When does JW confirm he is actually leaving? As far as I can tell there has just been a rumour he has been leaving. Is MW confirmed as his successor?
18 replies (most recent on top)
hvzn, No, not me. I was not laid off and my job is secure. Sorry to hear about yours. Good luck with your brown-nosing efforts to try and get your job back. Wear your pretty dress, girl.
From where I sit, gkmz, looks like you have already received your rude awakening. Now that’s sad.
gdfk, That's so sad, cupcake, that one day you will have to wake up from your dream - LOL.
The news of Mike Wirth becoming CEO is great news for me. I was laid off in 2016 and I now have a ticket back into the company with a better paid position than the one I had before. I have real dirt on Mike with proof to back it up. He will be getting a private letter from me very soon.
Chevron announced today that Mike worth will be the new CEO. All layoffs at all companies are filled with office politics and biased decisions. Those who claim otherwise are liars and have probably personally benefited from biased decisions. Just ignore them and their inflated sense of self worth and petty arrogance. These people know who they are, and many will have their own day of reckoning.
Today!
8pue, So your point is that they had to lay off the lower performers and also the higher paid people who were not providing the value for the pay that they were getting/demanding. Wow.
New to business? First time working since your paper route? I think that you may need to try using your own piehole for something else, if that's the magical inside intel that you have been getting from the koolaid that you're drinking. Feel free to make up some more excuses for your butthurt, but at least make it something that is not a normal, common, legal business practice of staff reduction.
Yes, the layoffs were bias, if you did not drink the kookaid you were let go. Period. We can argue all day. I saw the cost of projects and there were people that were let go within their budget. Others were keep. I was there and I saw it. So unless you have that information shut your P@@Hole. It was who you knew and who could save you. Yes, low performers were let go. However, this was based off how much Chevron paid you too. Regardless it was very bias.
-3mmc, No, that wasn't a "stupid reply" as you put it and nothing in your response effectively refuted the comment, which still stands as being quite true, sorry if the truth hurts. They tend to lay off the lowest performers but there are exceptions, in some rare cases. And then when they are gone, the next worse becomes the lowest left. That's besides the point.
I doubt that this will all be sorted out until the Board of Directors meets in late October
What a stupid reply. Top performers is a relative comparison. All of the current employees can be re-ranked and the bottom 10-15% laid off. And then of those still remain, they are re-ranked and the cycle never ends. In the real world, the vast majority of okay offs are due to project budget cut backs and office politics.
Get over it. Most people on here were laid off because they weren't top performers. Basically, they weren't good enough to keep. All this talk about layoffs were biased is baloney.
Well said 2diw. You're right on the money.
Most of the people on Lay off do not have a problem with the oil prices. It's the decisions made running our company that we are shareholders of. 1. Tax issue 2. The way the layoffs have occurred they were bias, good people were let go, when project managers were over spending their projects, I could care less who it is, just stay in your budget. 3. The dividend, who cares at the end of the day normal people do not go into debt, they spend what they have and what is for the greater good. 4. Yes we all have to make hard decisions, but when a ceo goes to play golf on the day of the layoffs, someone it out of touch. 5. They put all their eggs in the same basket, ran money through the Permian like water. Now we have 45.00 oil and that money is already spent. Markets are volatile we know, but sustaining 100.00 oil is not feasible for the middle class. We are the majority. 6. Fatalities in mid con, regardless of the circumstances, Mid con was able to sustain 0 fatalities. They let their knowledge walk out the door to save money. In reality you did not save money because we will have pay out these families, pay more in insurance costs and look a great reputation of being 0 fatalities. This is why there need to be a extreme change at the top. Make them accountable.
I'm amazed how many employees seem oblivious to the fact that if Chevron stock price plummets then their jobs will be in even more jeopardy, regardless of who is CEO. If the share price gets too low, someone will buy the company and the first thing they'll do is lay even more people off.
Exactly right op, both of them drink the same koolaid. As I said before chevron needs new life, psg. 27 and above needs to hit the door. Sorry Sorry Sorry, they are so out of touch with reality. Yes, op they sold Alaska and bought it back and sold again. I believe that was the story. They all need to get their heads out of the A@@.
Wish he was gone already. Was/is horrible as the CEO. The Dividend was most important to him. His bonus was tied to shareholder return so keeping the dividend was paramount. Regardless of high debt, fire sale value assets and laying off good employees. Mark my words in a couple of years CVX will be buying back into the some of the areas they sold and hiring people to fill the positions they laid off....what a disgrace he should have stuck to spreadsheets....
Nobody cares which turkey comes or goes.