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.
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Hi - Been through this process to many times and it is not fun. Been out of work in Calgary for 13 months as a PM now. Good luck everyone.
And note that he said no early retirement package offered. The severance package on the books will apply. Good luck.