They are trying to downplay it by calling it workforce reduction...playing the "oh we just spit the company so need to get smaller" card! No packages necessary then...
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2/20/15 "Ryan Lance told employees this morning during his annual VCIP town hall that reduction of ConocoPhillips' direct workforce by 10% will begin soon and will be finished by April. He said that there would be no early retirement packages offered and that he "trusts his managers to know who the good performers are". He said that the cuts would be fair and transparent and that the severance package that is on the books would apply." However, I was let go along with many others "my age" with 20-35 years of service. My performance rating was a strong 3. I asked them what selectrion criteria was used to choose me, since I did not meet the perormance criteria. They said they wouldn't or couldn 't tell me!! They did say that selection based on performance was a rumor. A RUMOR?????
Ryan Lance said that layoffs will be done by the end of April 2015
Ryan Lance told employees this morning during his annual VCIP town hall that reduction of ConocoPhillips' direct workforce by 10% will begin soon and will be finished by April. He said that there would be no early retirement packages offered and that he "trusts his managers to know who the good performers are". He said that the cuts would be fair and transparent and that the severance package that is on the books would apply.
— Layoffs by End of April 2015
Do we know how many people will be laid off and where?