To put it bluntly, make sure to have a contingency plan in case your head is on it. Guess what.... no body is immune in this market. read more, if you moved from a different company to Concho do the years of service at previous company carry forward to concho? 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 … If you could leave Concho right now, where would you go? So bad, upper management forcing people to attend the holiday party and taking names if not attending. —  Get comprehensive information on the number of employees at Concho Resources from 1992 to 2019. The accounting department is extremely stressful, but the people are all very nice. The lazy employees are either protected by poor management or recognized for doing what they do NOT do. Mission Support Alliance - 30. 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. Do I get credit for previous years of service if I worked for ConocoPhillips prior to coming to Concho. —  Be prepared to... Well the saying every dog has there day... welcome to the club COG. What a failure! This is bad. read more, I have been reading between CXO and COPs pages in here. HR does not take employees serious when filing a complaint. 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 see all these rumors but people keep saying they're BS. 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? Any rumors on what severance package may look like? Concho was planning to cut spending by 33 percent even before this whole pandemic thing hit. Good luck. You're put on a "tryout" period where you are a "contractor" getting paid by another company that does jobs for Concho. Pretty sad. Like the old saying goes, nothing good last... 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 got the same great packages, will you? I hate being someone who worries, but does anyone got the facts????? 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. —  In 2018, bought RSP with 9.5B, and 2 yr later, sold out for 9.7B. +0.61 +1.15% ConocoPhillips may dismiss as much as one-fourth of its Houston headquarters staff as the largest independent oil explorer cuts … 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. Have a confidential tip for our reporters? 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 … Are these rumors of buyout in January solid? And that is a horrible experience in itself. ConocoPhillips will be laying off 500 workers in Houston, the company said Tuesday. Worried about my job and family. 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 … But the company is not immune from the slump and has reduced production 22% over the past year, meaning fewer employees are needed. This could be significant if severed. read more. Updates with company comment in 5th paragraph. 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. … January 20 , 2021. —  The Midland-based oil … Getting a littled worried, heard some rumors of layoffs here in the Permian Basin. Micromanagement from highest levels, insecure managers, no strategic planning. There should be investigations done... Concho Resources Salaries. I just wish I get my job back. With more than 1,000 employees across the globe, the Company's solutions are sold to more than 6,000 customers across 50 countries. We also don’t have an HMO option for insurance just an expensive high deductible out of network plan. Anyone heard any other news/rumors of buyout? Will you get treated the way we treated companies we bought? Number of employees. A governor who wants to end Oil & Gas. Concho management greatly values their team and wanted to provide top-notch amenities for their employees’ well-being and satisfaction. It's almost time, sad ending but I enjoyed the ride. Concho Resources will cut its shale oil exploration and production spending by between $600 million and $800 million after oil prices crashed last week. Sadly your perfect palace is crumbling along with your stock. As of Dec. 31, 2019, Concho had 1,453 employees. Last month he pledged to only reinvest 70% of the company’s cash flow in capital spending, indicating a conservative approach to new drilling. Biden pulls Keystone Line's Permits - Layoffs to begin. 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. —  Co-workers were awesome and willing to help when in need. 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. I'm scared things might turn out much worse... Everyone will get laid off, take the package and run. Reason I ask is they do this to determine vacation time so why would it be done on severance determination? The Permian Basin Is Getting Very Difficult to Investors, Use of this website constitutes acceptance of our. But, that said, y’all need to be aware of the backstabbing poisonous culture at ConocoPhillips’s. Just saw this on Conoco's page https://www.thelayoff.com/t/17xUF6kg Permian Basin. Shale drillers are staring down the barrel of the worst oil bust yet. ConocoPhillips to Acquire Concho Resources in All-Stock Transaction. —  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. Before it's here, it's on the Bloomberg Terminal. Thomas Greco has an approval rating of 63% among Concho Resources' employees. read more, Long-time ConocoPhillips’s employee here. The other departments in Concho seemed to be very happy and satisfied with their jobs. ... $63 billion of total assets, and approximately 9,700 employees at June … Interactive chart of Concho Resources (CXO) annual worldwide employee count from 2007 to 2020. Is the grass any... Concho Firings I think the overall consensus is that we all know these “layoffs” are happening. read more. —  You can filter them based on skills, years of employment, job, education, department, and prior employment. Fox News - 20+ January 19 , 2021 . 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. read more. 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. The company agreed to buy Concho in October and the $11.4 billion deal is expected to close next year. HR does not take employees serious when filing a complaint. Co-workers were awesome and willing to help when in need. Messages relating to layoffs at Concho Resources Inc. are presented below the company info. Visiting from the ExxonMobil (XTO) board. Get comprehensive information on the number of employees at Concho Resources from 1992 to 2019. Tough for the others. Concho Resources Inc. is an independent exploration and production company engaged in the acquisition, development and exploration of oil and natural gas properties. Who knows what happens after that. Concho had $3.9 billion in long-term debt at the end of June and has not posted an annual profit since 2018. Aramark East Carolina University NC - 440 . FILE – In this Tuesday, Sept. 25, 2018, file photo, then-Michigan Gov. “However, we anticipate the number of reductions in Houston could meet the threshold of 500 or more.”. Most stressful place I've ever worked at. ... $63 billion of total assets, and approximately 9,800 employees … The … read more, Just got word that the layoffs have begun here at the Office! Most stressful place I've ever worked at. 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. 538 employees have rated Concho Resources CEO Thomas Greco on Glassdoor.com. (1) For your career and annual ratings/rewards, it’s better to look good than be... Anyone know?? Morale is extremely low, no turning back. read more. I can guarantee once the acquisition is completed heads are going to be on the chopping block. The average salary for Concho Resources employees is $89,400 per year. Concho’s operations are concentrated in the Permian Basin of Southeast New Mexico and West Texas. Bloomberg reports that employees will learn in February who gets the 60-day advance notice and who doesn’t. This puts Thomas Greco in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. Just a Merger.........PXD here we come! 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. Concho is the most unethical place I have ever worked. Years of service calculation for severance? Stock up one day down the next. Responding to warnings of potentially violent demonstrations, governors across the nation are calling out National Guard troops, declaring states of … —  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. You can filter them based on skills, years of employment, job, education, department, and prior employment. January 18 , 2021. 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. 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. As of June 30, 2020, ConocoPhillips had operations and activities in 16 countries, $63 billion of total assets and approximately 9,700 employees. Ironically concho never thought they would ever catch the lay-off game. What about... https://www.reuters.com/article/us-conocophillips-layoffs-idUSKBN28C0BL Unethical hiring and promotion practices, unsafe work environment for field employees, encouragement of unhealthy competition with in teams. I'm afraid there will be a lot of redundancy, but the question is how deep will... State Street - 1, 200. Ok hired almost 10 years ago. But so far CEO Ryan Lance has given no indication of a major ramp up. Concho Resources List of Employees: 1992-2019 There's an exhaustive list of past and present employees! They only looked out for themselves. If they freeze the pension what the hell does that mean for us? promises and I turned down another offer with a much better... Rick Snyder speaks with reporters during a news conference at his office in Lansing, Mich. Former Michigan Gov. 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 … Affected staff to be notified from Feb. 1, will get severance, Conoco says it’s cutting jobs in line with future activity. See insights on Concho Resources including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Concho management did not look out for you. Concho Resources has 1,453 employees across 6 locations and $4.59 B in annual revenue in FY 2019. 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. 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. And don’t forget (because our managers and leaders won’t) WE are taking over YOU. 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. Or just that simply rumors. In a statement, the company said though the process to determine the exact number of impacted employees … We’ve had our 20% cost of living adjustment cut and our savings plan match eliminated. 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. 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. Bloomberg reports that employees will learn in February who gets the 60-day advance notice and who doesn’t. Concho Resources List of Employees: 1992-2019 There's an exhaustive list of past and present employees! 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