Seems excessive due to the recent Q1 profits, previous layoffs of staff & consultants, and current price of oil. Anyone understand the reasoning from Leadership for this ham fisted approach? Good folks will flee in the coming years if this is not managed correctly.
6 replies (most recent on top)
The company culture fosters submissive female behavior. If a female has a voice - that is a non-starter. When female employers questioned severance practices and packages, BP acts offended. Same lowered treatment given while employed marks that defiant treatment given by BP on the way out. All "legal" treatment often and a huge gap from what BP claims it stands for. No state should offered BP any tax advantages since BP pockets the money via reduced wages to women and lowered severance packages. #bademployer
4clc - they should begin by getting rid of clowns like you then use your severance to get an education.
Also BP will not honor the educational retraining! It is all lies!
They should begin with supporting functions such as legal since no matter what policies are created by the functions they are ignored. Why waste time and money. Seems a logic way of creating long term efficiencies.
BP a #bademployer. We can help people dodge the bullet by not even accepting a job offer from BP. As you can see BP layoffs people regardless of how the company performs. Just willy-nilly.
Top talent needs to be made awarded that BP as an employer will brand you as dismissed by BP when in really BP should be branded as #bademployeer. Not only BP does not honor the so called retiree benefits, BP also brands you as layoff.
After all the money paid in advertisement and on in-house statistical studies it is a shame that BP is unable to estimate workforce needs and resorts to mass layoff in reaching to the desired # of employees; attrition and turnover along do not even get close to the number BP needs.
Only excuse is bad management (is there any leadership that matters) and inability (lack of Excellence) to use the data BP produces on supply/demand year after year.
Flee now while you can because BP has not shown it can manage the company when it makes money or when it looses money. See how the big boys have their own severance contract. It is not simply practice at that level, It goes beyond. BP managers know the company will not take care of them on the way out. However, you will see how quickly BP finds funds to advertise at the Houston Rodeo or in Louisiana as a good corporate citizen operating in America. Of course at the cost of your confiscated compensation anyone can have a business. BP will not pay all your compensation. Do not report concerns along the way because management will make an example out of you and guarantee you receive a smaller severance package for speaking up. Go Our Code! and What BP Stands For!