Topics regarding layoffs at Devon Energy Corp.

Topics regarding layoffs at Devon Energy Corp.

What else is being hit?

Is it just my imagination or is this wave of layoffs smaller than we expected? We know HR and Recruiting are being hit, but I haven't heard anything else in the office or read anything else here. Are any other departments and locations being hit... — read more 

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| 2981 views | | 6 replies (last February 28, 2019)
Post ID: @OP+XPNlWnI

No future here for anybody

It is so obvious there is no future for anybody at Devon. Nobody is safe. The only way those on top know how to solve a problem is with more layoffs. Never mind that that didn't help at all any of the previous times, the strategy stays the same. Cut... — read more 

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| 2315 views | | 2 replies (last February 26, 2019)
Post ID: @OP+XNXMsQE

method to the madness?

How does management actually come up with their list of who they are laying off? Do mid-level managers have a say? Age? Salary? Performance? All the above? Asking for a friend.

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| 3290 views | | 8 replies (last March 4, 2019)
Post ID: @OP+XKbtcGE

Opinion: Ops test for rentention

IMHO, DVN should have an Ops test given to each employee covering basic oilfield operations and fundamentals. Anyone scoring below 75% should be released from duty. That should get us down to the desired headcount in OKC. No doubt DVN has some... — read more 

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| 2790 views | | 6 replies (last March 4, 2019)
Post ID: @OP+XKpvyqY

Canada

DEVON ENERGY TO SELL CANADIAN OILFIELD ASSETS. How is Canada doing? What's it like up there?

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| 2250 views | | 6 replies (last March 12, 2019)
Post ID: @OP+XKC4V1h

How many people were hit by layoffs in February so far?

Does anybody have info or can you at least guess how many folks were cut in February so far? Also, I would like to get some opinions regarding what could be the final number of cut people when February ends? I know it's hard to determine, but any... — read more 

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| 3180 views | | 4 replies (last February 23, 2019)
Post ID: @OP+XJeYH9V

What is the March purge?

Help a Devon newcomer out, please. What happened for the last several years in March?

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| 2040 views | | 2 replies (last February 21, 2019)
Post ID: @OP+XJ62aWe

Those were the days, my friend

Remember when Devon had guts, and the stock price was $120? It was not so long ago, either. Clearly the rank and file are responsible for this plunge (sarcasm alert).

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| 1044 views | | no replies yet
Post ID: @OP+XJCCgay

T Boone Says it Better

“If you aren’t replacing your assets, you’re liquidating.” So, this “new” plan revealed yesterday is supposed to increase shareholder value. Shedding Canadian assets may make sense, but taking the Barnett cash cow to market and leaving it there if no... — read more 

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| 1925 views | | no replies yet
Post ID: @OP+XILJkrY

Is anybody actually surprised by this?

Wait so there’s gonna be a February layoff? Shocking... haven’t we been doing rounds since 2016? The new executives/VPs come in from different companies, and are hopefully told some direction from the higher ups on budgeting etc. if not then they’re... — read more 

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| 3150 views | | 3 replies (last February 20, 2019)
Post ID: @OP+XGj9ur4

Things that make you go hmmm...

CEO put in position who has been through large sale in past (Kerr-McGee) CEO brought out of retirement (age 61 now and will one day retire again with nice nest egg) Has worked to whittle down senior mgmt to only four Anybody who doesn't tow the line... — read more 

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| 2740 views | | 3 replies (last February 18, 2019)
Post ID: @OP+XFU7zGl

Layoffs 2/28

End of feb layoffs across the board Topheavy strategy not working

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| 2490 views | | 2 replies (last February 16, 2019)
Post ID: @OP+XETf8kq

How’s that working out for you?

We spent $50,000 to try to prevent SQ788 and now it has been almost 12 months since people have a license and could acquire stuff. Where are all the incidents, people stumbling around, people sleeping at their desks and in the stairwell. They must... — read more 

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| 2380 views | | 8 replies (last February 22, 2019)
Post ID: @OP+XCugarL

Bye BW and MS

No one will miss you except Microsoft. You single handedly wasted enough time and money to successfully acquire a successful company.

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| 3991 views | | 14 replies (last February 18, 2019)
Post ID: @OP+XCxrsAK

Elliot management?

They will get the company sold or at least get rid of the ceo and his crew and lots of others.

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| 1220 views | | no replies yet
Post ID: @OP+Xsq1e8j

Blood is in the air!

February will be short more than just days by golly. Good luck to the newly unemployed!

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| 2241 views | | 5 replies (last February 8, 2019)
Post ID: @OP+Xs4HD1j

Bonuses or Raises

Two - Three weeks away from performance review results. Anyone hearing any news through the departments? Usually there are rumbles around this time.

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| 2690 views | | 7 replies (last January 21, 2019)
Post ID: @OP+X9V7bbe

2019 almost $20.20

Looking back on 2018. The rise and fall of WTI and stock. The layoff, mass exodus of the best and brightest, random Sandusky speeches, and prompt exits of SVP’s seem to be the new norm. The short sided $20.20 vision was almost a success a year and a... — read more 

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| 2440 views | | 4 replies (last January 3, 2019)
Post ID: @OP+WT0ZNpn

Not knowing, Bad

It's not what is going to happen that is so bad, "It's not knowing what's going to happen". As an open plea to HR, legal and management, please move swiftly and fairly! Don't feel by lying and stringing us along you are making things better. Finally... — read more 

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| 2400 views | | 3 replies (last December 31, 2018)
Post ID: @OP+WKiB34F

Vision $20.20: We're almost there!

We're close to achieving our Vision $20.20 two years early! So continue taking those 90-minute Well breaks, Don't forget to arrive at 9ish and leave at 4ish, and above all, make sure you take EVERY Friday off-or if you must make a token showing on... — read more 

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| 1930 views | | 3 replies (last January 1, 2019)
Post ID: @OP+WKHB02S

Devon MF’in Energy

Guys & Gals lets make this short and sweet. We are entitled, Arrogant, id--ts on the same sinking ship. Our “contractors” deserve a lot more credit without them we would literally all be drowning. Sandusky needs to go down faster than our stock is... — read more 

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| 2490 views | | 7 replies (last January 10, 2019)
Post ID: @OP+WJ4CKfQ

What's the name of that Petty song again?

Didn't Tom Petty write a song once about Devon's performance? Freefallin'? Vision $20.20 is certainly within our grasp now. Good thing the palatial windows on 46 are sealed shut, unless, of course, this is part of some grand super-secret master plan... — read more 

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| 1500 views | | 4 replies (last December 21, 2018)
Post ID: @OP+WIazTHL

More layoffs at Devon in early 2019

Yes there are credible resources that early 2019 there is another round of layoffs. That is the sole intent for the optimization and automation robots. Natural attrition, forced attrition, and non replacement of employees as they leave. Even HR... — read more 

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| 5260 views | | 7 replies (last March 16, 2019)
Post ID: @OP+WId9F65

Future bloodbath schedule?

I have a house for sale in Yukon and my realtor is hinting I should drop the price before the spring blood letting begins. Are there really hints that Devon is going to downsize again?

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| 2480 views | | 5 replies (last December 19, 2018)
Post ID: @OP+WGRwD0U

2018 bonus?

Does anyone know what the 2018 bonuses will look like?

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| 3010 views | | 13 replies (last December 18, 2018)
Post ID: @OP+WBvYsw1

Haircut boy

Slick back haircut boy is gone, who is next? He was a good speaker but like most 40-somethings In management, didn’t know much.

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| 3241 views | | 11 replies (last December 13, 2018)
Post ID: @OP+Wvvzhu2

KL

One of the very few good ones at that level. The die is cast. WH is the CEO in waiting. Sandusky need only complete his final round of layoffs, and he’ll get his golden parachute. This is not a good place to work. And it’s going to get worse.

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| 2950 views | | 10 replies (last December 11, 2018)
Post ID: @OP+Wv0oBZM

It's all about dividend

The only people being tricked are the shareholders. I'd say Devon is a multiple trick pony. Pathetic that with the kind of buybacks being performed along with the production increases being seen that the stock continues to dwell at the bottom of the... — read more 

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| 1930 views | | 3 replies (last November 29, 2018)
Post ID: @OP+We5T1u3

Time for a Merger or Acquisition?

We have been trying this vision 2020 thing for some time now and don't have much to show. Unfortunately it seems that wall street misinterpreted it to be a vision for a $20.20 share price and so with that in mind we are rapidly reaching our goal... — read more 

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| 3230 views | | 5 replies (last November 19, 2018)
Post ID: @OP+VYiyODH

Smell the coffee

I don’t get why people don’t read between the lines... Devon is slashing assets to sell the company, that’s the 2020 vision. Executives and managers are being retained to get a nice golden parachute when it’s all said and done. The best way out of... — read more 

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| 2870 views | | 13 replies (last November 6, 2018)
Post ID: @OP+VWt0pQh

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