Thread regarding Chevron Corp. layoffs

A word of advice to management!

We don't envy you. You have a gargantuan challenge in your hands. But it was your doing that you have to undo! Good luck in that.

But don't mess it up further. First of all, don't cut or eliminate the 8% 401k match. And don't cut or eliminate the pension plan. That is equivalent to an acroos the board salary cut for everybody.

You have many other options at your disposal before you have to resort to the above:

  1. Ask yourself if you all desrve millions of dollars in salary. Accept a salary cut for yourself and be honorable and fair for a change

  2. Get rid of the high-flying expats. Bring them back to their home countries. Reduce the extra-generous premium and other lavish perks.

  3. When the company does not perform, it doesn't deserve an incentive payment. Eliminate it until the company gets back on its feet.

  4. Act quickly and get rid of the fat in various BUs. Dont hide behind acronyms like RAE, ROM and RIF. Be a man and do what you have to do.

  5. Cancel those expensive LNG projects like Kitimat. Stop this love affair with LNG and other monster projects

  6. Get creative, use your brain, get rid of bureaucracy, get rid of these endless processes, endless acronyms, reviews. Emulate Exxon shamelessly. You can't afford any pride or individuality at this point

I hope you all read it and think about it and act on it.

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Post ID: @OP+DkdbRDQ

10 replies (most recent on top)

oooooooh you little poor baby child "Anonymous148503" .. You will grow up and learn one day what "been through layoffs" means! So sorry dear. With that level of command of the English language and workplace terminology, we probably will not miss you after this round or even notice that your desk is empty dear since no work was getting done there anyway. Keep your head up though! Maybe you were simply not cut out for this type of work. There are other things that you can do outside of O & G. I read that Chipotle Mexican Grill is hiring. Again, keep your head up, sweetie!

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Post ID: @6hro+DkdbRDQ

Anonymous148503

If you have been laid off 5 or 6 times it probably means you suck at what you try to do. You should consider another line of work because this oil and gas thing isn't working for you.

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Post ID: @5bv9+DkdbRDQ

Wow you guys have high paid executives? Gosh, Imagine that! Poor little anti-capitalist liberal babies! Don't know how corporations work? I suggest that you go work for a non-profit..... 8% 401k match, slightly below or equal to other companys' pay along with unsurpassed benefits plan and pensions. Tell that to all the people who have lost their jobs recently at CVX, Shell and COP. I promise to cry you a river. Come back and post after you've been through 5 or 6 layoffs and have grown some nads!!

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Post ID: @1xLa+DkdbRDQ

Anonymous148221 - the 8% 401k match and pension plan were a big reason why I choose Chevron over other companies who offered $20,000-30,000 more in salary but did not have such a generous retirement package. Chevron is paying average or slightly below average at best compared to other companies.

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Post ID: @qvR+DkdbRDQ

Anonymous148221- no, not because we're entitled but because it would be an 8% pay cut across the board except to the highest paid employees in a company where the executives make EIGHT FIGURES plus bonuses while leveraging our company full tilt. Anonymous148221- it's also ironic that you're being really childish in your immature post trying to call out a generation which I'm guessing you are not a part of and probably claim to be more mature than. If you have a problem with a millenial, go to them and have a conversation about your beef (rather than anonomously ranting on the internet about them) and you'll be pleasantly surprised with how well they take feedback. To the OP, your advice is spot on. The atmosphere is so awkward, like parents going through a messy divorce without telling the kids anything. In our quarterly safety meeting the VP said we could ask anything about the rumors. But nobody has the balls to ask, and the leadership doesn't have the balls to lay it on the line in the first place.

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Post ID: @FeG+DkdbRDQ

I liked your post, OP. "Be a man and do what you have to do". That's what this company and management lacks. Exxon philosophy cuts to the chase. Chevron is good at having weeklong process meetings and all that crap without actually getting anything done. Keep talking about focus decisions analyzing things to death, and lose focus on execution. That's Chevron.

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Post ID: @LS5+DkdbRDQ

Oh dear, please don't cut our 8% 401k match entitlement that we entitled millennial types are entitled to just for being so super AWESOME!!!!!! We are so awesome and special because we work for a major instead of in the real world(consultants, contractors, everyone else who actually WORK for a living) where 401k matches are 2% and now 1% or nothing because of the recent oil prices and O & G crash in all areas of spending, but for us entitled privileged few, we still want our 8% because we are special and born with rights, like free health care that professionals who gave their life to their career have to provide. Please keep us spoiled brat CVX employees spoiled with our entitlements from the profits of the company that we parasitically leech off of (O & G profits, royalities, etc) instead of having to work in the real world and produce something on our own.

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Post ID: @KTP+DkdbRDQ

I have to say, it sure would be nice (much more repsectable and valued) if management would just call it like it is. I see, hear, feel and smell cowardess and spongy positions from leadership. Few I have heard speak out in any truths, facts in meetings, has any spririt, pride or confidence. Leaders need to be strong and cut the mealy mouthed soft language out. The industry is in a bind and people will be cut. Poor decisions and poor execution come into play as does the price of oil in a major way. Everyone can look around their department and see inidiividuals who don't truly add value or make the grade. Now is your chance to make a difference and undo many of the favors, nepotism, and release the warm fuzzy bullshit hires out of the system. They did not deserve the job in the first place. Good bye and good luck. Get back to business and drop most of the West Coast philosophy. Make money, put barrels in the market and grow strong once again. Rockefeller would hang most of these cookie eating, limp noodle managers out to dry in a heartbeat. Watson and all the leaders should make no more than 1 million each, the rest purely based on financial performance. You suck, you loose, then you go home. You rock, you then you bank millions. End of story.

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Post ID: @5XS+DkdbRDQ

I am in favor of sending back the expats. We have many expats who are on development assignments, and the funny thing is that some of them have been on these development assignments for years. Isn't it time for them to go back to their business units to apply what they learned? Also, bring back those US expats who are managing the various failed projects around the world. Their bad decisions are what got us into this mess. Enough with the free boarding school ride, housing allowance, paid R&Rs, company car with driver and generous premiums.

Yes, please, let's reward true performance, and our executives haven't earned their stock options and their high salaries. Is there anything that we can do, as stockholders, to initiate these changes?

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Post ID: @kad+DkdbRDQ

Anonymous148159 you advice is good, solid, simple, and complete truth. But it will fall on deaf ears or worse raw feelings touted on management's shoulders. In reality many have the same advice to offer that you do and it is sound business practice from days of old and in some very few current companies, but Chevron management has sold its soul to the god of special interest, greed, status quo, good old boy/girl, better than thou, and diversity groups so for any manager to divert from this path it would be counted as heresy among their peers, and image is worth more the them than gold; therefore offering such advice will little or no fruit. Unfortunately this corporate case of the flu must run its course, with completely innocent employees paying a heavy price, before it can get any better. And maybe, just maybe, those of us who share your view and possible business ethic will have the chance to make the necessary repairs after the smoke clears and raise this company up to a level of capability that we know it can achieve...without rolling over other like a tank to do it.

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Post ID: @4PK+DkdbRDQ

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