In record year of profits, Exxon, Shell and BP payout 13 month salary (8 to 9%) in addition to regular annual bonuses to offset the pain of inflation. But not Chevron. There is nothing that MW hates more than to give employees extra money. What gets MW excited is cost cutting. And that is whats on his mind after a record year. MW only thinks in the billion$ when he schemes up cost cutting measures. It's official, 6000 contractors are being let go in 2023. And if need be, he may reduce the employee count down from the upper 30 thousands to the mid 30 thousands. A 1.6 CIP is all your getting in this record year. Instead of a 1.9 or even 2. To be announced next month. You won't see higher than 1.6 with MW. Not until NH takes over the controls of the ship. Enjoy the ride
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When you just got layed off, how important is all that? I AM enjoying the ride, happy as a clam and still getting a paycheck, thanks!
Fake news. No 13th month bonus at Exxon. What a load of cr-p.
@atb+1kJu1t5L I'm guessing you are one of those DM kind of people?
If only the leftists hadn't made unions such a greedy haven for loser racists. This would be a perfect time for a bit of organization on the part of labor.
If only the right wingers hadn't made unions such a non-starter. This would be a perfect time for a bit of organization on the part of labor.
Big Mike going to swing the axe again baby. Coming for you OP. Axeman Cometh!
No one is leaving in this condition now…we will just keep utilizing life support until someone decides to “pull” it!
@tnu. there are not many 26-27 to move the needed in the employee count. They do move the needle in the overall employee cost given the high compensation. If the target is # of employees, the cut has to include majority in the lower ranks.
An EOI with the 2020 benefits would be amazing, even with the horrible interest rates we see today, crushing the lump sum.
@tnu+1 - juicy! How long and EoI or just layoffs? Please let us choose to leave!
35,000 employees to run the company is MW's target. They are waiting to see how many worn-out PSG 26 and 27 employees retire. If that doesn't bring it down to 35K, get ready for layoffs