Thread regarding Phillips 66 layoffs

Who are the defenders of P66?

Serious question. You go to most threads and see an identical number of down votes on all the comments, you get the odd comment about how p66 is great and we're all a bunch of bellyachers, how everyone needs to lay off such and such.

So who are you guys? Someone from HR? RLT? Some weirdly loyal pipefitter? Spill the beans.

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| 1583 views | | 10 replies (last November 27)
Post ID: @OP+1p8v7ba9

10 replies (most recent on top)

I have a deal for you. Reveal your name and position and I will do the same.

The reality is that you won’t. You are the whining minority that chooses to believe what you want. The company has changed and left you behind. You will be found out and then we will rid ourselves of you.

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Post ID: @Flan+1p8v7ba9

I don’t know if it made her feel big or not but I got the impression that the young woman who laid me off thought it was funny.

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Post ID: @aitd+1p8v7ba9

We’re having our benefits reduced, people are being let go, and as always it’s having no positive effect on the stock price.
All the bitterness and heartache is for nothing.
I don’t know: Maybe it makes the people doing the layoffs feel big.

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Post ID: @ajtm+1p8v7ba9

Agree, P66 beats most other companies in other industries but that’s the case for oil and gas vs. everyone else. The unfortunate part is our management is chipping away at benefits and offshoring a lot of good paying jobs because “transformation”.

Not that it matters, but ConocoPhillips has base 401k of 12% AND discretionary of 6%. Enjoying our business degradation!

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Post ID: @axfc+1p8v7ba9

Honestly, I am a “defender” of P66. I can’t “defend” the comments by others like you reference - the “stop whining or leave” type comments - this is too much. I also have a lot of complaints, especially recently, and I agree with most people on this site that Phillips 66 has made a series of very poor and short sighted decisions lately - -many of which have devalued morale and pay.

But, to answer your question. The real defenders of P66, the people who still have the best attitude, are the people who worked somewhere else before coming here. Phillips still has most companies beat in many comp and benefit categories. We also have new activity and acquisitions/build to give us new issues to work. We are not stagnant as a company.

It su-ks that success shares are gone - this is clearly only a negative for every employee - as it means less pay. This is not a positive change.

But a person who came from other industry (6% 100% match, no success share) has the perspective that our current 401k match still exceeds their former employer.

Public accounting, for example, is a variable match depending on year. So, you may get 20-35% match of up to 6% contribution. This is horrible compared to even our “scaled back” current program.

The point is, a long-term P66 employee compares to what they used to have. This comparison is depressing, as a lot has been rolled back and not replaced by something better. An experienced hire has the perspective of being somewhere else. It is easier for them to see the positive comparisons p66 presents.

My hope is they management wakes up, stops with the outsourcing and allows for reasonable resources. I
Recent history says this wont happen, but I hope!

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Post ID: @aebt+1p8v7ba9

They’re already gone to greener pastures. They’re letting us know we can do the same thing. We’re just biding our time and putting out the minimum effort it takes to keep a job. I don’t want to run off, but I’m late for my next useless meeting.

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Post ID: @2vhc+1p8v7ba9

“ We found other companies paying more, with better benefits and a culture of what P66 was in 2014!”

Yet you still are here whining… if the grass is greener go enjoy it

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Post ID: @2aqs+1p8v7ba9

Whine? As opposed to people that come to forums to defend the company instead of working?

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Post ID: @1vkq+1p8v7ba9

Not sure how much you paid attention to the company and politics over the last 12 years since P66 spun off from COP, but BT and Mackenzie has broken moral! I worked my A%# Off, got paid for it, but realized I topped out to the level below political likes. I spent 13 years with COP, then P66. I, and many other top tier coworkers lost trust in leadership since COVID shut down for three weeks. We found other companies paying more, with better benefits and a culture of what P66 was in 2014! Most comments on here that have detail are 90% accurate, the one liners are defenders of some department that does not want to explain, or does not work in Headquarters.

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Post ID: @1ffg+1p8v7ba9

Probably People who actually work instead of coming to a random forum to publicly whine .

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Post ID: @1ysb+1p8v7ba9

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