Thread regarding Chevron Corp. layoffs

@21rn. Preach brother. Every board has the same posts... it’s a wonder this industry has produced a single barrel of oil since all the “experts” were canned back in 2015 and 2016.

Everybody always has an angle about the decisions for layoffs are not fair and it’s only the connected people or axx kixxers who get to stay, blah blah

the ones who work hard & have experience they all get laid off blah blah

Complete bs, Self pity and a victim mentality will get you nowhere

1 and 2+ rankers are not high performers.

@1cbp, It's simple for you, which is quite telling by your post. Just look in the mirror.

If you dont know what a low performer looks like then you probably are one.

Chevron got fat and inefficient during the high oil price era. A right sizing was inevitable. Alpha did not go nearly far enough and thats why we have to do it again. My worry is that we will not cut the right people. Need to get rid of any many middle managers as possible. Also get rid of any champion, consultant, advisor, etc. Slice TD spend down to projects that have a near term business impact.

Low performer? How is that defined? A person who worked 50plus hours a week and constantly delivering but classified as needing to be more diversified in his social participation is considered low performer? It is interesting to see how people think they are high achievers just because they are actively involved in the social activities with mgmt.!

So sad but true... those that know what they are doing and work hard will gladly be pushed out the door to save those who are connected, post on workplace and spend all their time at network events .... I’m a goner

I like the idea of voluntary salary cuts. Sort of like United Way donations. Who will be first?

It's interesting there seems to be a fairly common perception among many commenters that, by and large, primarily poor performers will be the bulk of layoffs. More likely, those who are not "connected," including many strong contributors, will comprise a large number of layoffs. Chevron values networking (or, more aptly named, "snaking") over plain old work.

Doubtful that salary cuts would be the approach taken. Easier to layoff weak performers. Trim staff based on functional transformation, upstream evolution, EOI, and several other broad "doing more with less" actions already underway. Must remember, the enterprise had the ball rolling, albeit ever so slowly, prior to Covid-19 and the OPEC + issue ever raised their ugly heads. So those efforts will continue at an accelerated pace with increased enthusiasm and a greater focus on leaning out the enterprise. Salary cuts could come at some time but its not highly likely. Plenty of room to trim first.

What makes you think Chevron is interested in saving jobs?

Oxy is way more in a pinch then Chevron. They have enacted “the poison pill” and reduced the dividend among many other things to make up for the mess that “the leadership” has placed them in. Chevron will wait for a little while to see if the budget cuts will make a difference and how this whole oil flooding by the Saudis and Russia plays out and the timing. All that can be done by the workers is continue to do your job and take it one day at a time.

*who

Cut my salary to keep paying a low performing employee that is coasting at work? Hell no. Let the ones you deserve it stay.