Has your company / office laid people off?

[dubhead]

No, no we just hired 10 people in my position to start the year and CEO says secured projects out to 2018 are a go.

Edit:/ I work in Midstream operations

[ddduke]

Originally posted by CompletelyNumb
Yes and Yes.

I'm still working but I'm now single man working 24 hours. Took a pay cut. And charging 23% less travel time to accommodate a lower project bid.

The noose is tightening.

Took 10% across the board. Have 4 more wells lined up after this then shouldn't see fuck all for a while.

Thankfully I'm in the midst of closing a deal on a turn key business so my savings shouldn't disappear too quickly.

[riander5]

People could at least put sector and roughly your niche in to give people an idea of whats going on across the board. You hired tons of people and secured contracts into 2018... sweet... do you work at a car dealership? The saddledome?

Laid off 20% - o&g producer

[nickyh]

yes & yes, in O&G.

I think some "layoffs" were more about having an excuse to let people go, but i know my VP was asked if there was any thinning to do in my dept, so I expect others to have been asked the same.

[phreezee]

Even more specifically, midstream O&G hasn't been affected much at all compared to upstream and services.

[killramos]

No and No - Junior E&P

I actually got a raise this year but was told not to expect much in the way of a bonus

[Feruk]

Originally posted by riander5
Laid off 20% - o&g producer

Lightstream?

[riander5]

Originally posted by Feruk

Lightstream?

Haha I cant divulge my true employer.... but not lightstream. Without knowing whats happening there, id imagine they got hit harder than that

[Feruk]

Fair enough; I wouldn't either. Apparently Lightstream only did 20%. The only other one I heard that did 20% was Harvest.

[Moonracer]

No and No
Legal industry related

[rx7boi]

No and no.

AHS Mental Health

[zaider]

Yes and Yes. Large O&G Producer. Had layoffs of a few engineers (bottom few in terms of performance) late last year and its been announced that there are more coming. Have to apply for our own jobs, etc etc and, if you're not successful, last day of work will be March 31. Cutting 5-10% (depending on which numbers you look at) but given that their total includes operators, who wont get laid off, the hard-hit areas will be support (HSSE, HR, Finance) and then some engineering as well.

[l/l/rX]

Yes, I had a team of 6, been laying them off over the past month, down to 1 now. Everyone else around has been getting let go as well, mostly just contractors.

Jacobs is to expect some layoffs here pretty quick as well, since a project of theirs got taken off the table.

[KO22]

Large O&G here, no and no, full hiring freeze, no one getting hired on to positions where people move on etc either.

[Speed_69]

Originally posted by zaider
Yes and Yes. Large O&G Producer. Had layoffs of a few engineers (bottom few in terms of performance) late last year and its been announced that there are more coming. Have to apply for our own jobs, etc etc and, if you're not successful, last day of work will be March 31. Cutting 5-10% (depending on which numbers you look at) but given that their total includes operators, who wont get laid off, the hard-hit areas will be support (HSSE, HR, Finance) and then some engineering as well.

Sounds like this is Cenovus.

[zaider]

Originally posted by Speed_69

Sounds like this is Cenovus.

Nope. Shell, specifically the two operating Oil Sands mines. I figure I can say it because its been announced in the news already.

http://www.reuters.com/article/2015/...0KI1VR20150109


I think I am safe for now, but obviously you never know for sure.

[Dave P]

No and Hiring. Not O&G

[lasimmon]

Originally posted by KO22
Large O&G here, no and no, full hiring freeze, no one getting hired on to positions where people move on etc either.

Sounds like CNRL

[riander5]

Originally posted by lasimmon


Sounds like CNRL

Sounds like baytex, lets all speculate

[riander5]

Originally posted by zaider


Nope. Shell, specifically the two operating Oil Sands mines. I figure I can say it because its been announced in the news already.

http://www.reuters.com/article/2015/...0KI1VR20150109


I think I am safe for now, but obviously you never know for sure.

Man those supermajors sound cut throat if you aren't a top performer. Everyone has heard of Exxons rumored bottom 10% cut every year (is this real?!?!)

Is the pay / bonus / lifestyle worth what seems to be extremely intensive performance speculation always on the employees?? I guess having a pension from o&g is a pretty sweet deal....