So many people are talking about quitting before the merger is finalized - why in the world would you do that? The more people leave on their own, less severance Anadarko (and Chevron) will have to pay. You are literally doing them a favor.
Stick it out. The worst thing that can happen is you leave a bit later. The best thing, you leave with a decent safety net.
If you feel that your time is up and you’ll be laid off, maybe it’s time for a slip and fall in the stairwell. Get yourself a good attorney and sue the company. Maybe they’ll pay you off well or maybe you’ll end up collecting permanent disability. Always have a Plan B ready.
If someone is not able to find a decent job within 2 years then it was matter of time to be thrown in the street anyway even if APC wasn't sold. Your pay,bonus and LTI level is part of the defined "good reason" in severance pay agreement (along with work location, responsibilities) and able to initiate anytime within 3 years from the sale. It is only 16 pages and easy to read not to mention important document from the benefits section website.
In this market, with lowest unemployment on record and oil moving upwards, even if 1,000 people in Woodlands lose their job will be impossible not to find something suitable in 3-6 months.
That is not a bet, it is certainty for the Houston oil market anyway.
The party isn't over yet, it's at 2:30 on April 24th in the Hackett Tower men's locker room. Bring lubrication and cucumbers or other large dild0 shaped objects.
Two things will f--- up your retirement plans, divorce and layoffs. Best to think about either before committing.
Got a prenup? Go get divorced!
Got RSUs and close to retirement anyway? Stick it out at APC!
Don't have any better choices? Start looking for better choices! Worst case, you find out there are none.
If you've got people counting on you, wait and see is selfish and lazy.
Value of ANDAR excluding debt is $33 billion. Simultaneously, CHEV announces it will divest of $15B-$20B in the two years post acquisition. Even if you survive to become an employee of Chevron, you have to worry about assets being sold to another buyer (and more downsizing as a result).
Better option is to get into a new job sooner if you find the right job. The party's over. Only so many spaces in the life boats. If you want to keep playing, be my guest. Who do you think it's more difficult on if they have to pay severance? They don't give a sh-- either way.
Leaving really isn't that bad of an option.
Get to choose a better place to work,
Having a layoff in your work history makes people less likely to hire you.
The dollar amount lost in not getting serverance is not much in the long term. Better to go to a healthier company and possibly make a ton off stock grants/options or a buyout.
Falling oil prices - fewer jobs......take the money and play the chances?