If there are layoff's in 2024 let's hope this time Chevron does not encourage or push experienced or older people to leave. We need to keep experience for a while after the great exodus of 2020. Layoff target this year should be the lower performance tier of employees irrespective of age, race or gender.
27 replies (most recent on top)
we need to kick out all the old people, theyr useless and cant learn anything new!
Hess people are better compensated, so maybe they will be laidoff/packaged first?
Haha SJV will be sold as soon as it can.
The safest place is SJVBU. It will be around for decades according to MW and they can’t fill all the open positions. Come to SJV and really enjoy a great career in a place the is close to the beach, mountains, desert!
@2thw Let me guess….you should be on that list right?
@1oxz Management needs to start "re-considering" some the HiPots. I'm not seeing that potential or outstanding performance. It's now a question of moral and doing what is right.
Very true, Lagos or Luanda atleast makes you some money, but there is no career progression in these locations.
@bqo, MCBU and SJVBU are always looking for people because nobody in their right mind (especially with a family) wants to move to Midland or Bakersfield. Same situation in Lagos or Luanda. Latest news from SJVBU will scare everyone from applying there. All four also infamous for overworking their staff with little career bounce after those assignments (L&L are a notorious pipeline to fabricated CTC positions for returning expats). MCBU could get you a bounce, but it would have to be with a different company. The others mimic Rumbai, Aberdeen, and Moon Township - short-term jobs in dying offices.
If you think CTC is the only organization in Chevron with middle management overload you are sadly mistaken. Flatten the organization by two levels and see productively accelerate across the board!
25% CTC layoff coming
Time to purge the true rot: The army of middle managers who know nothing and shift from one low impact portion to the next, each time raising in rank. Simple test. If neither you, nor anyone directly below you, makes money then you get the boot.
Hipots are the definition of being born on 3rd base, and think they hit a triple. Congrats, your parent got you into (insert preferred school).
Why some of you guys ask why are Hi pots never affected by layoffs? it is obvious that if you are a hipot, you are "considered" an outstanding performer, hence the company would not let you go...
Also, why do you act as if it is a bad thing to have layoffs after an acquisition? that is part of the benefits of acquiring a company vs. operating as 2 separate ones. There will be synergies and the work can be done with less people.
Please comment as a shareholder too, not just as a person who wants a salary and is oblivious on how the world works.
I have worked for other major oil companies as well as CVX. They are all basically the same. An M&A means layoffs mostly for the company being bought but gives cover to get rid of what management likes to call the "rot". This number is usually around 10%. This nonsense was started by Jack Welch who booted 10% per year as non-performers. You'll notice that this will never effect the high PSGs or HiPots. They will be miraculously promoted. With PDC and now Hess firmly on the radar screen so will others. I believe it will happen this year but I don't know when.
I don’t see layoffs in 2024 but after that….game on!
Like all mergers and acquisitions before, integrating Hess employees will provide the smokescreen to layoff more. Take a look at Hess staff numbers, M&As always reduce by that amount, that is, returning to the original (Chevron) staffing numbers. Those in Hess worth preserving (Guyana people, at least for a while) will displace Chevron people.
MW is a glutton for layoffs so there will be layoffs coming.
“ there will be no more layoffs!”… heard this many time over my 35 years at Chevron, typically about a year before a big layoff.
While I do not believe there will be a mass ROM, I do believe that there will be layoffs in 2025. This will be after we have fully integrated PDC and Hess. I believe they will use the guise of “high-grading the portfolio” and “assets competing for capital”. They will “right size” the corporation to more efficiently manage the assets in a lean agile work environment. This will mean also selling off or transfer AROs where possible and shed some of the employees that way also.
Actually this site needs to change names because there will be no more layoffs! Now don’t you all feel better?!
Nobody needs to encourage or push me out. If this 2024 year brings a wave of layoffs, this Chevroid with 34 years of experience will be volunteering to raise my hand and EOI if the usual severance program is offered.
Fake news. MCBU and SJV can’t even fill open positions now…
Company is a dumpster fire because of poor management. Layoffs won't change that.
Here is the latest:
CTC 20%
GOM 20%
MCBU 15%
SJV 25%
This is work in progress, but final numbers will be finalized after Hess merger.
Sure old timer sure …
Around 3000 employees. Lean and mean strategy until the company is 100% dysfunctional then hire again. Things are really bad.
MW thinking: non-high-pot, non-management, and older employees are expensive and easily replaced with green college grads. This was the logic in 2015 and 2020 and gave you the company we have today.