With overall better financials being reported and bottom-line performance, it feels like company culture is going in the complete opposite direction in a decline. Is this sentiment felt across multiple disciplines?
14 replies (most recent on top)
@380 they don’t lay off on Fridays. Are you just promoting stupid job site
@2v3 Hey now, I am all for calling out issues with leadership, but the vast majority of employees are not "ki-ling the company." I joined this company because there was potential for massive payouts with company success - now that APA has been the best performing E&P in the SP500 YTD, I intend to collect.
The leadership is terrible and the employees entitlement to undeserved mega bonuses is ki-ling the company. The organization is failing and it needs leaders that will make the tough decisions needed to make it profitable again.
Replace the board and ELT. Easy
The ‘can do’ culture was replaced with ‘who got laid off today’.
@1fs They'll always have more to layoff.
They laid off all the culture
@pw 9 to 5 sh*thole. No more college intern to give back to the next generation like comparable companies. No parties, get togethers, activities, volunteering doing things. No training or seminars to upgrade skills. No trade conferences. Heartless, soulless entity I guess waiting til it gets acquired JC and others get their big payday by making it lean mean corp (despite its limping along).
It walked out the door. Current leadership doesn’t support culture.
Down the drains!
No trust in the leadership
Not accountability, news are going around another millions being saved off by reducing pay packages in the name of standardization in Jan!
Mass exodus will be the only outcome!
Apache will come to a halt!
@cd when you list the abissmal failures of them particularly JC whos been in position since 2015 its pathic he/they are still employed. Alpine High was enough to toss him out. A $3,000,000,000.00 write off!!!
Going all in on Alpine destroyed the company. And the innocent are being blamed for JC’s and SR’s egos. No respect for senior management
@OP my gut feeling is they are making the company as attractive as possible as an acquisition target and hoping someone comes along. If I am correct jc is largest single person shareholder with $30,000,000 worth of shares. Sales are stagnant. Puff up earnings and share price follows. That’s all seems he can do. Layoffs, cut, cut cut - begs to ask. If he ceo since 2015, and all the “extra baggage deadwood” staff is getting paid why he wait til 2025 yo reduce staff. Tens years and billions wasted yet he’s rewarded then and now.
Not a leader. Not a transformational guy. Just a dude as ceo.
@OP SR thinking he is a COO now and MM thinking he is JR Ewing is what happened