Thread regarding Chesapeake Energy Corp. layoffs

An astonishing number of people are leaving

I don't know if this many people have ever left this company before? Is that the goal of our top dogs? Since the start of the week, several colleagues of mine have left. I wonder if our leadership is ready to deal with the consequences that are inevitable because the best people are leaving.

by
| 2961 views | | 12 replies (last September 2, 2021) | Reply
Post ID: @OP+1bQST6tj

12 replies (most recent on top)

Heard we are losing few more today and tomorrow because of the continued garbage managers keep pushing but we are reducing G&A.

by
| | Reply
Post ID: @Nrld+1bQST6tj

Does anyone still LIKE working at CHK?

Because I've not met a single employee who isn't EAGER to accept an offer to join another company right now.

So many people are acting like they've seen "the writing on the wall", so to speak, treating now as a good time to jump ship.

by
| | Reply
Post ID: @kwpc+1bQST6tj

Haaa. And you think SB throwing temper tantrums and protecting his BOYS is ok?? Bet those staff meetings are fun to watch all the VPs jockey for position.

by
| | Reply
Post ID: @7tli+1bQST6tj

Last I heard we were around 1,200 ish. Some people walk around like we are still the company of 12,000 and have 200 rigs and buying everything in site. In reality we are 1,200 of what’s left and selling everything that can be sold. Literally selling trash cans, dinner plates, and forks and spoons.

by
| | Reply
Post ID: @7zmj+1bQST6tj

Just as curiosity, what’s the total head count now?
Below 1,000?
I recall in November 2019 when I got laid off the total number of employees under DL was ~2,300

by
| | Reply
Post ID: @6egn+1bQST6tj

All part of the plan to cut staff without having to pay out and lower G&A so the VPs can hit targets and cash in on bonuses.

by
| | Reply
Post ID: @5pii+1bQST6tj

Engineering

by
| | Reply
Post ID: @3voc+1bQST6tj

From what departments? Not saying it’s not happening, just not happening in mine. Just curious.

by
| | Reply
Post ID: @2hxk+1bQST6tj

The best people has already left already or being unfairly laid off.
These ones are just lucky average Joes that were able to find something else that will pay for their mortgage, and will have a slightly longer life than the 1-2 years left to CHK prior to the final implosion

by
| | Reply
Post ID: @2vqr+1bQST6tj

This is not a product of the bankruptcy or the loss of LTI. This is the product of consistent lack of leadership and the hypocritical culture that the c-suit has created. It’s been the mentality of do as I say and not as I do. It’s been the beatings will continue until the moral improves. It’s been the consistent good ole boy system that the spider and his cronies created. When they realized they lost control they did what any narcissist does and they move on. The ironic thing is a narcissist never believes they are the narcissist.

by
| | Reply
Post ID: @2vvp+1bQST6tj

They already fired their best people. The only ones left are in the club, friends protecting friends.

by
| | Reply
Post ID: @1gta+1bQST6tj

The consequences are exactly what they want. Losing a lot of people is all part of the plan. Gives cover to the inevitable sale. Sad but exactly what many of us predicted.

by
| | Reply
Post ID: @1yiu+1bQST6tj

Post a reply

: