Thread regarding ConocoPhillips layoffs

@jdtm+1v8gq9zr The ESG gravy train is running dry. The tides have turned on wokeness and I for one am ecstatic. I was only waiting for DEI to tell us we need to put pronouns behind our work email signatures just a few months ago.

I mean, how much is spent on DEI practises, trainings etc etc. I suppose the company get the financial benefit from the trillion dollar investment cows via their ESG scores and such.

Let’s say goodbye to the sixties club riding the gravy train in Global Wells.

no more free sodas? :-(

How about eliminating useless positions filled with brown nosers given up jumped titles? Like director - some made up garbage? I know one in Rockies right off the top of my head.

Finish the job and quite pretending COP does Exploration. Big salaries not adding any value.

Package out the ge---r managers in the GTF who continue to undermine business value.

Get rid of middle managers who are too cowardly to hold bad performers accountable. If someone is not good at their job they need to be let go or demoted to something they can actually do. Instead, they are shipped off to big projects like NxtGen or pawned off on some other team who has to learn that the SGL 15 they just inherited is performing at the level of a 12. Too much of "not my problem" happening at COP and no one looking at the big picture.

Also, I'm confused as to how removing WFH is going to save costs. It will only drive out the people who can get a job elsewhere; people who are desperate to stay at COP are usually the mediocre performers and they won't be able to make up for the lost talent. I get there will be some savings on severance costs, but those will just get eaten up when we have to hire externally or bring back retirees as contractors to make up for lost knowledge. Ever since Concho happened this company has turned into a complete joke.

What quartile is executive comp vs quartile for average employee salary? Are we in the same quartiles?

What about all of the old geezers they have to bring back bc they bottleneck work and refuse to adjust to the current times.

cut ELT jets and have them fly commercial, not the fancy commercial either, southwest. No early bird boarding either, welcome to the C group. If you walk with a limp then you can preboard.

We’re doing all the right things, like canceling WFH and Jelly of the Month Club

Get rid of DEI. other companies are dropping that. Good opportunity to drop that nonsense. Look at the extensiveness of the DEI cr-p on The Mark. Lots of people with zero skills getting paid to push this nonsense. Also drop the Mark articles. How much resource is dedicated to keeping that supported and some employees wasting time reading the articles.

IT has a lot of fat to trim. Just take a look at the strategy and planning group… lots of I’m sure highly paid contractors and OCM people, yet IT’s OCM has only gotten worse over the past few years. We also need to evaluate EDT. How many POCs have we actually adopted, scaled, and realized cost savings?

We-ponizing data is the way to get ahead around here and tying your neighbor’s ability to cost-cut to someone’s bonus is an invitation for infighting. Let the games begin!

Costs that I would be looking at : cracking down on contractors hours (many of them work from home - why is this allowed? many participate in employee networks, attend trainings, ect. they are billing for that time), manor lake, leadership forum at the Houstonian every year, the excessive amount of branded window stickers and balloons ect. during united way, shuttle utilization, time spent in unnecessary meetings (IT agile)

What about ceo compensation as a % of average employee compensation. Is that in-line with peers?

Where does dei staff fit in? Is that value add? ESG as well. If we want to just focus on cost then let's focus on cost/value.

Take Tim leach off the payroll for one

Seriously, don’t drop millions into consultants’ pockets for them to deliver slide decks telling us what we already know. It wouldn’t be a positive for employees but don’t hand out 5-6% merit for consecutive years, renegotiate major contracts with vendors, optimize workover rigs etc. And FFS, did we really need to bring back the shuttle?

However we’re paying consultants to optimize. Ya they’re worthless

Lay-off the CEO

End WFH . . . . .
Wait, too soon?!