THIS IS AN IMFORMATIVE REPOST.....Thanks for the positive replies. Now is that so hard. Chevron should cut and paste that post...get someone with better writing skills than myself and send it out! How fing ignorant can you be to not even explain something so simple. Here is another nugget, and I am not sure many understand this....BCG is running this from the org chart side. Your VP at the BU is not only not in charge he has minimal influence with the ORG charts. Now what is in the influence of the BU/function/VP is who they pick for the 25% less jobs. As much bashing of BCG that goes on, and I will say it is warranted, BCG was very vocal on using the "Exxon Model". A ranking system to fill the org chart consisting of two parts. First part is employees experience and education. Trust but verify and names are removed from your GO-400. Second part to rank is how well does employee execute results. They go to your customer base. If your SC they go to the contract owners. HES they go to the field and ask the contractors, IT they go to you. Do you see why we did not follow BCGs hard sale. First I don't think we have the ability to rank the longest to shortest days of the year(plus many leaders do not have the expected educational background) and secondly do you know how dam bad leadership would look if we took a true temp of the customer base? Oh the "Exxon Model" was shot down so dam fast.....so there was a compromise. Let BCG reorganization the entire company( with the percentage decrease in employees given to them by Chevron) and then we will let Chevrons leadership fill in the box's. Under this system you will have 3 examples by October AMBU, CBU and project Alpha. The two that already went down are beyond bad Not so much the reorganization Two BY' s went to project performance teams for tighter accountability) but the leaders filling the charts in with there buddies. In AMBU CBU and ROM1 project Alpha no leadership changes! See nobody tales you that do they. I mean no changes. What a great scam....blame our failures on the market and keep your jobs and take it out on Middle management and below. Now I am one of the few that believes oil prices go back to 70-80 in 12 months. I could bore you with my logic but I won't. So I think bleeding stops next fall. The second round is all based on price of oil. If it's at 45 it fluctuates by BU and function but the average at P 45 for round 2 has been 15%. Again they have to wait foe 6 months to let the new org chart get maturity...fancy way to say....so people know what the f they are supposed to do. Now they did not run below 45. Or should I say I have not seen any future projections based on anything below 45. How they do this is a matrix. Chevron knows it's expenses both fixed and variable (they have payroll separate and it can be variable by shit canning people) and net income/cash flow. They have constants (things that they won't change, like the dividend and of course fixed expenses). I have seen different numbers on her but Chevron uses 350 million a quarter/1.2 billion a year for every dollar change in oil price. SO ITS PLUG AND CHUG AND CHEVRON KNOWS EXACTLY HOW MUCH PAYROLL THEY WILL CUT DOWN TO THE DOLLAR BY OIL PRICE. Now you know more than your boss or bosses boss...
10 replies (most recent on top)
The return key, how does it work?
Dangit. That should say Chevron needs to change to match Exxon.
$50-$59 = 20% cut
$40-$49 = 30% cut
$30-$39 = Danger. Lock the doors.
Chevron culture needs to change to match Chevron. Anyone ranked a 3 gets the immediate boot. 2- for a couple years and you get the boot. Constantly cut out the low performers.
I've seen some good people cut and some low performing friends of managers kept. it sucks and it's happening. Still seems to be no real accountability.
I would agree with your sentiment of oil prices going back up but I don't think 70-80 is the range. Probably more like 50's to 60's. Good post. I am glad that we have this board to turn to. There are many in CVX that are clueless to what is going on. If management is smart they would be reading all of this too to see what the employees really think. Hopefully, it can lead to some positive change.
Correct!!! Read ur severance papers!! U can not come back!!
If you are let go, you can't come back to Chevron. Right?
no way way your going to get back people that leave. They will move on just like in the 80's
I'm nobody, but I feel oil will climb at or above $80 sooner than thought. for the folks who got let go it could be great, re-hire with a bigger sign on bonus, no years of service interruption and a bigger salary. Or even better the day rates for consultants can go through the roof. Can't run a massive ramp up operation with 12 inexperienced people and a manager.
Hang in there peeps one door closes another better door opens
God bless
Leadership hates this board with a passion!
Ahhhhhh when I was leaving a meeting and one started about layoffs, senior leadership. Two VP's were chatting about that matrix the OP was talking about. I mean the same words! It was not clear to me WTF they were talking about. Now its crystal clear. The OP is spilling the beans I see. THANK YOU OP!