Thread regarding Chevron Corp. layoffs

2- in 2017 = 0 in 2017

With 15% force-ranked 2-, and most of the older 2- already laid off or early retired, the layoffs will start hitting a much younger folks demographic. If you are white male below 45, rated 2- and higher than PSG 24 , you will lose your job in the next couple years. A great way to reduce costs while improving diversity metrics.

2- is a deathwish. No improvement in future ratings will make a difference. I had gotten a 2- a few years back due to a racist supervisor when I more naive. I got a 2+ in a my last year at CVX did a great job, but even that didnt help me during the layoff. I was given many assurances as well. Don't believe any of it.

I'm pretty sure Native Americans were against diversity when you colonized their homeland.

There has never been any evidence presented anywhere, other than liberal propaganda opinion pieces, which effectively illustrates that diversity is good for a country , or corporation in any way. And lately, diversity, in many instances. has come to mean, More Mexican. That's not very diverse at all. And yes indeed, the mockery of the US immigration policy, the Sham, has been in place since Ted Kennedy's Abortion in 1965 which wreaked havoc on any semblance of a proud nation with immigration laws that are to be followed, as well as a Constitution, which makes America not only great, but unique. Without borders, and immigration laws - WHICH ARE ENFORCED, there is no America, or any other sovereign nation, as far as that's concerned. No, the term "diversity" has been around and used centuries before you were born, dillweed, but the recent abuse of the term in the corporate environment observed by 3myi is duly noted. Pick a different argument. You lost the last one and continue to lose.

Diversity has been a trendy catch phrase a lot longer than Obama's time in office. The right-wing blinders are strong with this one.

To the individual who posted the original comment. If I were you I would actively leave. In their recent SEC filing , Chevron stated their bonus multiplier was 0.75. If in a year the company TSR beats everyone else this is less than 1, there is no good future for incentive based pay. But the 2- is a deathwish. Regardless of whether it was a real ranking or not, I suggest you look to work elsewhere, there is some hiring going on. And as interest rates increase, retirements will increase.

To 3trp: you are correct. I know of a former employee who was told "you were a definite 2+ but I need this for someone else".

"Diversity" is only a trendy catch phrase that corporations are using in the last 5-7 years. Notice that's about the time Obama opened the flood gates of the third world scum into this country.

If you are over 55, get used to getting only 2 (or lower) regardless of your performance. Chevron uses this to facilitate retirement at 58. Chevron does a wonderful job on diversity until it comes to age. Heard this from a former HR person and saw it 2nd hand more than once.

Yea, but -cka is right on the mark.

cka..... what a nasty comment. I hate you. You're correct though.

Signed: 55+ year old with no job.

The fix is always in, 1iiz. If you're not in the clique or are not well liked, someone in charge will see you out of the company. Layoffs are opportune times for cleaning house and jockeying for a better position.

People knew in Nov 2015 who was getting ESP'd in April 2016. The fix is probably in again.

This posting is BS. Rankings are not released until the end of February.

I am in my mid 60's and have witnessed many ups and downs in this industry. I can tell you in all honesty to NOT believe what management says in an industry downturn. Yes, all of the major layoffs might be done with, but smaller cuts will continue as Chevron moves around money to deal with shifting priorities and unforseen political and global events. A handful of people here and there will not be of any big significance at the corporate level, but will be important within a BU in the current penny pinching environment.

@1isb, Do you take the CEO at his word? Not me.

OP you are safe. Lay offs are behind us as per CEO.

This is not the time to feel too comfortable. I sensed from the investor's call that the right sizing is not done yet. over 9K is not the end of it. Don't trust anyone. Generally, the layoff decision is based on

• who is after your job and how well he can convince the decision maker about the improvement in delivery of results

• the arrogant team leads who feel threatened by whether other team members are willing to lie and cover the failures

Indeed. Anyone over 55 is not only in danger of losing their job, but never being hired again (in the O&G or in another high pay grade job).

If you are over 55, I would be very worried

@ndd, I understand the OP as meaning he/she received a -2 ranking in 2016 (for his/her 2015 performance). I think everyone with a thinking cap knows the ranking for 2016 performance is not announced until late February or before the March 7th payroll check and salary action.

How do you know your ranking already?

In ETC they are forcing 15% 2- in 2017. Obviously so they have a group to layoff from