All dead? Anybody staying? Who is going to run the JV stuff?
Topics regarding layoffs at BP PLC
Bernard Looney, CEO, stated that BP will reduce crude oil production by 40% over the next 10 years and invest up to $5 billion/year in low carbon technologies. BP swore off exploration in new countries. The goal is to bring oil production down to... — read more
All GBS employees in Naperville were told they will be let go, obviously the petrochemical business was sold, ultimate leaving very few people left at the Naperville campus that is way oversized to begin with. Rumor is that ineos has no interest in... — read more
Dividend cut in half after huge loss.
I’ll be interested to see the Q2 earnings tomorrow. I think we’re the last super major to release results this quarter. Results for the others have been all over the place. I guess I’m mostly interested to see if trading offset our losses and if we... — read more
Do you want to know how messed up bp is???? The entire company is reorganizing from top to bottom and every job is being reviewed, but NO ONE is allowed to apply for a job. Leadership is going to place people in new roles. And they refuse to say what... — read more
Sociopaths and psychopaths are incapable of understanding empathy, or any other emotions that are related to caring and taking responsibility for others concerns or worries. The way neurons are wired (connected) in their brains, means that they will... — read more
I’m in my early 30’s and am considering the jump (if I am retained come September). What’s everyone else’s plan? O&G feels like it will never be the same and the current process has been anything but transparent.
There’s a rumor making its way around the investment community that BP might cut its dividend.
I spoke with a relible source on the estimated reductions for the following grades: *Level C and up: 50% reduction *Level D to F: 30% reduction *Level G and below: 25% reduction Frontline hourly employees and their supervisors are exempted... — read more
These mid year reviews should be interesting - considering that your manager has no idea what is happening with the reorganization, and does not even know if he/she will have a job. This whole process is such a joke - “behind the curtain” and secret... — read more
So why would a company that has a goal to be carbon neutral by 2050 invest $1 billion in gas stations? Shouldn’t they be investing in low carbon infrastructure? I don’t get it. It is as if bp are talking out of both sides of their mouth. Read... — read more
BP seems to be selling anything they can to get cash and manage their debt. What’s next? Canada? BPX? More downstream?
No murmurs? Gossip? Nada?? Starbucks leaving Westlake? Someone must know something!
14,000 US employees. 8,000 layoffs. That's about 58% of US employees. I think they might close Houston and have the skeleton crew work remotely or have the workload transferred to UK. No inside info. Just gut feel.
Now that BP is selling the petchems business is this headcount included in the 25% reduction target?
Any ideas all??
Any updates on bpx energy layoffs? Any idea if the plan to layoff wamsutter is still in place?
BP is a sinking ship. I am on my way out and looking forward to not receiving another political email. It’s crazy how much pandering this company does. Although playing like they care about carbon emissions, just to evade future carbon taxes is a... — read more
How quick will layoffs be after EOIs? Is there any point in submitting my EOI today versus waiting for the axe?
Has anyone heard the numbers expected from UEC?
Would bp go and rescind job offers for newly hired graduates?
To be honest this might be a blessing in disguise. The unemployment benefits are good at least for now and hope companies will give out good packages. This is the time to retrain yourselves and get out of this dying industry and never look back. The... — read more
I support this! No need for my dividend and stock price to fall further for the sake of 10,000 unnecessary personnel. Time to run more efficiently and get that stock price back to the mid-40's.
Just look around this board and you'll see that all oil companies are currently laying off people in large numbers. That means that we are screwed when it comes to finding a new job. There will be so many unemployed in our industry and so few jobs... — read more
Does anyone know whether this morning's announcement gives a hint of how many from BPX would be laid off? Yes Lawler is going to be chair of BP America, but which units under his BPX are getting cut?
Hi folks 10,000 to leave by the end of the year worldwide. Unfortunately, but it was coming.
Who are they promoting? FOBs! Friends of Bernie, of course. And every day there are a lot more “Bernardettes” rising through the ranks at all levels, if you know what I mean. I can’t wait for the activist ENGOs to find this weakness and exploit it... — read more
Who is running the pool for when we pull out of Denver and sell the L48 like we were going to do 6 years ago? I will definitely take the under ob that prop bet. Did we think using the Sandridge crew was going give this story a different ending... — read more
Bernard’s email today indicated a smaller and nimbler BP. I wonder when all this will happen. The last round of layoffs seemed to drag on for a long time.
Does anyone really believe we’ll return to work on June first? I know that if my manager tells me to go to the office I will say hell no! I have heard nightmare stories about what has been happening at offshore in GoM.
When Mr. Looney had his call with employees earlier this week, it sounded like he announced layoffs are to come in June. Did I understand him properly? I wonder how much more information will be announced after earnings on April 28.
Hmmm ... I wonder if the freeze on promotions, raises and stock awards applies to the Group leadership changes that were announced last month???
Are you having any furloughs due to the virus? What's being affected (if any).
Is anyone else sick and tired of seeing Bernard Looney’s face plastered all over LinkedIn??? I do not want to be inundated with his “personal brand” while I’m looking for a better job somewhere else.
BP is below $20/share, lowest since 1994. Dividend cut is certain, along with big layoffs. Join the club with all the other oil companies. The whole situation stinks.
Is anyone going to write an article about how many companies Doug and Dave have brought to financial ruin instead of focusing on their gator hunts? BPX and Chesapeake are going to be the latest casualties resulting from their lack of foresight and... — read more
they say get ready - i say how?