With more high profits I just don't understand the budget cuts and laying off contractors in many departments. Why continue to make life worse for employees when we have been put through so much since 2020? No wonder retention is a major issue here.
11 replies (most recent on top)
DEI will destroy society.
ChatGPT and AI are coming after all your jobs. Especially you work-from-home crybabies.
The MW way: record profits? Great! That means our cost-cutting is working. Keep up the good cost-cutting (oops! I mean 'work'). Low profits? Whoa! Time for 'enhanced' cost-cutting.
@1epi MW does not care about anyone adding value to the bottom line. That's clear by the way they fill positions. People with zero or little experience being put in positions simply because it "looks good". MW is fully onboard the woke train. He doesn't care what the company looks like after he leaves (performance or sustainability wise).
Oil prices have collapsed 25% in a year. If you aren't adding value to the bottom line, you may be out soon. Be prepared.
We need to spend to get more reserves asap…everything else is secondary. If we can’t find it we got to buy it! Permian is yesterday and today, we need a future!
Firing in any Environment
Because MW knows of only one lever to pull……layoffs. Look at his career.
Commodity business. Budgets always should be tight and challenged. Welcome to the real world.
You have to make sure that MW gets his salary increase and hits those numbers for Execs to get their bonuses too.......
https://www.bloomberg.com/news/articles/2023-04-12/chevron-lifts-salary-for-ceo-wirth-10-to-1-85-million-for-2023
Oil prices are down. We need to be able to be succesful at every oil price.