Topics regarding layoffs at Phillips 66

Topics regarding layoffs at Phillips 66


I think my position is being eliminated but instead of paying my severance, they’re going to offer me a job I don’t want and am in fact not qualified for. They want me to just quit. That’s honor???

That Didn't Take Long

Well, it didn't take P66 very long to get up to their old tricks with DCP Midstream. They're laying off ~130 employees in Denver. They did do it quietly and pushed off the dirty work on DCP, but it was P66 pulling the strings.

Which Refinery is next??

From the investor call: Mark Lashier: "We're constantly looking at what refining assets belong in our portfolio long term and what is the best way to deal with those that maybe aren't having a long-term future. And you've seen us exit Alliance. It... —  read more 

Moving Too Fast??

It seems we’re moving so fast on Transformation that nobody seems to really know what changes are going to work and which aren’t. We’re just flying by the seat of our pants.

Good Transformation News

I just watched a video that said that Transformation was going to last through 2024. That means it’s going to collapse in on itself probably sometime next year. By then everybody will realize that it’s failed and it’ll all be swept under the rug... —  read more 

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November 9th

This is the day p66 leadership meets with investors in New York. It’ll be interesting what claims the make to them about how wonderful transformation is.

Moving Parts

The more I learn about Transformation, the more convinced that it’s going to fail. Rather than stream lining things it appears to have created a bunch of little reporting groups. Way too many moving parts to ever be successful.

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