Is it merit based or some other criteria (nepotism, age, something else entirely?) I'm hoping it's merit based, but my experience with my previous employers has taught me not to take something I consider common sense for granted.
So it would be good to get some info ahead of time, just to know how worried I should be.
Any good legal firms out there who specialize in layoff representation?
Looks like we might need to be asking how Occidental handles them now....
I would anticipate Chevron's PDCs working with key APC managers to determine which employees will get offers to join the combined Company. CVX typically will use this opportunity to rid itself of "2- & 3" employees and provide severance bonuses to employees who are terminated (including some who "volunteer" to retire). CVX will state that there will be no voluntary severance (but it happens)
Key decision makers in your organization will determine which employees are kept in the combined organization. If your relationship is bad w/ that key decision maker-------you are in a vulnerable position
Great comment below. It will be interesting to see how Chevron resolves the higher pay structures at Anadarko (salary plus annual bonus) when compared to Chevron.
Did they have similar challenges during prior mergers?
I.e. Do they bring the people in at comparable base salary with the understanding that they'll take a 10-30% hit after accounting for annual cash bonus and restricted stock (Chevron's bonus structure is much leaner)
Or do they bump the Anadarko people to higher pay grades?
Depends on if you survive the layoffs or not. Survivors always say layoffs are merit based and deadwood that gets et go always say it’s nepotism, age discrimination, anti-white people, etc. Basically any reason other than their incompetence.
OP. They will go through your org chart, pick what they still want, and let all the qualified people post for the jobs. Musical chairs style. I think APC people get paid more for the same positions that CVX has. Which will be interesting. I think they would probably let people go rather than let them take a pay cut. The bosses will think all you will be doing is searching for another job instead of working.
@ymv just said it all. I know this first hand.
YC3IlZB-pgg is right. My boss in the engineering department said, "We are here making money not for the sake of making oil". Times and times again during the past laidoff, those who are in the higher position, with the higher salary (more experience and service years) are the first to let go. If you are over 50 years old, you better make some plans.
Chevron has a tendency to favor family and friends during layoffs. The worst part of layoffs at Chevron is that the most experienced and knowledgeable employees are the ones that are let go. Go luck to the employees of both companies.
Chevron handles layoffs in a civil manner for the most part. Some people may disagree. We’ve gone through a few of these since 2001 with Texaco, 2005 with Unocal, 2015 & 2016 during the recent O&G downturn. It’s always been handled fairly well and improved through practice each time. Anadarko will provide more room for improvement, but don’t get overly worried. You won’t be blindsided.
I have to ask because your company just bought my company.
If you have to ask then you haven’t been around that long which means you’ll be the first to go.