We all know when a company files for bankruptcy, layoffs are always involved. It's expected. But when you factor in all the complications regarding our bankruptcy, the scope could be much bigger than we expect. A lot of coworkers are anxious over this - me being one of them. I just wish more information was forthcoming and the company had better transparency.
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Does anyone actually believe they will make it in 2021? It would take more than a miracle imo
It's quite the game of chicken we are playing. Frankly there comes a time when the price of holding out for a severance is just too high. Good luck everyone and may the odds be ever in your favor
What's the latest on STX assets?
Latest update:
Very bad news today from the STX front...
Who needs to know knows, who needs to act will not act (as usual), and who needs to pray, start right now....
CHK needs some upper management layoffs so the worker bees left-overs can get their job done. Playing favorites, lack of transparency and communication, and lack of, or motivation to, understand positions they manage are k–ling the fragments of morale that remain.
The sooner the better
Anon,
Lay-off timing is being decided as we speak.
Most likely they will start after Thanksgiving, but other unconfirmed rumors say very early January in order to involve also Rockies, STX and Gulf.
So with Midcon closing Dec 11, what do we think that means for layoff timing? Before or after?
Death never takes the wise man by surprise, he is always ready to go. – Jean de La Fontaine
At least this CHK long timer knows the difference between “to” & “too” 🙄
Need to be prepared? You are years to late for that. Time to start executing your 'Plan C'. Then again if you are CHK long-timer, you're probably not that good at planning.
What they mean with “private” is that once CHK gets delisted (and all stockholder get a total loss), the banks (new private owners) could keep the sinking boat afloat as a single entity for the period needed to find some buyer to liquidate all assets for good.
Regardless, we still need to be prepared and have neat looking CVs ready for early 2021.
Who said anything about going private?
So now we have a possible company name change and maybe going private? Really wish we knew about layoffs
How bout that election. For CHK management and their ilk–remember the immortal words of Brother John Prine: Your flag decal won't get you into heaven anymore! Indeed!!
I personally would never use any form of the word transparent when when referring to chk management.
- and now wait for the communications or HR employees to jump on here and defend the ceo, talk about what a great place it is to work, how only the good employees are the ones left, management is trustworthy, and how Chk will emerge better than ever. Please let me sign up for tribute. The fact that they don’t take volunteers shows you it’s a sinking ship. They know everyone except HR would be fighting for a lifeboat.
We are almost ready to announce another “Black Friday” like the one in September.
This time it will include all residual Midcon and Rockies headcount that will not be liquidated/transferred with the assets.
Also, bad news, it seems that the legal battle for all the midstream contracts (including STX and Gulf) is not proceeding well.
Really, if you haven’t been working on your CV and networking, you are a bit ingenuous
They should give us extra severance for pain & suffering. Unless you are a manager or above, you know nothing and it s—s! The annual self evaluations are probably going to be used in determining the next layoff. Personally I would take a voluntary severance on Monday if given the chance. Wish they would hurry up already
Dust off and update your resume. Call your contacts. Be ready. There’s still way too many employees at chk to be successful out of bankruptcy