In terms of P66 personnel after it is all done? In other words, what is your guess in total losses in percentage terms? 5% reduction?
So why is our Digital Security Architect, telling people shes our Deputy Ciso? Is she the heir apparent due to Diversity?
The emails all said something to the effect of, “…in the coming weeks those leaders will pick their teams…”. Does that mean layoffs will happen within the next couple of weeks?
I heard Friday is d-day.
And really any other consultant vampires: https://www.theatlantic.com/ideas/archive/2020/02/how-mckinsey-destroyed-middle-class/605878/
Never seen a company go through such a self imposed implosion like P66. We are losing talent left and right and keeping the management in place that drove them all to look elsewhere. I’ve seen people leaving in droves recently for competitors. ... — read more
I have it on good authority tomorrow is the day.
I’m not going to lie, I was excited by the idea of change at P66. It is needed, but once again I was fooled. There isn’t really going to be meaningful change in a good way. The org changes announced will do very little. McKinsey and BT are too busy... — read more
No cap: just saw a McKinsey drone napping in the break room
At least not in this case. The acquired company will most likely lose some employees but I don't see why we would be affected in any way. Any redundancies should be dealt with on their side. I think people who are worried about what's to come are... — read more
Gotta wonder if McKinsey’s been poking around in DCP too. A whole lot of our assets are next to theirs, so it makes sense, but that also means layoffs are imminent.
Shell Oil recently announced it was giving all 82,000 employees a bonus of 8% of their salary because of their record profits. Has anyone heard about Phillips 66 possibly doing the same thing? I heard in a recent presentation from a high level P66... — read more
Midstream: in the past 3 years Phillips 66 Company has shut down or idled the following assets: 1/2 of North Texas Crude Gathering System; Chisholm Pipeline System; Line - O (Cushing to Borger); Alliance Refinery; Most of River Parish (purchased... — read more
My take on Lashier's email about Q2 earnings is that he's basically saying "good job everyone, but we're still gonna have layoffs".
Enron used McKinsey too….just sayin’……. https://amp.theguardian.com/business/2002/mar/24/enron.theobserver
Poor decisions led to $110 million LPO, unethical contractor selection regarding TA general contractor and material management, extremely poor leadership, targeted retaliation for opposing views, unfair hiring practices, running maint/TA groups into... — read more
Is it true that the research center in Bartlesville is closing?
anyone else seeing people leave like never before?
Does anyone know much of a percentage Blackrock owns in P66? Are they the ones in the drivers seat behind business transformation and Inclusion &Diversity?
With the downturn in the economy and consultants eliminating jobs, any news if they will target P66 employees or target contractors?
McKinsey has been to Ponca City and Bayway. Any new out of those places about the Transformation?
But what does that mean??
Let’s see if I have this right. AE66 was supposed to drive transformation, innovation and improved financial position. Instead it has delivered minimal innovation, nothing truly transformative to the industry, increased costs, decreased quality and... — read more
https://www.nationalreview.com/the-morning-jolt/why-diesel-fuel-costs-are-really-rising/ Great article on how recently closed refineries are affecting fuel supply. The article mentions Alliance - “Phillips 66, for example, would have to spend more... — read more
A Thursday 8am town hall meeting with mgmt on hand to answer questions afterward. 60-day WARN?
If they increase the amount of diversity training, that will help the bottom line.
Never lull yourself into a false sense of security. You're not safe as long as there's somebody in another country who's willing to do your job for a fraction of what you make. This has been happening for years and this will continue to happen... — read more
Most likely outcome: consolidate similar functions, and then solicit EOI due to redundancy. Finally a layoff to reach the reduction goal. IT’s attrition is better than expected lately, likely most people are waiting for EOI. The market could not be... — read more
Since layoffs usually come after a bad earnings report, what are the chances we're in for some cuts after today? I've been looking around and from what I can see, things are looking good ahead of the investors' call, but you can never be certain when... — read more
Communication? Flexibility? Technical knowledge? Networking? What do you think?
Winter is coming!
Why in the world would you worry about layoffs at a time like this? Things have never been better for O&G than they are now. Relax and enjoy it while it lasts (and it will last for a while, I think we can all see that). I don't understand people who... — read more
I have heard IT and Finance will get hit with layoffs. I have also heard Procurement will get laid off. Any insights to which departments will get hit with layoffs? I have also heard of more finance restructuring, not sure if that means layoffs or... — read more
This new guy isn’t great at keeping the bad news under wraps.
I'd like to know how the bloated middle management always survives layoffs? There are so many layers that could easily be removed and yet in 99% of situations, they're not affected by layoffs. Makes you think who really makes the decisions when it... — read more
That resulted in Valero's fourth-quarter refining margin jumping to $3 billion from $1.1 billion a year earlier, portending bright scenarios for peers Marathon Petroleum (MPC.N) and Phillips 66 (PSX.N) that are yet to report... — read more
I was part of the layoff earlier this month and another large portion of the employees are set to depart next Wednesday. A rumor circulating at the site is that Marathon toured the facility recently and is close to a deal on purchasing the refinery. ... — read more
I'm not sure what happened here, but where once you could be certain that hard work would result in career advancement now it's no longer true. That leaves very few reasons to remain here instead of looking to move to a company where I could move my... — read more