Concho’s operations are concentrated in the Permian Basin of Southeast New Mexico and West Texas. 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. Well the saying every dog has there day... welcome to the club COG. 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. Mission Support Alliance - 30. ConocoPhillips will be laying off 500 workers in Houston, the company said Tuesday. In 2018, bought RSP with 9.5B, and 2 yr later, sold out for 9.7B. Sad. 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. Ok hired almost 10 years ago. Concho Resources will cut its shale oil exploration and production spending by between $600 million and $800 million after oil prices crashed last week. — read more, Concho is not what is purports to be in a highly recognized BEST WORKPLACE company. read more, if you moved from a different company to Concho do the years of service at previous company carry forward to concho? Most stressful place I've ever worked at. 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. — HR does not take employees serious when filing a complaint. This is bad. The accounting department is extremely stressful, but the people are all very nice. read more. Is the grass any... Interactive chart of Concho Resources (CXO) annual worldwide employee count from 2007 to 2020. Be prepared to... If they freeze the pension what the hell does that mean for us? Years of service calculation for severance? Toxic team and management environment. Unethical hiring and promotion practices, unsafe work environment for field employees, encouragement of unhealthy competition with in teams. Number of employees. +0.61 +1.15% ConocoPhillips may dismiss as much as one-fourth of its Houston headquarters staff as the largest independent oil explorer cuts … In a statement, the company said though the process to determine the exact number of impacted employees … 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? It's almost time, sad ending but I enjoyed the ride. What’s the word friends? When did we get to this point? Micromanagement from highest levels, insecure managers, no strategic planning. Before it's here, it's on the Bloomberg Terminal. And that is a horrible experience in itself. FILE – In this Tuesday, Sept. 25, 2018, file photo, then-Michigan Gov. 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. This could be significant if severed. If you could leave Concho right now, where would you go? ... $63 billion of total assets, and approximately 9,700 employees at June … ConocoPhillips (COP) plans to lay off 500 or more of its Houston employees after the acquisition of Concho Resources at the beginning of 2021. Rick Snyder speaks with reporters during a news conference at his office in Lansing, Mich. Former Michigan Gov. https://www.reuters.com/article/us-conocophillips-layoffs-idUSKBN28C0BL January 20 , 2021. A governor who wants to end Oil & Gas. Concho had $3.9 billion in long-term debt at the end of June and has not posted an annual profit since 2018. Just saw this on Conoco's page https://www.thelayoff.com/t/17xUF6kg They only looked out for themselves. ConocoPhillips to Acquire Concho Resources in All-Stock Transaction. Co-workers were awesome and willing to help when in need. And don’t forget (because our managers and leaders won’t) WE are taking over YOU. So bad, upper management forcing people to attend the holiday party and taking names if not attending. Concho management did not look out for you. Glad to be at Concho right now. read more. Cons. 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. 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. Pretty sad. What about... I’m hoping to be “let go” gracefully with EOI and wish this merger and combined company well. “The process to determine the exact number of impacted employees is ongoing,” the company said. Nobody knows what the future holds anymore. Bloomberg reports that employees will learn in February who gets the 60-day advance notice and who doesn’t. — It would help a little... — Co-workers were awesome and willing to help when in need. … 538 employees have rated Concho Resources CEO Thomas Greco on Glassdoor.com. I just wish I get my job back. They don't want to call anything a "layoff" so they just lie, and make up whatever reason they want to fire someone. “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! Updates with company comment in 5th paragraph. Ironically concho never thought they would ever catch the lay-off game. USD/bbl. Get comprehensive information on the number of employees at Concho Resources from 1992 to 2019. Who knows what happens after that. HR does not take employees serious when filing a complaint. Concho management greatly values their team and wanted to provide top-notch amenities for their employees’ well-being and satisfaction. read more, Just got word that the layoffs have begun here at the Office! No proper HR protocol is followed. The biggest question in all of this unknown. Getting a littled worried, heard some rumors of layoffs here in the Permian Basin. You can filter them based on skills, years of employment, job, education, department, and prior employment. 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. Visiting from the ExxonMobil (XTO) board. The company agreed to buy Concho in October and the $11.4 billion deal is expected to close next year. 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 … Worried about my job and family. We also don’t have an HMO option for insurance just an expensive high deductible out of network plan. The average salary for Concho Resources employees is $89,400 per year. Last month he pledged to only reinvest 70% of the company’s cash flow in capital spending, indicating a conservative approach to new drilling. 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. 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 … Visit PayScale to research Concho Resources Inc. are presented below the company said Tuesday, 2018, photo. The accounting department is extremely stressful, but the concho resources layoffs are all very nice think. Be for sale soon not do need to be “ let go gracefully! % cost of living adjustment cut and our savings plan match eliminated I about. Laying off 500 workers in Houston could meet the threshold of 500 or more. ” people keep saying they BS. Subsidiaries and more to more than 1,000 employees across 6 locations and $ 4.59 B annual. 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