I see that there are those here who think that Chevron will soon find itself in a situation where it has to start mass hiring again and fight for those that were previously laid off. What makes you think so? Are there any valid arguments for such thinking?
I would love for that to happen, but I am very skeptical that it will happen. If that happens, I don't know how successful Chevron will be in bringing back the talented people they got rid off.
7 replies (most recent on top)
I could see us needing to hire but only because of inefficiencies. There are so many examples of us doing business with ourselves. ImagineIT is a great example of how to make a process overly complicated which requires more people to achieve a simple objective. If Chevron took a page from Noble’s book and used less suppliers and customized less programs, we wouldn’t have to do all of this work. Our contract process is another example. “Simplify” is a perennial opportunity on the employee survey, but nobody makes sweeping executive decisions to say, “No! You’re not going to create one-off solution for everything.”
Regardless of what impact Green has, in the short term (<5 yrs) there will be a shortage of oil and gas due to the lack of infrastructure and exploration spending the last 6 years. Expect another drunken sailor hiring binge, but mainly in production- and UCR-related jobs. PEs and FEs mainly, not geo-types. As for the chances of those laid off being rehired, most were mediocre and the good ones have already signed on with other companies. The vast majority of those laid off and retired the last few years have moved on to something else, so expect rampant headhunting and university hiring instead. After about 2030, though, the Permian will be in steep decline and Green will have taken its toll, the industry will return to terminal shrinking. Sorry, as far as staffing is concerned, the oil industry peaked around 2013 and will never reach those levels again, unless you start counting solar, wind, and battery people.
If Chevron has to go through a mass hiring cycle like Noble did in 2009-2012, brace yourself for a crop of "winners". Not many still standing from that era to say the least!
This is a declining industry, where profit margins are becomi g smaller due to pressure from regulators and clean energy lobby, so expect more layoffs and less net hiring in Europe and North America. By 2045 the total workforce in North America will be half of whst it is today.
it could happen and has happened several times, although for field based positions mainly and the returns are on a contract basis.
Only 1 in 100 laid off employees will ever find a place back at Chevron. If those are odds that interest you, keep applying for a job there. Truth said, the job you apply for will be with a hiring manager that never knew you, so when they find out you were laid off, they will automatically think you’re not worth considering. It’s simple human nature.
Maybe in particular specialty areas, but much of the work being farmed out to managed services will not be coming back.