Lets call this the 2017 Q1/Q2 thread. I can see it taking a slightly darker/sadder turn in Q2 but better than years prior.
So, whats going on with you guys?
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Lets call this the 2017 Q1/Q2 thread. I can see it taking a slightly darker/sadder turn in Q2 but better than years prior.
So, whats going on with you guys?
Major E&P, 3 rounds of layoffs. Still here. Lots of internal cost cutting over the last 2 years. We are still divesting assets so there may be future layoffs related to that but feel fairy safe..
Had a job at a producer, survived the layoffs, got headhunted and went to a small private company. Things have been ok for me! Knock on wood...
well, my 63 weeks of EI eligibility ended, I haven't found work. I'm still technically running my own business, but that business doesn't make any money. As always, I feel like I'm close to closing a few deals, which would put the business at least in a neutral situation, but we shall see.
Overall, from the people I have spoken to, it does seem like a small number of people are getting hired, and the attitude in the industry has improved, but I don't think we're going to see everyone back to work in 2017, at least not in O&G jobs. Companies are very reluctant to add to headcount that they spent two years reducing.
Overall, I'm really lucky that my financial situation is pretty stable and mostly sustainable. I know so many people who are in worse shape.
Layoffs are done, at least for my particular group and we are in the middle of hiring 3 new people. Our VPs all look to us to get shit done, and everyone just bypasses process and goes straight to my team, so, our group as a whole isn't going anywhere either.
They also just built us a new office space to the tune of $250,000 with all new equipment. Now that our dead weight is gone, we are expected to take on bigger and more responsibility.
70+ got let go in the last 2 months. More to come if things don't pick up.
Still "survived" at same company.
Everyone who could find anywhere else to go has left.
Good times.
Offered a new job yesterday, so quit my job.
Wanted less office time and more hands on time.
.
Survived, no further layoffs that I know of. Producer.
On a side note, any investment firms want to hire me? Someone who's an extremely quick learner, self-starter? P.Eng, disciplined, committed to learning, great personal trading record due to constantly learning and evolving. PM me for opportunities, just want to get my foot in. Junior trader, doesn't matter. :D
Survived with the same company - midstreamer.
Projects are busy right now with a bit of a lul toward the end of 2017, but more development work on the horizon for later this year. Looking like things will be full-tilt in 2018 and 2019.
I picked up a double-meat salad at subway a few weeks ago... seems like the good times have returned.
I survived. We let go 2-3 people every other month for a bit over a year (about 1/3rd of our office) but we've brought in half a dozen in the past couple months to ramp up for a project. Will be busy through to the latter part of the summer at the very least.
Holy baller!Quote:
Originally posted by XylathaneGTR
I picked up a double-meat salad at subway a few weeks ago... seems like the good times have returned.
Still surviving. 2017 will be interesting.
I feel 2018 to be the defining year of how O&G will play out over the next "boom" cycle. I doubt wages will get any higher in the next decade (maxed out in the '12-'14 years) but bonuses will all be back in full.
So, if in 5 years we're all back to 2013 cash and full bonuses that's a huge victory in my eyes.
Same company, way more responsibility. Midsize producer. We're ramping up like crazy and I expect good bonuses and maybe even raises this year.
Same company, our office is going nuts with work. Our office is an exception. Company let go 1/3 of the workforce in other offices in our division, and is in the process of gutting the bloated non-chargeable support staff. I feel secure in my job, but trapped.
We work as a consultant for midstream opex
Going the other direction now, in my department (finance) I think we've had 5 people quit in the past month or two and 2 more that were convinced to stay, and at least one more who's in late stages of interviewing (that I know of). All key people too.
Sad to see them leave but I got a promotion for it, so not that sad...
Survived all my layoffs. Got offered a better opportunity, quit my current job. Makes me wish they would have let us volunteer so I could've got a nice package.
Survived. I got a 8% raise the end of last year; they asked me to take on more responsibilities yet my title remains unchanged. I am a EIT
Laid off last February. Brought back as a consultant in August.