The other departments in Concho seemed to be very happy and satisfied with their jobs. ConocoPhillips will be laying off 500 workers in Houston, the company said Tuesday. I see all these rumors but people keep saying they're BS. What about... State Street - 1, 200. Most stressful place I've ever worked at. A governor who wants to end Oil & Gas. Visit PayScale to research Concho Resources salaries, bonuses, reviews, benefits, and more! When did we get to this point? Concho Resources will cut its shale oil exploration and production spending by between $600 million and $800 million after oil prices crashed last week. Messages relating to layoffs at Concho Resources Inc. are presented below the company info. The approaching takeover of Concho Resources Inc. by ConocoPhillips will may lead to the layoff of nearly one-fourth of the workers at ConocoPhillips headquarters in Houston. Not sure what the future will hold for us but still grateful for the past, the job and benefits changed my life and were greatly needed. The Midland-based oil … … Morale is extremely low, no turning back. Top Permian Basin Shale Producer Is About To Get Smaller Concho Resources (CXO) announced Tuesday that it would sell assets in the Permian Basin and … I can guarantee once the acquisition is completed heads are going to be on the chopping block. You can filter them based on skills, years of employment, job, education, department, and prior employment. —  I just wish I get my job back. Sadly your perfect palace is crumbling along with your stock. 1,453 (2019) Website: www.concho.com: Footnotes / references: Concho Resources Inc. is an American energy company engaged in hydrocarbon exploration, incorporated & organized in Delaware and headquartered in Midland, Texas, with operations exclusively in … FILE – In this Tuesday, Sept. 25, 2018, file photo, then-Michigan Gov. 538 employees have rated Concho Resources CEO Thomas Greco on Glassdoor.com. Affected employees will be notified as early as Feb. 1 and will receive 60-days advance notice, severance pay and help finding new jobs, Conoco said in an email on Tuesday. Concho is a great place to work, however, upper management allows team leads to much freedom to do as they please with their teams employees. Concho Firings I think the overall consensus is that we all know these “layoffs” are happening. —  Responding to warnings of potentially violent demonstrations, governors across the nation are calling out National Guard troops, declaring states of … As of June 30, 2020, ConocoPhillips had operations and activities in 16 countries, $63 billion of total assets and approximately 9,700 employees. Co-workers were awesome and willing to help when in need. It's almost time, sad ending but I enjoyed the ride. January 20 , 2021. See insights on Concho Resources including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. How Concho is going about it though is a total embarrassment, if the layoffs are necessary then fine call it that and give your employees packages and help them along... — read more Concho … Years of service calculation for severance? Ironically concho never thought they would ever catch the lay-off game. Concho is the most unethical place I have ever worked. And don’t forget (because our managers and leaders won’t) WE are taking over YOU. Well the saying every dog has there day... welcome to the club COG. January 18 , 2021. December 2, 2020 The approaching takeover of Concho Resources Inc. by ConocoPhillips will apparently lead to the layoff of nearly one-fourth of the workers at ConocoPhillips headquarters in Houston. But they want us to stick around and work for them again...? https://www.reuters.com/article/us-conocophillips-layoffs-idUSKBN28C0BL Since last Wednesday, rumors have been flying that mega-independent ConocoPhillips COP is on the verge of making a deal to purchase fellow independent Concho Resources… Affected staff to be notified from Feb. 1, will get severance, Conoco says it’s cutting jobs in line with future activity. read more. Have a confidential tip for our reporters? Anyone know?? And that is a horrible experience in itself. Probably less than a year the offices will be closed and everyone will be moved to Houston or Bartlesville, Ok. Finance, IT, HR will go to Oklahoma and the rest to Houston. Things are looking horrible - Concho Resources may have layoffs soon... No Buyout! Ok hired almost 10 years ago. Just saw this on Conoco's page https://www.thelayoff.com/t/17xUF6kg Pretty sad. read more, Concho is not what is purports to be in a highly recognized BEST WORKPLACE company. The lazy employees are either protected by poor management or recognized for doing what they do NOT do. “We have been transparent with employees that targeted workforce reductions in certain areas of our business may be necessary from time to time to align organizational capacity with expected future activity levels,” Conoco said. What a failure! Be prepared to... ConocoPhillips will be laying off 500 workers in Houston, the company said Tuesday. ConocoPhillips plans to lay off about a quarter of its Houston employees after the nation’s largest independent oil producer acquires rival Concho Resources early next year. Now that's a whole lot of layoffs right there. Good luck. Co-workers were awesome and willing to help when in need. Bloomberg reports that employees will learn in February who gets the 60-day advance notice and who doesn’t. It would help a little... Getting a littled worried, heard some rumors of layoffs here in the Permian Basin. They got the same great packages, will you? In a statement, the company said though the process to determine the exact number of impacted employees … I’m hoping to be “let go” gracefully with EOI and wish this merger and combined company well. You can filter them based on skills, years of employment, job, education, department, and prior employment. The average salary for Concho Resources employees is $89,400 per year. Seems like that buildings in SE NM could be for sale soon. The accounting department is extremely stressful, but the people are all very nice. There should be investigations done... Permian Basin. Last month he pledged to only reinvest 70% of the company’s cash flow in capital spending, indicating a conservative approach to new drilling. Concho Resources List of Employees: 1992-2019 There's an exhaustive list of past and present employees! HR does not take employees serious when filing a complaint. Visiting from the ExxonMobil (XTO) board. ConocoPhillips (COP) plans to lay off 500 or more of its Houston employees after the acquisition of Concho Resources at the beginning of 2021. All 55 and older are being offered VSPs. Rick Snyder speaks with reporters during a news conference at his office in Lansing, Mich. Former Michigan Gov. The approaching takeover of Concho Resources Inc. by ConocoPhillips will apparently lead to the layoff of nearly one-fourth of the workers at ConocoPhillips headquarters in Houston. Interactive chart of Concho Resources (CXO) annual worldwide employee count from 2007 to 2020. Worried about my job and family. read more. Will you get treated the way we treated companies we bought? When the cuts are made and the Midland dust settles (jk, we all know it doesn’t ever settle)........... will the Joe Cone still be there for us? Since last Wednesday, rumors have been flying that mega-independent ConocoPhillips COP -5.7% is on the verge of making a deal to purchase fellow independent Concho Resources, holder of … If they freeze the pension what the hell does that mean for us? (1) For your career and annual ratings/rewards, it’s better to look good than be... It's concerning that COP staff seem to have such disdain for their own company, especially the SPIRIT values. Concho management greatly values their team and wanted to provide top-notch amenities for their employees’ well-being and satisfaction. ... $63 billion of total assets, and approximately 9,700 employees at June … But so far CEO Ryan Lance has given no indication of a major ramp up. ConocoPhillips Commences Exchange Offers and Concho Resources Inc. Commences Consent Solicitations. Thomas Greco has an approval rating of 63% among Concho Resources' employees. Reason I ask is they do this to determine vacation time so why would it be done on severance determination? With more than 1,000 employees across the globe, the Company's solutions are sold to more than 6,000 customers across 50 countries. read more. Number of employees. —  We also don’t have an HMO option for insurance just an expensive high deductible out of network plan. Are these rumors of buyout in January solid? Toxic team and management environment. Concho Resources total number of employees in 2019 was 1,453, a 3.33% decline from 2018.; Concho Resources total number of employees in 2018 was 1,503, a 24.94% increase from 2017.; Concho Resources total number of employees in 2017 was 1,203, a 10.88% increase from 2016. At least 500 Conoco Phillips employees could be laid off early next year. Guess what.... no body is immune in this market. Concho was planning to cut spending by 33 percent even before this whole pandemic thing hit. read more. read more, if you moved from a different company to Concho do the years of service at previous company carry forward to concho? I hate being someone who worries, but does anyone got the facts????? promises and I turned down another offer with a much better... ConocoPhillips to Acquire Concho Resources in All-Stock Transaction. Cons. Sad. Shale drillers are staring down the barrel of the worst oil bust yet. read more. —  Not good at all. General Motors Co said Monday it will layoff 1,100 workers in May at its Lansing Delta Township assembly plant in Michigan as it shifts production of a vehicle to Tennessee. —  Concho is a great place to work, however, upper management allows team leads to much freedom to do as they please with their teams employees. —  —  Nobody knows what the future holds anymore. To put it bluntly, make sure to have a contingency plan in case your head is on it. I'm afraid there will be a lot of redundancy, but the question is how deep will... —  At least 500 Conoco Phillips employees could be laid off early next year. We’ve had our 20% cost of living adjustment cut and our savings plan match eliminated. HR does not take employees serious when filing a complaint. Like the old saying goes, nothing good last... Concho Resources List of Employees: 1992-2019 There's an exhaustive list of past and present employees! ConocoPhillips plans to lay off about a quarter of its Houston employees after the nation’s largest independent oil producer acquires rival Concho Resources early next year. Conoco emerged as one of the stronger independent oil producers from this year’s pandemic-driven price crash with almost $7 billion of cash on hand at the end of the third quarter. I have friends across all industries that have been laid off and it is... —  ... $63 billion of total assets, and approximately 9,800 employees … Anyone heard any other news/rumors of buyout? Stock up one day down the next. But, that said, y’all need to be aware of the backstabbing poisonous culture at ConocoPhillips’s. Management tries to be "good" but you can tell a lot of what they do is because they have to cover themselves. Concho had $3.9 billion in long-term debt at the end of June and has not posted an annual profit since 2018. Concho’s operations are concentrated in the Permian Basin of Southeast New Mexico and West Texas. ConocoPhillips may dismiss as much as one-fourth of its Houston headquarters staff as the largest independent oil explorer cuts costs and prepares for the takeover of Concho Resources Inc. They don't want to call anything a "layoff" so they just lie, and make up whatever reason they want to fire someone. Biden pulls Keystone Line's Permits - Layoffs to begin. read more. Who knows what happens after that. But the company is not immune from the slump and has reduced production 22% over the past year, meaning fewer employees are needed. Tough for the others. Get comprehensive information on the number of employees at Concho Resources from 1992 to 2019. If you could leave Concho right now, where would you go? Most stressful place I've ever worked at. In 2018, bought RSP with 9.5B, and 2 yr later, sold out for 9.7B. Is the grass any... Any rumors on what severance package may look like? Aramark East Carolina University NC - 440 . read more. Mission Support Alliance - 30. Hopefully they’ll offer a relocation package.... As a ConocoPhillips’s employee I’ll offer you some insight into our new company. Never ever did this company prove true to what I was offered at hiring as far as what I was offered... bonus, stock, advancement vacation, etc all was B.S. The Permian Basin Is Getting Very Difficult to Investors, Use of this website constitutes acceptance of our. You're put on a "tryout" period where you are a "contractor" getting paid by another company that does jobs for Concho. Bloomberg reports that employees will learn in February who gets the 60-day advance notice and who doesn’t. Fox News - 20+ January 19 , 2021 . Just a Merger.........PXD here we come! This company has thought of every way to make life for the employees as convenient as possible, from the company daycare, to the on-site medical staff and 24 hr workout facility. Before it's here, it's on the Bloomberg Terminal. ConocoPhillips may dismiss as much as one-fourth of its Houston headquarters staff as the largest independent oil explorer cuts costs and prepares for the takeover of Concho Resources Inc. Concho Resources Inc. is an independent exploration and production company engaged in the acquisition, development and exploration of oil and natural gas properties. Concho Resources Salaries. ConocoPhillips may dismiss as much as one-fourth of its Houston headquarters staff as the largest independent oil explorer cuts costs and prepares for the takeover of Concho Resources Inc. read more, Just got word that the layoffs have begun here at the Office! With more than 1,000 employees across the globe, the Company's solutions are sold to more than 6,000 customers across 50 countries. No proper HR protocol is followed. HOUSTON--(BUSINESS WIRE)--Jan 15, 2021--ConocoPhillips (NYSE: COP) today announced that it has completed its acquisition of Concho Resources (“Concho”) (NYSE: CXO) following approval by shareholders of both companies.“We appreciate the strong support for this transaction from the shareholders of both companies, which we view as further affirmation of the significant benefits it … read more. —  Concho Resources Salaries. Why am I reading about this on other boards and not this one? As of Dec. 31, 2019, Concho had 1,453 employees. This could be significant if severed. The acquisition of Concho will make Conoco a major player in the Permian Basin, the world’s biggest shale field, and gives the company the option of growing production in the future. The biggest question in all of this unknown. The media mostly writes about the consequences that a possible acquisition would have for ConocoPhillips, but there is no mention of what that acquisition would bring us. Unethical hiring and promotion practices, unsafe work environment for field employees, encouragement of unhealthy competition with in teams. read more, I have been reading between CXO and COPs pages in here. “However, we anticipate the number of reductions in Houston could meet the threshold of 500 or more.”. This is bad. The company agreed to buy Concho in October and the $11.4 billion deal is expected to close next year. Everyone will get laid off, take the package and run. They only looked out for themselves. —  Glad to be at Concho right now. Concho Resources has 1,453 employees across 6 locations and $4.59 B in annual revenue in FY 2019. The … read more, Long-time ConocoPhillips’s employee here. +0.61 +1.15% ConocoPhillips may dismiss as much as one-fourth of its Houston headquarters staff as the largest independent oil explorer cuts … —  Updates with company comment in 5th paragraph. Micromanagement from highest levels, insecure managers, no strategic planning. Get comprehensive information on the number of employees at Concho Resources from 1992 to 2019. USD/bbl. GameStop’s Volatile Rally Smashes Wall Street Price Targets, Merck Shuts Down Covid Vaccine Program After Lackluster Data, GameStop Short-Sellers Reload Bets After $6 Billion Loss, NYC Asks Biden Team for More Doses; Irish Lockdown: Virus Update, It Seems Money Does Buy Happiness After All. This puts Thomas Greco in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. Concho management did not look out for you. “The process to determine the exact number of impacted employees is ongoing,” the company said. They are doing everything to maintain their image rather than... Or just that simply rumors. What’s the word friends? ConocoPhillips (COP) plans to lay off 500 or more of its Houston employees after the acquisition of Concho Resources at the beginning of 2021. Any Idea what Severance packages look like? 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