Chevron has fewer layoffs than most other O&G companies. Yes, they're not ideal but don't make the company out to be this huge villain just because it's doing what's best for the bottom line in the long run. Please, show me one major company that's never had layoffs. I don't think you can.
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We are making plenty of money and delivering a lot of value to the shareholders so no need for more layoffs other than to satisfy some strange need of our management. We are already plenty lean. Let's try something else.
Don’t need many in the home office if all you do is pattern drill shale.
@3kib, cutting contractors is the preface to layoffs. Same thing happened in 2015.
Been hearing about contractors that have been let go due to budget in different departments so we have to wonder what's next when there are no contractors to let go.
Y’all keep talking like there are layoffs happening now, but I haven’t seen any announcements. Where is it actually happening?
Layoffs are a fact of life. The IT people likes to complain about things at Chevron. Since November Meta has cut 21,000 jobs, or about a quarter of its workforce. Alphabet, Amazon and Microsoft have collectively shed more than 50,000 jobs since October. Even Salesforce has broken the “ohana” and laid off thousands. Grow up and face the real world.
Notice that senior management doesn't get laid off. All that vast expertise they have is required to run the company. It's a scam.
The OP is very off base. I've been through way too many layoffs here over my past 18 years. Our current CEO is especially bad about wanting layoffs and cuts. Why don't we layoff some of executive management's huge salaries instead of laying off more people in an already lean company? Maybe MW should take no salary going forward? Maybe lower the extreme amount of money going to shareholders and think about the employees for once. We have been through he ll and management still isn't satisfied.
OP can be the next one to go. Do it!
Let’s go!
Thanks! Let’s get a round going!
Layoffs need to happen to the top 25 in Chevron also. Never happens despite the fact there is a lot that needs to be let go!! Good all boys network when it comes to Chevron layoffs!!
20 yrs ago this company was all about how you treat others and Jon security. It’s funny how things change. Now there is not job security and it’s only about how you treat peers and you can test anyone below you like garbage and lay them off.
“under achievers”… not really as many times those left standing were just in the wrong assignment at the wrong time. Many times the depth of management analysis is so shallow it comes down to “there are two apples and two oranges on that team and one of each must be left standing”.
At least we can say those laid off were either burned out or otherwise under acheavers.
"Chevron has fewer layoffs than most other O&G companies": What is this statement based on? Not reality. I can not think of a single downturn that did not lead to layoffs and we had a few others to boot just for management's amusment!
The upside of yet another reorganization is that we could roll back this misguided Agile management philosophy. Our implementation of Chipdip (CPDEP) had its problem, but fundamentally the focus on a careful progression toward a decision gate was a better fit for purpose in our industry than micromanaged short sprints.
OP is clearly an HR troll assigned to counter all the bad coverage here. Here's one for you - Exxon. Yes, Exxon has had layoffs, but very, very few, especially compared to Chevron's regular occurrence. Also, if they had survived, Anadarko never had a layoff round. Sorry, OP, there are O&G companies out there with staffing and financial discipline.
As others already said chevron’s propensity for huge layoffs and systematic reorganizations every few years is a a clear indication of management incompetence. A well run organization has the ability to evolve organically whist also continuously trimming the dead wood. Chevron does neither well: Every new little issue generates new organizational functions while obsolete functions are never terminated. Using major reorganizations with layoffs as a general maintenance tools might make current managers feel important, but is counterproductive because it greatly decreases productivity and longer term morale. This in the end hurts the bottomline much more than any perceived increases in organizational efficiency.
Continued layoffs only show continued mismanagement.
A well-managed company does not resort to laying off staff, which seldom has meaningful long term bottom line impact. Layoffs show weakness because they are easy targets.
OP, take it from @vsv. Spot on. Few people on this website have been as concise and truthful.
Tender snowflakes
It’s not about layoffs. It’s about who they layoff.