PIP target close to 20% this year due to much of the more qualified Pioneer staff taking the positions of what’s left of our atrophied engineering staff. It’s not only BTC and KL we must worry about.
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Joke is on Exxon. No one from Pioneer is coming.
Now the Pioneer folks will know what their previous leaders got them into
52 here... Please PIP me 👍
NSI rate of 20% would have to be reported to Texas Labor Board as a layoff.
EM stays around 8% for PIP to disguise the layoff enough to not report and to stay out of the national press coverage.
Please troll. EM would never keep Pioneer engineers over EM engineers. That being said I do expect them to get rid of Pioneer engineers just like they got rid of XTO engineers and Bopco engineers.
57 here… please PIP me 👍
Buckle up!
BS fearmongering given that the Pioneer deal may not close until after performance assessments are done. And, they’ll want PAs for the Pioneer staff before using the ranking system to cut staff without layoffs.
Now, NEXT year or the year after that, you might have cause to worry about a higher NSI target.
And this year, they might go through and do redundancy, structural cost saving studies, but these would be more like layoffs.