Thread regarding Chevron Corp. layoffs

Do not worry about layoffs, all will be fine

There will not be a PDC for 2016 and for sure petrotech bonus will be cut... Probably CIP as well.

Well said. You have a good attitude.

Thanks @3qrt. I am grateful to Chevron and the colleagues I worked with for 26 years. I'll remember my career with good memories. One has to embrace the positives and cast away the negatives in life and career to be happy. I'm more fortunate than many. Sometimes it's a question of attitude.

3jmt- you did well! Adopt me until this mess blows over. Kidding aside- congrats on your success.

Who says you must shoot yo the PSG scale so quickly? I came across this thread to my surprise. I have 26 years with Chevron. I was laid off this month at PSG 20 (that's right). I never felt like I was screwed by the company. My pension lump sum was $655,000 but my 401k balance reached $993,000. Do you think I did poorly?

How are you 28 years into your career with the company and only a PSG 21?

oh, 28 years with the company....yes, I imagine it would be hard to find a job somewhere else.

If you are 33, you think you are smart but nobody else does.

I am 33, I still think I am young

28 years with the company. Not 28 years old.

Hello....28 is not old

DWEP has been taking many of those must move expats already (30-40 at least) with more to come. DWEP is the only BU that still has some money and it appears as if the corporation is 'parking' bunch of employees there, who they want to keep even if there aren't any jobs for them in DWEP.

if you have downstream experience you may be able to get back into downstream, either with Chevron or another company.

Don't sell yourself short, there IS life after chevron. Even if your older. Believe in yourself.

Thank you for the reply, but I wish I was still a young man.

Too young to retire, but too old to work at Taco Bell.

To the OP, you sound like a bright young man who thinks things clearly and long range. I hope you are successful in keeping a career with Chevron.

Thank you for the replies. At this point I will be saying yes to any job that they offer in the ROM PDC. I am one of those people who has never worked anywhere but Chevron (I joined right after leaving the military), and it is really frightening to think of having to go somewhere else. I am even willing to give up my PSG and go back to being a refinery operator if I have to.

Are most of you highly educated engineer types? I would think that you guys could find work pretty easily.

The spring PDC is going to be a rom process, at least for upstream. The focus will be getting expats back to home countries. Problem is, there won't be as many jobs to go back to so many will be left standing. I hope expats have been saving their money because spring will be ugly. Get the resume ready and start job hunting. Hold on to your butts.

The overseas location could hurt, or help you. It really depends on the region. I know they were pushing expats out of the SASBU (South African) region, slowly trying to get them to become all Angolan passport roles. Other business units have done better.

There will be a Spring PDC, but it could (likely) also be another ROM cycle. The current layoffs were based on $60 bbl oil pricing. With WTI sitting in the $30s, and CVX already announcing an additional 6000-7000 layoffs to the media, it is clear what will happen in 1Q-2Q of 2016.

Very few staff were simply laid off. They were put through the ROM process, essentially re-applying for their jobs. Our group had about 600 staff, but only 280 jobs were posted in the ROM. Some felt the ROM process was an exercise in futility, as if they already had picked who would be staying or going. A lot of 20+ year staff were screwed at the end, getting cut before they hit full points on their pensions. Job security, and company loyalty, are both things of the past. If you are worried, start networking now. Get your resume freshened up. Start building your alternate plan, just in case you need it. Every month counts, in these times.