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