Thread regarding Marathon Petroleum layoffs

More Layoffs ?

Rumors of a next round of layoffs coming. Can anyone confirm?

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Post ID: @OP+17kMHNM9

4 replies (most recent on top)

Expect more in the first quarter. Good luck friends.

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Post ID: @ctvv+17kMHNM9

Rumors are the week of the 19th to the end of October - just in time before the (awful) 3rd Qtr earnings are released - that the second wave arrives. Here is when the silos will be torn down and the reorg takes shape. Of course, it makes no sense to shed 2,000+ employees yet keep the same, inempt management in place. The next round of cuts will be smaller but focused on the supervisor to senior manager roles, Other changes might be shedding the retirement plan and enhancing the 401K. Or selling off smaller units. Will be interesting to see.

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Post ID: @7bsk+17kMHNM9

Org charts haven't come out at GBR yet.....has anyone heard anything else about this potential second wave? Someone in another thread mentioned a second wave to eliminate middle mgmt may come Oct 19th..

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Post ID: @5jqb+17kMHNM9

Probably because Exxon and BP have already cut 20% or more of employees. Their first wave was performance based and did not include severance.

I left the company last year. Did the new org charts come out yet?

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Post ID: @1ppa+17kMHNM9

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