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SWN cuts 40% of workforce
Posted on 1/21/16 at 1:24 pm
Posted on 1/21/16 at 1:24 pm
6
Posted on 1/21/16 at 1:46 pm to saw36
prayers to the people and their families that get laid off. I thanks God everyday that I still have a job
Posted on 1/21/16 at 1:55 pm to b-rab2
quote:
I thanks God everyday that I still have a job
Agreed. That's a pretty sizable reduction. I pass their new HQ every day going to work. They just moved into that spot not too long ago too.
Posted on 1/21/16 at 2:01 pm to saw36
It amazes me how a company's management can believe for years their company is properly staffed only to conclude suddenly they only need 3 out of 5 employees to properly run the company and serve their customers.
How does that happen??
How does that happen??
Posted on 1/21/16 at 2:11 pm to LSURussian
It especially sucks when you are the one having to tell the person/people that they are getting laid off.
My company employed about 110 people at Thanksgiving and our current roster shows approximately 40.
It ain't a good feeling, that's for sure.
My company employed about 110 people at Thanksgiving and our current roster shows approximately 40.
It ain't a good feeling, that's for sure.
Posted on 1/21/16 at 2:21 pm to LSURussian
quote:
It amazes me how a company's management can believe for years their company is properly staffed only to conclude suddenly they only need 3 out of 5 employees to properly run the company and serve their customers.
Supposedly they are lining the company up to run 2-3 rigs instead of the 13-15 rigs previously. They are not alone here as many of these companies are overstaffed with the price declines and lower activity levels. This either indicates they are in more trouble than people realize or that they foresee natural gas prices staying very low for much longer since they are predominately a gas producer.
Posted on 1/21/16 at 3:24 pm to saw36
really good friend of mine got the axe today as part of the 40% cut. that sucks...
Posted on 1/21/16 at 5:16 pm to b-rab2
quote:
I thanks God everyday that I still have a job
Amen. I try to work hard and keep my head down. I'm very fortunate. I got laid off once, and took a job 9 weeks later for about a 40% pay cut, but I couldn't stay unemployed.
Been with this same employer now for 13 years.
Posted on 1/21/16 at 5:53 pm to LSURussian
quote:
It amazes me how a company's management can believe for years their company is properly staffed only to conclude suddenly they only need 3 out of 5 employees to properly run the company and serve their customers.
How does that happen??
If you lose a lot of accounts then the reduction in customers could directly effect the lower FTE requirement.
The reality is that organizations get fat when things are good.
Posted on 1/21/16 at 6:01 pm to lynxcat
quote:*affect
If you lose a lot of accounts then the reduction in customers could directly effect the lower FTE requirement.
Of course I understand that principle. But we're not talking here about management seeing customers dwindle so they cut a few employees here and a few more later when more customers disappear.
We're talking about 2 out of every 5 employees going away all at once. Was management not aware over the past year that customers were not there anymore?
Posted on 1/21/16 at 6:02 pm to LSURussian
I typically avoid affect/effect altogether 
Posted on 1/21/16 at 6:04 pm to LSURussian
quote:
Was management not aware over the past year that customers were not there anymore?
People don't like to make hard decisions and firing people is the hardest (or should be) decision management has to make.
If they can kick the can down the road while still meeting numbers, then I think they are likely to do it.
Posted on 1/21/16 at 6:07 pm to lynxcat
quote:I guess that's the case. It just seems brutal to have to let that many people go all at once. Not only brutal to the ones let go but also to the ones who stay. It's got to feel like corporate Armageddon just hit the company.
People don't like to make hard decisions and firing people is the hardest (or should be) decision management has to make.
Posted on 1/21/16 at 6:13 pm to LSURussian
quote:
I guess that's the case. It just seems brutal to have to let that many people go all at once. Not only brutal to the ones let go but also to the ones who stay. It's got to feel like corporate Armageddon just hit the company.
It's gotta be difficult on a practical standpoint as well.
When you fire one person, it won't be overly difficult to figure out what that person was doing, and spread it out or assign the work to someone else.
When you just hatchet out 40%, it would seem to me that a lot of stuff is going to go to shite while those left try to figure out what those people were doing.
Posted on 1/21/16 at 6:15 pm to saw36
The Oil Man's Prayer: "Lord, please let there be another oil boom. And next time I promise not to piss it away."
This post was edited on 1/21/16 at 6:55 pm
Posted on 1/21/16 at 9:56 pm to saw36
Man they just built that new baaaaad arse facility in Conway, AR too...
Posted on 1/22/16 at 12:49 am to Kill Switch
quote:
It especially sucks when you are the one having to tell the person/people that they are getting laid off.
I'd venture to say it probably sucks a little worse to be one of those laid off.
Posted on 1/22/16 at 8:10 am to Polar Pop
quote:
Man they just built that new baaaaad arse facility in Conway, AR too...
They've taken the rig count to zero in the Fayetteville. From what I am hearing these guys are in major trouble. Terrible timing to buy the 5+ billion in Marcellus assets from Chesapeake last year.
Posted on 1/22/16 at 8:46 am to saw36
I hate that for them, fortunately my company (GC) is booming. We have grown by 20% since this past summer.
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