Curious if anyone knows what is going on. Heard MB may be moving on.
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Post ID: @1cqd+1gMYytDD: so what happened to MB’s large promotion?
It is supposedly coming out tomorrow.....Curious what it will be
Well, did this happen?
CVX should get out of the real estate business and sell off its office portfolio. Do full service leases on the space they need and get rid of CBRES entirely. Just think of the savings on people and maintenance costs on essentially empty buildings.
MB doesn’t like CBRES: understatement of the year! Unlike her predecessor, BH, who took the time and care to educate himself about BRES & how it could support corp, MB frequently strikes me as lacking not only knowledge but also caring about this side of the bus, based on former colleague accounts. Glad I am no longer in that mess.
It's a very big deal. JSM, BGF, Tahiti, etc. etc. Rocking and rolling. Read it and weep!
GOM is OK till 2025 or so. After that it will have 1 rig running for Anchor till 2028 and hence can layoff 2/3 of its workforce.
It will become what Covington was go shelf operations from 2010-15.
GOM is on its last legs. No more projects ahead and exploration has more or less ended. Chevron and others lost too much money there.
Uhhhh, GOM still exists. It's kind of a big deal.
We always had JJs position. There were only two OpCos not long ago. Then we ballooned to 15 BUs. Most gone now. We are really only Permian, Oz, TCO and Africa now. Rest is dead or dying.
SG retiring???? Bout time! Didn’t see any company announcements though????
You don’t need JJ’s position with only 2 Opco Pres positions……don’t see them consolidating to only 2 unless there is a bigger structure reorg coming say 1 year later when JJ retires and this is part 1 of a bigger structure org model change……
@2lnl+1gMYytDD that's just it. Management should think but they very seldom ever do.
If there is another major reorg im out of here. No way I am going through transformation part 2 and deal with all the chaos that creates. Executive management should really think about how the aftermath of transformation has gone before trying anything like that again.
SG has essentially been retired since he was the PGPA guy, which was largely a figurehead position since he had no experience doing that and relied on his team. The sudden surprise opening of his current role gave him a short extension until someone suitable could be groomed for the job. Could we reduce back to two OpCos? One for Americas and a second for Asia/Aus/Africa would split earnings about 50/50.
Heard we’ll finally see SG announce retirement. Who will backfill him?
Have heard similar rumors about org structures, and that there's concern within leadership about how much of a distraction it will cause. More selection events to come?! We'll see next week.
Major reorganization to come is what I’ve heard. Is there any truth to reorganizations in San Ramon?
Like all successful Chevron managers, she manages upward not down. If the bosses love her (and they do), she does well. Everyone below her has to just suk it up.
"MB due for a large promotion" your right but it is sad given her lack of leadership, inability to stretch beyond EM and her inability to relate to most of her employees. I really wonder when her brother's legacy will stop protecting and promoting her. We have so many more capable women leaders in CVX who are getting shafted because of folks like MB.
MB is due for a large promotion. You heard it here first.
"Legitimately on thelayoff.com" ... most already laid off lost interest in this site shortly after they exited, because they moved on the new endeavors (except for a few bu-t-hurt losers who just can’t let it go). Most who visit this site are current employees looking for rumors about the future, or retirees missing all that bs email they got when employees (maybe a few investor folks looking for hints of stock moves, but I think they are few).
Smartly done, I suspect you will end up having to show up in person, prove your value to the company, actually work for a living, or else end up legitimately on thelayoff.com, not just pathetically trolling it daily instead of working.
Makes sense to reduce costs of office space. Rather than having everyone with an empty office most days of the week, we should be considering a new model where the office is meeting rooms, shared workstation desks, and high value project common workrooms for longer term data layout. Rather than fixed days in the office (Tues-Thurs) the new model should be more flexible to just pull folks in for project collaboration days (sprint rollups or project focus realignment). Smartly done, I suspect that needed office space could be cut in half.
Could it be this is a way to move HQ to another state and sell off the existing real estate?
I heard that Property (buildings only) will be pulled out of CEMREC and moved to SCM and will be managed by a core SCM ops team. Technical facilities (i.e., Labs and refineries) along with international sites will go back to the OPCO to manage. It seems CEMREC does not like to manage the international locations because of corporate separateness.
This also makes sense given that no one is in the office. This way the richer the BU the more empty space you can have and the poorer the BU the more creative you can get with work from home. The OPEX savings alone can be put back into salaries to retain key folks that the poorer BU (IT and other support groups) are struggling with resulting in them losing people. It would also give CVX the opportunity to finally break up the admin team that manages buildings. These services could be easily outsourced like the rest of the world does. Plus it seems like MB really does not like CBRES so she may be pushing them out.