Thread regarding BP PLC layoffs

Looney bin

Toxic culture and clueless leaders with no EQ. BL is out of touch with the workforce and operational risk is a afterthought since everything is agile. I hope my colleagues are not 100% invested in BP stock!

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Post ID: @OP+1mVASTkp

8 replies (most recent on top)

To Poster @4mmr+1mVASTkp:

This didn't age well, did it...

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Post ID: @1Gber+1mVASTkp

I guess BL was not “out of touch” with all employees…but very :hands on” with some

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Post ID: @1Fmjh+1mVASTkp

Agile...what a F-ing joke!

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Post ID: @rbzm+1mVASTkp

Looney is allright in my view. His ELT is generally of good quality so credit to him and while he may have not shown much growth in his role recently, I am relatively happy. I am not too convinced by some of the recent external hiring at SVP level though...not sure he's at fault there

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Post ID: @4mmr+1mVASTkp

The problem is that the expense cuts have been mostly to the detriment of risk management - the trading business revenues have tripled but no increase in risk staff. They are either very good, or very stupid, or both. The amount of operational, market, and credit risk the company is taking is eye watering. It works until it doesn’t then it will end in tears I am afraid. Pensioners should be most concerned. They have the former head of their business services group running risk management. You can’t make this up.

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Post ID: @3hko+1mVASTkp

Hello, level G here. Are you trying to say there will be another reorg? If so then when? I am in I&E

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Post ID: @3bzo+1mVASTkp

Hopefully another round of cuts.

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Post ID: @2yam+1mVASTkp

Agile has been the worst thing to happen to the company.
Yammer is essentially an echo chamber and not a reflection of what is actually happening.
Coffee cooler chat is our CEO got annoyed at his promised savings aren't coming to pass. No surprise when ReInvent didn't touch ways of working which was hard. They gave numbers out of the air which was easy. Going to be a rough couple of years of you're VP and above

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Post ID: @frt+1mVASTkp

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