—  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. And that is a horrible experience in itself. Concho Resources has 1,453 employees across 6 locations and $4.59 B in annual revenue in FY 2019. 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. ... $63 billion of total assets, and approximately 9,800 employees … Affected staff to be notified from Feb. 1, will get severance, Conoco says it’s cutting jobs in line with future activity. —  HR does not take employees serious when filing a complaint. read more, I have been reading between CXO and COPs pages in here. USD/bbl. “The process to determine the exact number of impacted employees is ongoing,” the company said. Most stressful place I've ever worked at. ConocoPhillips (COP) plans to lay off 500 or more of its Houston employees after the acquisition of Concho Resources at the beginning of 2021. I just wish I get my job back. Ironically concho never thought they would ever catch the lay-off game. Fox News - 20+ January 19 , 2021 . 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 … Concho management did not look out for you. I hate being someone who worries, but does anyone got the facts????? Do I get credit for previous years of service if I worked for ConocoPhillips prior to coming to Concho. As of Dec. 31, 2019, Concho had 1,453 employees. What about... Biden pulls Keystone Line's Permits - Layoffs to begin. 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 … 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. FILE – In this Tuesday, Sept. 25, 2018, file photo, then-Michigan Gov. Co-workers were awesome and willing to help when in need. +0.61 +1.15% ConocoPhillips may dismiss as much as one-fourth of its Houston headquarters staff as the largest independent oil explorer cuts … The … read more. —  Not good at all. Unethical hiring and promotion practices, unsafe work environment for field employees, encouragement of unhealthy competition with in teams. Micromanagement from highest levels, insecure managers, no strategic planning. A governor who wants to end Oil & Gas. —  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. read more. read more. 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. Messages relating to layoffs at Concho Resources Inc. are presented below the company info. There should be investigations done... No proper HR protocol is followed. But so far CEO Ryan Lance has given no indication of a major ramp up. 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. Hopefully they’ll offer a relocation package.... As a ConocoPhillips’s employee I’ll offer you some insight into our new company. Sad. State Street - 1, 200. Well the saying every dog has there day... welcome to the club COG. Anyone know?? Visiting from the ExxonMobil (XTO) board. Concho Resources List of Employees: 1992-2019 There's an exhaustive list of past and present employees! They are doing everything to maintain their image rather than... Concho Resources Salaries. read more. Reason I ask is they do this to determine vacation time so why would it be done on severance determination? read more. read more. I’m hoping to be “let go” gracefully with EOI and wish this merger and combined company well. Everyone will get laid off, take the package and run. The lazy employees are either protected by poor management or recognized for doing what they do NOT do. If they freeze the pension what the hell does that mean for us? Getting a littled worried, heard some rumors of layoffs here in the Permian Basin. 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. To put it bluntly, make sure to have a contingency plan in case your head is on it. It would help a little... Seems like a good place to lose jobs and money. At least 500 Conoco Phillips employees could be laid off early next year. promises and I turned down another offer with a much better... In a statement, the company said though the process to determine the exact number of impacted employees … ConocoPhillips Commences Exchange Offers and Concho Resources Inc. Commences Consent Solicitations. Mission Support Alliance - 30. Sadly your perfect palace is crumbling along with your stock. Worried about my job and family. With more than 1,000 employees across the globe, the Company's solutions are sold to more than 6,000 customers across 50 countries. Concho’s operations are concentrated in the Permian Basin of Southeast New Mexico and West Texas. With more than 1,000 employees across the globe, the Company's solutions are sold to more than 6,000 customers across 50 countries. Concho is the most unethical place I have ever worked. They only looked out for themselves. Why am I reading about this on other boards and not this one? January 18 , 2021. Get comprehensive information on the number of employees at Concho Resources from 1992 to 2019. Updates with company comment in 5th paragraph. But they want us to stick around and work for them again...? Rick Snyder speaks with reporters during a news conference at his office in Lansing, Mich. Former Michigan Gov. And don’t forget (because our managers and leaders won’t) WE are taking over YOU. ... $63 billion of total assets, and approximately 9,700 employees at June … Concho Resources List of Employees: 1992-2019 There's an exhaustive list of past and present employees! We also don’t have an HMO option for insurance just an expensive high deductible out of network plan. What’s the word friends? Anyone heard any other news/rumors of buyout? Years of service calculation for severance? Responding to warnings of potentially violent demonstrations, governors across the nation are calling out National Guard troops, declaring states of … … Most stressful place I've ever worked at. When did we get to this point? Good luck. Just saw this on Conoco's page https://www.thelayoff.com/t/17xUF6kg Are these rumors of buyout in January solid? Nobody knows what the future holds anymore. Concho Resources will cut its shale oil exploration and production spending by between $600 million and $800 million after oil prices crashed last week. —  I can guarantee once the acquisition is completed heads are going to be on the chopping block. —  Bloomberg reports that employees will learn in February who gets the 60-day advance notice and who doesn’t. As of June 30, 2020, ConocoPhillips had operations and activities in 16 countries, $63 billion of total assets and approximately 9,700 employees. Is the grass any... The Permian Basin Is Getting Very Difficult to Investors, Use of this website constitutes acceptance of our. Aramark East Carolina University NC - 440 . read more. —  Shale drillers are staring down the barrel of the worst oil bust yet. You can filter them based on skills, years of employment, job, education, department, and prior employment. 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. Number of employees. Concho Firings I think the overall consensus is that we all know these “layoffs” are happening. They got the same great packages, will you? 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. Ok hired almost 10 years ago. 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 … Guess what.... no body is immune in this market. 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. 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 … So bad, upper management forcing people to attend the holiday party and taking names if not attending. Seems like that buildings in SE NM could be for sale soon. It's concerning that COP staff seem to have such disdain for their own company, especially the SPIRIT values. At least 500 Conoco Phillips employees could be laid off early next year. 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? Thomas Greco has an approval rating of 63% among Concho Resources' employees. Now that's a whole lot of layoffs right there. ConocoPhillips will be laying off 500 workers in Houston, the company said Tuesday. “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. I have friends across all industries that have been laid off and it is... The average salary for Concho Resources employees is $89,400 per year. Like the old saying goes, nothing good last... They don't want to call anything a "layoff" so they just lie, and make up whatever reason they want to fire someone. ConocoPhillips will be laying off 500 workers in Houston, the company said Tuesday. But the company is not immune from the slump and has reduced production 22% over the past year, meaning fewer employees are needed. This is bad. January 20 , 2021. “However, we anticipate the number of reductions in Houston could meet the threshold of 500 or more.”. ConocoPhillips (COP) plans to lay off 500 or more of its Houston employees after the acquisition of Concho Resources at the beginning of 2021. You're put on a "tryout" period where you are a "contractor" getting paid by another company that does jobs for Concho. 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. —  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. Cons. https://www.reuters.com/article/us-conocophillips-layoffs-idUSKBN28C0BL 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. The company agreed to buy Concho in October and the $11.4 billion deal is expected to close next year. Just a Merger.........PXD here we come! Have a confidential tip for our reporters? read more, Just got word that the layoffs have begun here at the Office! 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. —  538 employees have rated Concho Resources CEO Thomas Greco on Glassdoor.com. The Midland-based oil … Interactive chart of Concho Resources (CXO) annual worldwide employee count from 2007 to 2020. This could be significant if severed. Bloomberg reports that employees will learn in February who gets the 60-day advance notice and who doesn’t. All 55 and older are being offered VSPs. read more, Concho is not what is purports to be in a highly recognized BEST WORKPLACE company. Any Idea what Severance packages look like? Who knows what happens after that. I see all these rumors but people keep saying they're BS. The accounting department is extremely stressful, but the people are all very nice. 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… —  I'm afraid there will be a lot of redundancy, but the question is how deep will... It's almost time, sad ending but I enjoyed the ride. 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. Concho Resources Inc. is an independent exploration and production company engaged in the acquisition, development and exploration of oil and natural gas properties. Tough for the others. The other departments in Concho seemed to be very happy and satisfied with their jobs. read more, if you moved from a different company to Concho do the years of service at previous company carry forward to concho? Co-workers were awesome and willing to help when in need. You can filter them based on skills, years of employment, job, education, department, and prior employment. Things are looking horrible - Concho Resources may have layoffs soon... No Buyout! 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. 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. (1) For your career and annual ratings/rewards, it’s better to look good than be... Visit PayScale to research Concho Resources salaries, bonuses, reviews, benefits, and more! Will you get treated the way we treated companies we bought? Be prepared to... Concho management greatly values their team and wanted to provide top-notch amenities for their employees’ well-being and satisfaction. read more. But, that said, y’all need to be aware of the backstabbing poisonous culture at ConocoPhillips’s. 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. —  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 … We’ve had our 20% cost of living adjustment cut and our savings plan match eliminated. Toxic team and management environment. If you could leave Concho right now, where would you go? Soon... no Buyout company agreed to buy Concho in October and the $ 11.4 billion deal is expected close... Acquisition is completed heads are going to be “ let go ” with... Guarantee once the acquisition is completed heads are going to be “ let go ” gracefully with EOI and this! 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