Topics regarding layoffs at Devon Energy Corp.

Topics regarding layoffs at Devon Energy Corp.

Is it next week?

What's the latest on possible notification days? Is it happening next week? I know some people were saying that we will not know before two weeks from now, but I think it was mostly guessing based on how layoffs took place previously. Whose to say... — read more 

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| 2451 views | | 4 replies (last April 21, 2018)
Post ID: @OP+SMCRlPJ

Little town lay off

There laying off 300 people in a little town called Artesia. This town is little. Why can’t they cut pay all across the company and save jobs?

May

Getting harder and harder to get up and come to work and be productive. We were told 04/03/18 that it would be quickly. More likely before May 2nd earnings call. Then a week later on 04/10/2018, the video that said month to month and a half. Good... — read more 

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| 1515 views | | no replies yet
Post ID: @OP+SLuWAzm

This goes out to you, you and you

Leadership would like to inform you that this site, although anonymous in your posts, relays all metadata back to subscribers and Devon may or may not subscribe. Devon devices used in the transmission of data is always subject to monitoring... — read more 

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| 2623 views | | 4 replies (last April 21, 2018)
Post ID: @OP+SLzr0hz

Tick tock

So it begins...support staff and contract have started going missing. But don’t take my word for it...

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| 2750 views | | 5 replies (last April 19, 2018)
Post ID: @OP+SLtKUao

"The Devon Leadership Attributes

....which were developed and implemented in 2007, contain nine distinct behaviors that Devon leaders must demonstrate on a regular basis if they are to be successful. 1) INTEGRITY 2) Inspires a shared mission 3) Improves the business 4) Understands... — read more 

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| 1921 views | | 1 reply (April 19, 2018)
Post ID: @OP+SL4bxO8

Attention Devon Leadership

The reluctance to give employees any sort of timeline or additional information is seriously weakening employee perception of management as an effectual body with an actual plan. It is impossible to give any sort of real effort at work with this... — read more 

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| 2060 views | | 4 replies (last April 19, 2018)
Post ID: @OP+SLzUidO

So ready for this to be over

I said it before, I'll say it again: I'm so f*g ready for this to be over. What in the world is the point of announcing layoffs and then dragging it on for so long without notifying affected folks? Are they intentionally trying to kill all morale at... — read more 

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| 2650 views | | 6 replies (last April 19, 2018)
Post ID: @OP+SKBaZy4

Employees rights vary by state

Been reading an advice column this morning about somebody's father being laid off, and one of the advice was to research employee rights in the specific state he is in, because some states offer significantly more options and protections for the laid... — read more 

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| 1340 views | | 1 reply (April 17, 2018)
Post ID: @OP+SJ1z1rJ

Tuesday jitters

I know nothing is happening today but I am still nervous as hell and have trouble sleeping. Most layoffs take place on Tuesday and until this whole thing is over I'm pretty sure I will be a nervous wreck every single one of them. Hopefully I only... — read more 

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| 2640 views | | 6 replies (last April 17, 2018)
Post ID: @OP+SJ8OblB

Dear Devon,

Welcome to the club. It’s only just begun. Sincerely, ~Chesepeake circa 2013

Now I’m doing 200 on the Freeway bumping 2Pac

Listen up! I’m coming at you live and direct and maybe, just maybe I make this thread go away like the last three. I’m streaking like the downward nose dive of Devon Stock. The problem is, you can’t talk about catatonic execs, nepotism, c-walking in... — read more 

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| 1713 views | | 3 replies (last April 17, 2018)
Post ID: @OP+SIQw8sl

Nothing before next week

Looks like we can relax a bit (or worry even more, depending of your approach to the situation.) From everything I've been hearing in the office (and it seems to also be a consensus here on the board,) nothing is happening before next week. So unless... — read more 

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| 2122 views | | 3 replies (last April 17, 2018)
Post ID: @OP+SIqcDD3

Can severance be negotiated?

I was reading an article today, and it said that while chances of renegotiating a severance are always slim, exceptions can happen in some cases where unique circumstances are present. It got me wondering, what could constitute unique circumstances... — read more 

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| 1930 views | | 5 replies (last April 17, 2018)
Post ID: @OP+SIbgUbl

Who is ready to walk out?

I'm this close to just getting out and walking out on my own. The only thing keeping me here? Possibly missing out on a severance. Now tell me, how sad is that? That the only thing keeping me at this company is potential of getting laid off. Talk... — read more 

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| 2110 views | | 4 replies (last April 16, 2018)
Post ID: @OP+SIRlKZs

Is tomorrow the day?

Right now the atmosphere at the office is ridiculous. You can cut the tension in the air with a knife. Hopefully, tomorrow we'll know what's going on, because this right now is unsustainable. Does somebody here know if tomorrow is the day or no? It's... — read more 

Force the change

First, my thoughts and prayers go out to all the families affected by this! I was let go during the 2016 debacle, and I hate it that some of my friends and many other good people have been going to a job everyday that they can't trust because Devon... — read more 

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| 2131 views | | 3 replies (last April 16, 2018)
Post ID: @OP+SHSl4W1

The list

So they rank eveyone based on their cost to the company including medical expenses. Then they will cut 9% from the top. A few critical people at the top will be exempt. Other than those everyone is at risk. It is all about playing the numbers game... — read more 

Two more weeks

2016, they sent out email week before, so assuming they will do the same, next week we will receive email that it will happen the following Wednesday and Thursday. Yup, pretty much what @SGyPO0U-1psq said. The earliest we will know is the week after... — read more 

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| 1840 views | | 3 replies (last April 16, 2018)
Post ID: @OP+SHNwDfH

McNellie's Pub After Layoffs?

Who's in? Let's drown our sorrows and toast our miseries away. Freedom from the bondage of the ivory tower.

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| 1470 views | | 4 replies (last April 15, 2018)
Post ID: @OP+SGHJSvh

Volunteering is an option

My group was told by our manager that volunteering is certainly an option. Several accounting groups have heard the same thing. Can somebody please confirm if this is the truth? We haven't heard anything from our manager about this option, and I... — read more 

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| 1720 views | | 4 replies (last April 22, 2018)
Post ID: @OP+SG9Q7pF

Devon Energy Centre

Why is the only asset in the Devon portfolio that is incapable of producing oil, not even being discussed when talking about divestment? I assume it’s because no property management company is interested in purchasing office space in OKC. I’m not... — read more 

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| 1520 views | | 3 replies (last April 19, 2018)
Post ID: @OP+SG0cmJy

April 17

Is Tuesday the D-day on layoffs? I think there were several dates circling around, but April 17 was what the consensus settled on? In all honesty, I can't wait. I'll be happy if I'm on the list. I wish there was an option to volunteer, as somebody... — read more 

Hager made $8.77M in 2016, How about you?

This guy made more in one year than most of you will make in a lifetime. Hager talks about wins, let’s do this Davey. Sinopec JV, that’s a loss. Sumitomo JV, that’s a loss. Hey, let’s invest in Michigan, San Angelo, Louisiana....damnit, there’s... — read more 

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| 2160 views | | 8 replies (last April 20, 2018)
Post ID: @OP+SGrMxOY

Why even have layoffs?

Why do we even need layoffs when people are leaving the company left and right on their own? I think I hear about somebody else who leaves on their own every single day. What's the point of hiring new people just to lay off somebody else doing the... — read more 

100 VP’s.

WTF is the point of ~100 VP’s??? Devon’s board needs to do their job and get rid of our horrible upper management. 100 VP’s!? WTF do these people even do? There are VP’s with 1 report. Just as there are supervisors with 0 reports. Talk about... — read more 

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| 2042 views | | 4 replies (last April 13, 2018)
Post ID: @OP+SFfaT9T

PMO Strong

For all of you who don’t appreciate the PMO and thing you know what’s going on and know what’s right. You dragged Devon into nearly 300 projects many the PMO never knew of. Every successful corporation, apparently Devon’s desire to accept PMO will... — read more 

Will age play a role again?

Just wondering if we will once again see an overwhelming number of people in their late forties and early fifties dominate the layoffs list? It has been the case so far, some of the best people were shown the door in every layoff so far, so I don't... — read more 

Ask "Why" 5 Times D!psh!t Dave!

Root cause analysis 101 ask why 5 times to get to the root of the problem... Example Your stock fell $15 in 2 days!! Why Dave? because we missed production targets mostly in Non Op properties and Canada. Why Dave? because wells sometimes go off... — read more 

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| 1705 views | | no replies yet
Post ID: @OP+SEqU3fF

$8.24B Valuation Disappearing Act

It’s easy to cut staff to help “boost returns” and it seems easier to watch $8.24B of market cap erase as it has under Hager and Vaughn’s control. I wouldn’t even call it Leadership. At a fully burdened FTE rate of $200K, that’s enough to employ... — read more 

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| 2110 views | | 3 replies (last April 23, 2018)
Post ID: @OP+SELsiSa

Continental Resources

Once again, Continental takes the high road, with no layoffs. Their CEO doesn't use employees for scapegoats. If an exploration company can't make money and execute with $60 oil, and attract investors, something is wrong.

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| 1890 views | | 2 replies (last April 13, 2018)
Post ID: @OP+SEUux37

Profitability

Layoffs generally are expected while an industry is contracting, but the recent cuts have occurred after oil prices surged more than 50 percent over the last half of 2017 and as most energy producers have swung to profitability.

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| 2010 views | | 3 replies (last April 12, 2018)
Post ID: @OP+SDURspJ

Is the number really 300?

Anybody here scared that the final number will be higher than 300? It wouldn't be the first time that the official number and what actually happens do not match. I think they usually report lower numbers to soften the blow, not cause too much panic... — read more 

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| 2200 views | | 5 replies (last April 17, 2018)
Post ID: @OP+SDExYif

My Layoff Experience

I checked this site after I heard the recent news and thought I would post some first hand info on the Devon layoff experience for those who are curious/worried. I was laid off in the 2016 purge. I was in a support role in the company getting good... — read more 

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| 3020 views | | 7 replies (last April 14, 2018)
Post ID: @OP+SDORiUM

Laying off veterans

So let me guess, this time we'll see even more veterans laid off? For a company that touts being veteran friendly, Devon certainly has no issues showing us the door when it wants to save a few bucks and employ cheaper employees with no experience to... — read more 

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| 1690 views | | 3 replies (last April 12, 2018)
Post ID: @OP+SD2QNjE

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