Todays DT&S Town hall announced a re-org. Question was asked about potential for headcount reductions. VP (CJ) answered vaguely enough to not confirm scope but stated it was likely.
Good luck everyone. Let the 5 year cycle begin!
36 replies (most recent on top)
@7isi KC is a dinosaur. probably time to retire anyway.
One of the FGP "superstars" , stood on lots of good people to get to current position.
Manager of engineering management......stab anyone to ensure advancement
Suspect SN will be rolling in soon to take over SS. Hopefully, he will clean house.
During last reorg...almost all of the chosen managers were usless backstabbing brown noserers. Set on taking care of themselves at the cost of any and everyone else.
We get what we deserve
There is a lot of unrest in CtC, since the last reorg. A terrible crew of managers were picked and things have gone down hill. Just look at the state of Subsurface, for example.
Good. Some of those folks have been skating for years acting high and mighty and delivering zero actual value.
Travel cost is nothing compared to over 8 billion over run in TCO FGP. The cost for the Thripple Clown [opps Crown I meant] is far more than it was advertised first. If they really want to cut costs, they have to hold contractors accountable for timeliness and base estimates, you do not honor scheduled time, you get penalized, your estimate is way off the final bill you get only base estimate, similar to credit card companies rules on late payment and fees.
"Cut travel ", always CTC's go to mantra, even though it as almost no real impact on the bottom line and hinders technology development and transfer.
Cut travel and its associated elevated costs. Have all CTC travel and associated expenses approved by the vp of the receiving BU.
All non BU related travel should only be at the employee cost, then see how many exotic trips are Required!!
Limit to “those that are closest to the wellhead”: Seems sensible until you realize that would result is a whole lot of misplaced wells and, for conventional reservoirs, dry holes.
It’s just too top heavy. It needs to be cut to the bare minimum and then give that coin to those who are actually making money for the company. Those that are closest to the wellhead and those operating and maintaining the equipment there and in our refineries. Other than the person doing the payroll, we can greatly reduce the numbers by 20k to 30k. AI will help with that eventually. Didn’t they say climate change will create thousands of job? You can go work there…
Billing rate is high due to too many managers. Just let the workers work and end the mindless middle management, VPs and GMs.
CTC internal bill rate is too high. Lower the rate, travel less and save us all.
The shareholders should demand management change. All the layoffs have wrecked the morale and thats damaged the company. Big mistake extending things.
@1shb
We were told theres no third party handling the layoff this time. All internal.
Exxon mobile still earns more per employee than we do. Sorry.
@1bqg you mean the same board that just extended MW's tenure? That board? LOL
Is all CTC impacted? Everyone in FDS I know is at full capacity, working all the time, and any lack of performance delivery is from unrealistic expectations having 3 people do a job that used to have at least 5 before the 2020 layoffs. A full scale ROM would be a stupid demoralizing distraction that will hurt the company culture & performance, and materially hurt the families of hardworking loyal individuals. This is a Lose / Lose.
Do the simple math. If an employee delivers 10-100x value their cost, cutting the team in half will hurt the bottom line far more than the layoff cost savings.
Sr. Management does not have a clue on how to run an oil and gas company: Hopefully the board will step in to suggest that this reorg needs to start with decapitation.
Amazing "coincidence" that since MW took over, there has been a layoff round / trendy acronym reorganization every 3-4 years. As others have mentioned, this is not how a healthy, strategically focused company operates.
Turmoil helps cash flow. All the performers (“doers”) are too worried about being placed for 6-8 months to get anything accomplished. The kissa$$ types don’t get anything done anyway and think they are safe.
Why take a company that’s making good money and constantly reorg/acquire companies for more than they are worth? That’s a clear sign of management that knows how to get promoted within Chevron, but could never actually run an independent business. Loser leaders will eventually turn a winning company into a loser if given enough time.
What a toxic company Chevron has turned out to be. Why not direct our efforts into finding more oil or getting FGP started. Horrible decision, huge distraction.
Is this going to impact CTC only or is this a company-wide reorg like in 2020?
Maybe most useful to just focus this reorg on 26 and above, with the goal of cutting management by 50% to flatten decisions so that the doers can get on with getting the job done. While we are at it, roll back the entire make more work Agile nonsense.
Centrally, we are already far leaner than all our competitors and have already cut into the bone at the last reorg. We could do far better on large capital project discipline at all phases. Don't punish the whole org for major capital project decisions that were set into motion years ago.
Management should be embarrassed with the constant layoffs. MW's legacy is layoffs and destroying the employees of a great company.
They didn't announce a reorg for all of CTC, only parts of it. Many there are already overworked to the bone.
Many SME’s who are mid to high performers are very tough on themselves. They would end up being safe, but the dragging this out over several months will cause great stress on them and many will self select out. Low performers will expect it and not do much in the interim. There were 3-5 year projects just being setup, and this could undo all that work. Not much time of healing since the last one and Covid.
It’ll be McKinsey this time. BCG was so last re-org.
Happy Hunger Games!
Totally exhausting. Is BCG involved? They make a mint off us, an arrogant bunch. If they are that good, why do we continue to do this over and over again!
MW only knows one lever to pull.
Happy I retired in 2000. Good luck folks!
These continuous major reorganizations are a demonstration of continued management incompetence. A well run company gradually evolves to address new challenges rather than having disruptive major reorganizations.
CTV???? The org has 50 some employees. They are trimming the bone now.
How about other places?