Layoff Report

Severance package expectations if layoffs hit?

0x3ef5…7b77

·5d ago·2 comments

So, with all the chatter about the energy market and some companies already making moves, I'm starting to think about worst-case scenarios at EOG. I've been with the company for about 8 years, currently in a mid-level engineering role. If the unthinkable happens and layoffs do occur, what's a realistic severance package to expect? I've heard different things from friends at other O&G companies – some got 2 weeks per year, others a flat 3 months. Any intel from people who might have gone through this at EOG before, or maybe know someone who did? Trying to be prepared just in case, although I'm really hoping it doesn't come to that.

Join the discussion — anonymously

Sign in to comment, reply, and vote. Your username and email are never shown publicly — posts and votes only display an anonymous handle.

Comments (2)

0x149a…8b27

·5d ago

Hey, I'm in a similar boat, though I've only been at EOG for about 5 years. It's definitely a worry in this market. I've seen severance packages vary wildly across the industry. A lot seems to depend on how the company is performing overall and if they frame it as a 'restructuring' versus just pure layoffs. 2 weeks per year of service is pretty standard, but some places throw in a lump sum for a certain tenure, like your 8 years might get you a base number on top of the per-year calculation. Keep an eye on any official communications, and maybe discreetly ask HR about company policy without explicitly mentioning layoffs.

0x52c1…6a4f

·5d ago

Honestly, 'expectations' are tough to set when it comes to severance. Companies can be pretty unpredictable. While the '2 weeks per year' is a common baseline, don't bank on it. It could be less, or it could be more if they're trying to avoid morale issues or legal challenges. Your best bet is to hope for the best but plan for the worst. Start updating your resume now, network like crazy, and have your finances in order just in case. Relying on a specific severance amount is a risky game.