Anyone else feel like either a reorg or a layoff is coming? I can always stay busy, but it seems that managers and leads are handing out a lot of work of questionable importance just to appear like the team is really busy. Makes me wonder if the managers themselves don't really know what's around the corner themselves. It's unnerving. Who's running the ship?
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MW has had his eye on Exploration since day one. He has sort of humored them but refused to lease anything new except at ultra low cost and when shamed into doing so by competitors (e.g. GOM, Brazil, Mexico).
You know SR is already working on a seriously down-scaled Upstream, with Exploration about to go the route of the dodo bird.
A Titanic analogy, Chevron, like every other multinational oil company, just hit the Green iceberg. Right now, everything might look good, but you'd really have to have your head buried in the sand to think that everything's going to return to 'normal' (i.e., the 'good 'ol days'). Right now, Captain MW and his crew are trying to figure out 1) how bad is the damage, 2) how much longer can we stay afloat, and of course, 3) what can we sell off to keep paying The Dividend. If you only need about 10 more years to make retirement (or another career), you're fine. Otherwise, get set for miniscule raises, no promotions, forced career re-direction, manufactured social trendiness, and ridicule from the public.
If you work in exploration i would be worried
Fake news! Not happening i. The next 2 years or so. For now WTI is about $70 and will most likly reach $75 before 4th of July and will hover aroumd that for the remaining of the year. You might see some hiring and expansion but no layoffs anytime soon.
Oil and gas prices have strongly recovered and future prices remain bullish. The post void economy appears to be bouncing back, along with demand for oil and gas. Any O&G company that would have a layoff under these conditions would not be considered the sharpest kn--e in the drawer. Maybe you are just being paranoid.
CVX has no regrets about who took EOI.
CVX has realized that they let the wrong people take the EOI or were forced out. Now they are in trouble.
Depends. Are you in a BU or Support Function.
Most would agree that it would be good to put 1zig out to pasture.
With upcoming retirement of a big chunk of the Upstream top deck, who are going to be running the remaining Upstream BU 5-7 years from now? BK, JB, BK, CP, JK, MP, ML?
@1fye, Yeah, but that would also require that the millennials have the ABILITY and skillsets to take over, which is not reality. So much for that plan, ROTFLMAO!
If it wasn't for Covid and the forced green transition, there's actually a chance this reorganization would have worked (i.e., retire all the Boomers and let the Millennials take over). The green transition is going to require a wholesale reorganization of Chevron Upstream sometime in the next five years, or sooner if MW jumps on board with what Shell, BP, Total, and the other European companies are doing.
Seems possible. Certain levels of the org are swamped, and others aren’t doing much that’s value added. So who will they send in to run the clean-up reorg?
I feel like the exact opposite of that.
Well at least we have a an actual layoff topic to talk about. Anyone? anyone?