I am getting a bit tired of all the folks posting how after 30+ good years they are so happy to be laid off with a year of severnce and that they can't wait to kick back and enjoy retirement.
Most of us who were laid off are probably in there 40s and 50s and still have 15-20 years of work to go before retirement, so we need a new job ASAP.
@3ebf I reread my post and I didn't do a good job making my point. The intention wasn't to be condescending or harsh but rather to evoke empathy for the people the OP was referring to. There have been a lot of good people who have put in a lot of hard work and service to this company that in years past would have been celebrated upon retirement but instead are now being shown the door ignominiously as if they had always been a burden and a blight on the company. So when I read posts that would at first glance appear to be insensitively gloating about their riches while drinking fine scotch as their younger coworkers are worrying about providing for their families, I tend to cut the posters some slack because I imagine that's exactly how I would feel.
@GQPIEuq-3jmx, No, not even close. But thanks for the pathetically lame attempt at psychoanalysis. Don't quit your day job - LOL! And I hope your little pathetic attempt to the tune of "they're all depressed and think they have it all figured out but they don't and I do" really helped you out and lifted your spirits and made you feel better than others, albeit on a false premise. Because if it didn't, you accomplished nothing.
I always felt that the "old timers" weren't bragging as much as they were trying to mask their feelings of rejection. Acting like this was somehow part of their master plan to get severance when they were going to retire anyway helped them deal with their sadness at being passed over and sent to pasture without any real thanks or gratitude for their many years of service. Otherwise they would never be on this site. ..
Don't know about deadwood removal, but one can guess in future rounds there will be very few volunteers to take a package.
Not much left??? You have to be kidding
Assume this last layoff is a continuation of deadwood removal. Shouldn't have much left for June reductions.
I know it feels good to vent, but these sorts of unpleasant exchanges really do no one any good. I lot of good people let go, and more to follow, including I suspect myself. It will be painful, but all will get through to brighter days. We are near bottom... And it will head back up. The retirement of so much talent will lead to a big shortage in a few years when production declines.
@GQPIEuq-yvq, I certainly do hope I get mine soon. My severance package with my pension. Some of us don't get that cushy sweet gift that other entitled types get and complain about it. Too funny! This is a great company compared to others, I happen to know first hand. You've been around a few years you learn a little bit, son.
I left Chevron last year because I eventually would have gotten whacked. I am 49 and started fresh. Yes it it scary approaching 50's. Time flies!
it aint over yet old timer,youll get yours........... soon..
@uoh - Everyone at Chevron gets 8% company match as long as they contribute 2% (4 * 2%). You're either a troll or don't have a clue about your Chevron benefits.
@GQPIEuq-kua - AMEN my hardworking brother. God Bless you.
I have been with Chevron for 30 years. I have worked very hard and have planned for retirement at a proper age (like all the advisors told me…with the exception of the ones that think you should work until age 70). I am thankful to have survived this ESP. I need every day of the next five years to be financially ready for retirement. I carried great empathy and sympathy for all my fellow employees this past week. Some made it and some did not. I offered my friendship and help to each of them. The age 30-something management believes the near-retirement folks should vacate and make room. I know because I heard it first-hand. It has been hard to watch the fear grow in the age 50+, wondering what the next 10 to 12 employment years will look like. Be kind to them and be happy for the ones who made it to the finish line called Retirement. You too will be there one day but you will not arrive without first living through fearful times like these. I have weathered more than few and never without damage. I work hard, I’ve earned my job and I consider myself both lucky and Blessed. I have no doubts that it is unlikely I will survive the next one but I will do my best until I am told my services are no longer needed.
@GQPIEuq-uoh, Well, you should have worked a little harder, stayed in school and gotten a better position, Then you'd be playing golf and living large with an 8% match! Can't say we didn't tell ya so!
Wow 8 % company match..i only get 2% match and I work for chevron too.You must be a higher class office worker who plays golf or go under the table for the boss . Us lower class downstream folks,who use our muscles and brains and making all the money for chevron right now. Its about time you snobby upstream people got yours,, no layoffs where I work,just rush rush rush. they tried to shut us down twice but now were making 23 million a month for chevron..
@GQPIEuq-gim, That sounds awesome, It looks like you have a bright future/retirement period ahead.
Oh my goodness Chicken Little got out of the coop again? Call Farmer Brown!!! LMAO!
It's true Chevron's benefits are perhaps the best in (and out) of the industry. Apart from excellent pay and family/work balance, it's pension plan (fewer exist each year), it's generous 8% match of the 401k, great medical insurance contribution, providing proper PPE, work tools and equipment, etc... keep in mind that YOU, the employee also are responsible for your financial future. Take advantage of being the fortunate few working for Chevron to save and invest well, live within your means, strive to pay off your mortgage and eliminate all debts before retiring. These layoffs are a sobering reminder that retirement is not always done in your own time schedule. But being prepared for any downturn should be everyone's plan, whether working in the O&G industry or not. I was laid off at 58 and with 25 proud years with Chevron. I worked on my plan to be financially independent about 15 years ago, when I "woke up". I'm glad I did that. When I was let go, I had just paid off my home after refinancing it only 4 years prior. I had hoped to retire on my time schedule in another 5-6 years, but the best laid plans sometimes don't work out. For those of you lucky employees still with Chevron, learn from this downturn and plan for your future. For those who were laid off before your time, best of luck to all. Though hard to take being unemployed and needing to work for several more years, surprisingly enough, there is life after Chevron. Often it turns out much better than you dreamed. Take the needed time to get it out of your mind and when ready, get up and go pursue what you want. Good luck to all. I've moved on after many months and decided to retire. I will try to commercialize my wood-working hobby and build fine custom furniture. I'm also perfecting a few gadgets I created to patent them and sell the rights to manufacture.
Remember that it is because of the generous retirement, 401k programs and the severance that many of us chose to retire early to make room for those who really need a job. Without these benefits, most of us would be working for quite a few more years.
hey, you wrote "I have 38 years, a big fat pension, a huge 401k, and a Sweet Severance and everything else and all you little young entitled butthurt deadwood millennials who have never been through 5 layoffs like the rest of us who paid our dues can kiss my chapped red worn out little sweet pink wrinkley depends protected diarrhea coated sissy A$$!!!"
YOU ARE GOING TO LOSE EVERYTHING VERY SOON!!!
STOCK MARKET IS GOING TO CRASH VERY SOON!!!
YOUR 401K WILL BE GONE.
INTEREST RATES WILL SKY-ROCKET!!!
ALL YOU SAVINGS WILL BE BURNED BY INFLATION!
THOUSANDS % INFLATION!!! DOLLAR WILL COLLAPSE!!!
AND YOU CAN DO NOTHING ABOUT IT !!!
hey, you wrote "I have 38 years, a big fat pension, a huge 401k, and a Sweet Severance and everything else and all you little young entitled butthurt deadwood millennials who have never been through 5 layoffs like the rest of us who paid our dues can kiss my chapped red worn out little sweet pink wrinkley depends protected diarrhea coated sissy A$$!!!"
YOU ARE GOING TO LOOSE EVERYTHING VERY SOON!!!
STOCK MARKET IS GOING TO CRASH VERY SOON!!!
YOUR 401K WILL BE GONE.
INTEREST RATES WILL SKY-ROCKET!!!
ALL YOU SAVINGS WILL BE BURNED BY INFLATION!
THOUSANDS % INFLATION!!! DOLLAR WILL COLLAPSE!!!
AND YOU CAN DO NOTHING ABOUT IT !!!
@GQPIEuq-kdm, most spoiled generation? How so? Please explain. Because we grew up with a work ethic? Because we didn't have things given to us? Because we didn't have cars, cable TV and expensive cell phones given to us and paid for by our parents, and if not, the government?
Pray tell us, please dear. how boomers are so spoiled after 35-45 years of being in the workforce compared to your 5, 10 or even 20?
@GQPIEuq-kdm, Don't forget about me, I am a Gen X-er and I have my piece and I'm set for life. I have seen many Millennials sit on their A$$es when they should have been working harder to keep their job or saving more and spending less. So do you know what I have to say about all of that?
Fvck You, A$$holes. I don't feel guilty for working harder why you all Fvcked-off.
Typical baby boomers. They got their piece. To hell with everyone else. Most spoiled and selfish generation America has seen. The millennials will be the baby boomers 2.0, only problem is there's not going to be any pie left.
Hey OP, ever stop to think the old timers have lived with that fear you speak of for their entire career? They've made it to the end, let them have their day, yours will come too. The OIl patch is a great place to work in good times ( usually when the rest of the country is hurting), and can be devastating in a downturn. Old timers feel your pain! As one who has long been retired, I can tell you, I've never recommended the o&G business to any young person. As we retire, know that many feel like survivors at the end of a long long road. God Bless you all!
@GQPIEuq-wom, I only wish I would die earlier, but I exercise 5 days a week not including the 2 days spent porking my neighbors hot blonde 41 year old sexy wife with a rack that goes on for days who can't seem to get enough, hence the side action required regularly. I think she also likes the sneakiness of it. It's never gonna end. My Cougar wife already has a free young stud boyfriend that she thinks I don't know about, she's very athletic herself. Pay for it? What are you, some kind of a sleazebag? What is it with these young boys and the older women I don't know. She has her fun, that's all that counts. I just hope that young dude would treat his future wife as well. Mine surely comes home mighty satisfied. Cooks, cleans and puts on a little sexy nighty. I am usually too worn out though. That heart attack for me can't come soon enough, pal!!! I'm getting too p--ped to pop!
Unfortunately for them, many in their 50's and older did not plan properly, have not lived within their means, have plenty of debt, and being laid off, even with a very generous severance, is devastating. (CVX severance and pension are of the best in the industry, BTW). On the Flip side, Many wise investors and frugal savers/non-spenders, in their 30's and 40's with much fewer years, are in much better shape financially, and are much better poised to get a job in another field or outside of the O & G industry. So, depending on your situation, and it could possibly be to hardships entirely out of your control (hospitalization expenses, illnesses, etc), The level of Layoff devastation, degree of pain imposed, can vary across the board independent of age or years of service. And in many cases it's the older folks who fare the worse when getting thrown out on the street. Not to mention that they are more afraid of what will happen. Young folks tend to have more of an "Invincible" mindset. Please be nice and considerate to your elders. Your parents and grandparents included.
I also have 36 years of hard work. Nice pension and a sweet 401k to match. No complaints. Chevron was great to me and my family. Yea - I got laid off but couldn't have been sweeter. I was ready and chevron gave me a sweetner to make my exit worthwhile. Gotta love the oil business!
Well darn, good for you. You will probably die soon from a heart attack, and then your wife can spend all of your money on a young stud boyfriend.
I have 38 years, a big fat pension, a huge 401k, and a Sweet Severance and everything else and all you little young entitled butthurt deadwood millennials who have never been through 5 layoffs like the rest of us who paid our dues can kiss my chapped red worn out little sweet pink wrinkley depends protected diarrhea coated sissy A$$!!!
To Euq-buk, this LAYOFF message board is the ONLY place most people have to vent. You just don't understand. Why are you posting here? It seems you are doing a little venting yourself. Lighten up a little. You sound bitter and angry, just like most people here.
After 30+ years with chevron - I could retire but not just ready to settle down to the recliner. Looking for meaningful work but the 50's and over group have a tough time finding work. Tired of hearing the whiners here regarding securing employment. Being 50 is a whole lot tougher than a 40 year old looking to make the rent. Whining gets you nowhere. Just do it.
Good post
You are right on with that comment. Many people with 10-20 years solid experience got axed. This is not the time or place to celebrate your retirement with the great severance package, pension or whatever when the very large majority of those losing their jobs are in a devastating situation. All of you 30 plus year retirees have no sense of empathy. You must think it is normal Chevron Way behavior. To the rest of you, just ignore these jerks.
you are right OP - I have plenty of time to work left in me. Now I am stuck in BFE without a job and 2 kids in college. I am sure I will get a job eventually, but the impact on my life and the lives of many others has been significant. The people that are happy to be retired with a year of severance should keep their mouths shut and stay off the posting board. If their lives are so great why are they trolling this web site, they should get a life and spend time with their families.