Kudos to leadership for open communication. That gave people thinking of leaving within the next year or two anyway the time to make preparations to volunteer for severance, which doubtless saved some jobs of ones who will stay longer term.
Commodities swing, and layoffs become necessary. But what percent of people in history leave a job with 3 weeks' pay per year of service? It'd be fair if we were merely paid a day for working a day, but to also be paid a severance to leave? Huge blessing. COP treats employees well while on the job, and has even treated us very well when a layoff became necessary.
The circumstances will be hard for some, and that is very sad and regrettable. But for many, it's a door to other opportunities.
Thanks COP!