My 2 Cents: Devon Energy To Begin Layoffs - - Oklahoma City, OK - News, Weather, Video and Sports |

My 2 Cents: Devon Energy To Begin Layoffs

Posted: Updated:
File photo File photo

How quickly fortunes can change in Oklahoma.

For many of us the oil bust of the 80's is a faded memory, but I remember how suddenly the attitude of prosperity in Oklahoma dried up when the oil prices took a nose dive.

Well today, we get word that arguably our strongest energy company, the one that built a beautiful gleaming glass skyscraper downtown is the latest to succumb to this worldwide oil glut.

700 Oklahoma City employees will be notified over the next two days that they're being laid off, that's more than 25 percent of Devon's local workforce.

First and foremost, to anyone getting that news, let me say I'm sorry.

I know how stressful it is for those families.

But here's hoping this time around, there are other industries thriving in Oklahoma that can absorb some of these job losses, it wasn't so 30 years ago.

We didn't have much besides energy going at that time.

In those crisis days past, Oklahoma leaders talked ad nauseam about the need to diversify our economy into other areas besides energy for just such a time as this.

And over time Oklahoma City has accomplished that. It has been recognized as the 11th most diversified economy out of the 350 largest cities in the U.S.

This oil bust is a blow for sure, but I don't see this city sliding back into the malaise we experienced 30 years ago.

I'm Kelly Ogle and that's My 2 Cents. 

Live Radar

WARN Interactive

Featured On

  • Business News

    Find news on Oklahoma's economy, local business, the banking industry and more.

  • Links

    Looking for a website you heard mentioned on News 9? Find it here!

  • Local News

    Get the latest breaking news, current events and headlines affecting Oklahomans.

  • 9 Investigates

    Are you aware of incidents of fraud, corruption, government waste? We investigate.

  • Send Kelly Your 2 Cents

    * denotes required fields

    We're sorry, but only one entry is allowed per person.
    Thank you for your continued interest.

    Thanks so much for giving me Your 2 Cents. I read every e-mail I get and appreciate your comments. Be looking for Your 2 Cents Monday through Friday on NEWS 9 at 10. Thanks so much, Kelly Ogle, NEWS 9 Anchor

Powered by Frankly
News 9
7401 N. Kelley Ave.
Oklahoma City, OK 73111 is proud to provide Oklahomans with timely and relevant news and information, sharing the stories, pictures and loves of Oklahomans across our great state.
All content © Copyright 2000 - 2018 KWTV. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.