotten a bonus from then I’m talking to the wrong person or group.

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Post ID: @ak+1m643mpaz

@OP traditionally? You mean the one time. It’s possible we’ll get one above the typical bonus but I wouldn’t count on it. Focus on the item we have 100% control over, get 16 hours of digital training instead of 8 so we get 200% factor on that part of the score card.

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Post ID: @af+1m643mpaz

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