Thread regarding Noble Energy Inc. layoffs

Annual cost synergies of approximately $300 million

That’s management speak for a whole bunch of layoffs. Few of them will be at Chevron.

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Post ID: @OP+1645dfAe

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Keep your head down and work hard... and one day you too can become part of $300MM in synergies.

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Post ID: @tku+1645dfAe

Chevron was already letting go 6000 employees globally. Noble will be at the top of the list.

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Post ID: @jiy+1645dfAe

That’s accounting speak for massive lay offs and benefits reductions.

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Post ID: @ahe+1645dfAe

“Synergies” is corporate code for layoffs. It’s kind of like calling layoffs “workforce reduction”.

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Post ID: @jnb+1645dfAe

That’s right. “Synergies”. Management and TX based corporate staff are gonna take the brunt of this efficiency.

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Post ID: @pgm+1645dfAe

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