Thread regarding Noble Energy Inc. layoffs

How does the re-org fit?

Presumably the most recent re-org was done with Chevron’s input or blessing. Then again, i could see NBL just winging it. Anyone have insight how the acquisition was considered during the re-org?

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Post ID: @OP+163ubAYz

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I'm not sure Chevron blessed the re-org. Its what often happens to boost the balance sheet....

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Post ID: @3wkj+163ubAYz

I find it hard to believe it wasn’t done without at least some level of CVX input. Re-pegs are a cluster f—, and throwing your organization into complete chaos before a merger seems like a deal breaker. Who knows what their long term plans are, but I’d wager this reorg makes noble look exactly how CVX wants it to prior to taking over

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Post ID: @lvk+163ubAYz

Most assuredly, the reorg was NOT done to help people get a job at Chevron, or to attract Chevron. Chevron has no interest in NBL people ... that is guaranteed. Wishful thinking if most people at Noble will have a job at Chevron. Over the next two years 75%, or more, of Noble people will be lost. Chevron is after FCF, to pay dividends, and people only drag that down. If you think Chevron is a people centered, people are our assets, human energy is a prime motivator, type of company, then you are, sadly, delusional. Chevron is no different than any other company ... management dream-up (or influenced by peddlers from managemnet consultants) ideas to “transform” the org or its people as a means of whitewashing their true intent ... get people to do more while costing less. Chevron is a good company with decent overall compensation ... if you can land a job there then great, but do expect to eventually get laid off before you retire, because, YOU COST MONEY THAT PULLS DOWN DIVIDENDS AND YOU ARE NOT A GOOD’OL CHEVRON BOY!

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Post ID: @jsi+163ubAYz

A reorg was the easiest way to do a multi layered lay-off prior to the big layoff come q4. Reducing low level supervisors or managers back to senior or advisor levels allows the employees to still have a possibility of a job with Chevron.

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Post ID: @msv+163ubAYz

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