I'd rather know if I'm laid off today than have to think and worry about it for the next who knows how long. It's not as if a few days or weeks are going to mean much in "preparing" for being jobless. You either have enough savings or you don't. Everything else can be done after the fact.
19 replies (most recent on top)
Haha, do people genuinely think this will be a one round event? Chevron is the floating bloated whale and the sharks taking continual bites are reality, managerial self interest and greed. To paraphrase Churchill, this is the beginning of the beginning.
Functions are already designing their structure so expect as early as Q4 and as late as Q1. Let’s hope it’s Q1 so we can take LTIP and CIP.
Chevron is notoriously slow in doing a large layoff process, usually taking 18 months from first plan to the actual layoffs. Alpha, headed by your next CEO EB, was synonymous with molasses and glaciers. I think the Hess deal started the wheels turning, just as the planned Anadarko merger started the movement towards the 2020 layoffs. Uncertainty about Hess will drag this out, sorry. There will be lots of quiet meetings and sessions to identity the 'walking dead' (particularly after performance review closeout later this year), but nothing can happen until Hess is figured out. Plan on layoffs about this time in 2025.
Management wants to get this over with as soon as possible. Having people who are going to be shown the door hang around for 2+ years is a non-starter. They will do everything possible to accelerate the process. With MN involved he'll figure out a way to foul up the entire process. I give it 6 months before they announce that it's running like a well oiled machine based on some artificial deadline they claim to have met.
Yep, I think writing is on the wall for most to be let go there in November
CBU will be gone by the end of the year fyi.
Now you know how we all feel at CBU.
Guys just look at Exxon. The job losses in the US will be steady and continuous for years as you train your replacement. It isn’t a one time thing. As the capability of the workers in India builds they will replace you. Just look at how many Indian expats are working for exxon in Houston and Midland. Getting trained to go back to India so they can fire all the US workers.
This is so obvious. I mean why did the changes in 2020 not fix everything? We were #1 in 2022 but then slipped since then. The 2020 reorg + the CNE brain drain has hollowed us out. So lets do it some more!
It feels like constant reorganization and uncertainly over the last decade (and longer), with none of changes having any positive impact on our business. The confusion and inactivity caused by each rearrangement of the deck chairs just reduces moral and motivation. What we need is leadership that can guide a path with a steady tiller rather than continuing to circle aimlessly following the whims of newest hyped management philosophy.
Most of these centers fail in the first few years. So we will fire 600-1000 now and then require in say 2027z
Those people that think this is restricted to only 600 engineers are clearly not listening, This will be ‘transformative’ for this Company, MW isn’t spending $1B on a center in India for a lousy 600 jobs…there will be many thousands of jobs moved overseas, this is simply a first step to pave the way…
I found out as have others, worry changes nothing. What you can do is your job and just be prepared in case it does happen. You will be fine!
To set up a new center and staff is adequately in the US will take over 1 year if not more, so the 5 year time frame provided is a very conservative estimate, the layoff associated with it will not happen instantly, it will be gradual starting year 3 at earliest.
Not too long? This is going to occur over the next 5 years, per LT. The really should’ve called it REEPER
It will take about a year. In the meantime, everyone will be scrambling for safe musical chairs spots overseas or closer to the wellhead.
At least we have time to polish our resumes and start looking for a job. Fn Chevron.
It will take months if we mis-manage change the way we have for the couple of last org changes. In the mean time management take whatever small attention they have on the business away to mainly focus on protecting their fiefdoms and favourites ensuring yet another failed execution. Potentially impacted staff will have many months of distraction and uncertainty...it has already been said nothing expected to happen this year in ABU on headcount, which really means..."we don't have plan yet". Chevron cannot effectively manage org changes. The same people who either created our problems or have been raised in our leadership pathways cannot fix them. We have all seen it time and time again. Why our Board can't work this out is in part a product of the terrible governance of combining the Chairman and CEO position. If we had a Chairman there is no doubt we would not have the same CEO now. Mike is un-sackable unlike the rest of us! Hopefully the big shareholders will work this out one day when they get sick of our underperformnce and lack of vision. The next CEO needs to be an external hire. We can't control what is happening so I for one will keep showing up to do my best and have some fun along the way.
You must be new to chevron.