when
6 replies (most recent on top)
They are NOT coming to an end. This next round in two months will make 2015 and 2016 look like nothing. After this, the remaining employees will have plenty of work, because only necessary-to-survive work will be done. Yes leadership will be affected this time.
Who are you to think, ms 2hee
Do think "layoffs" May be coming to an end. Workforce reductions will be done by means of asset sales with the buyer saddled with the excessive employee burden. Admittedly, this burden will be reflected in the realized sale price. However, COP will not have to payout the severance premiums as in past layoffs.
Meetings with Consultants ongoing; recommendations next month; reductions in August/September. Great Leadership keeping us informed.
If oil prices keep falling, layoffs will occur sooner than most think. This company has to do some serious restructuring and, unfortunately, serious downsizing in workforce. Previous layoffs (April 2015, October 2015, September 2016, Canadian &San Juan 2017 asset sales) have been primarily cosmetic....continue doing business as usual with fewer employees. It is the "doing business as usual" that needs to change. Any workforce reductions are a consequence of those changes. As usual we have it backwards again.
Tomorrow...
last year, the year before that,
Definitely later this year, probably next year too...
You are probably asking for one of three reasons:
1) you are worried it will be you
2) you are hoping a co-worker or boss gets gone
3) you are looking for a package
So.... if (1), then you are probably right. (2) good luck... (3) don't wait - tell your boss now you would take one. There probably won't be a formal EOI process, but you might still be able to package-out if you play your cards right. Don't be shy.