Thread regarding Chesapeake Energy Corp. layoffs

Monday 6th = game over?

Layoffs finally coming to the OKC campus on Monday 6th

by
| 3121 views | | 5 replies (last April 7, 2020) | Reply
Post ID: @OP+14kE9e6o

5 replies (most recent on top)

did any departments have high % of reductions and/or manager removal, ex. to setup for department consolidation?

Overall, the cuts in the business units seemed minimal. I figured there was some small chance the only people standing would be the production engineers, a few reservoir engineers focused on valuation, and landmen to keep lease records clean

by
| | Reply
Post ID: @2peo+14kE9e6o

seems like a 8-10% reduction across production, reservoir, geology. i can't tell on drilling, completions, or other departments

by
| | Reply
Post ID: @2krd+14kE9e6o

Ok, Tuesday instead of Monday.
I was wrong by 24 hrs.
Not bad.....

by
| | Reply
Post ID: @2sec+14kE9e6o

The CIO did clearly imply to the entire IT org that the layoffs would happen this week.

by
| | Reply
Post ID: @1oje+14kE9e6o

The 2 Bobs: We find it's always better to fire people on a Friday. Studies have statistically shown that there's less chance of an incident if you do it at the end of the week.

by
| | Reply
Post ID: @1qup+14kE9e6o

It never happens on Mondays.

by
| | Reply
Post ID: @doy+14kE9e6o

Post a reply

: