Thread regarding Phillips 66 layoffs

Major layoffs coming Aug. 8

In Houston and Bartlesville.

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Post ID: @OP+UrDE8Uu

31 replies (most recent on top)

wrong again. you guys are amazingly bad at this.

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Post ID: @cvnyj+UrDE8Uu

P66 is a loser company with a loser culture. An also-ran that gets the leftovers and pays them too much. Entitled. Lazy. Incompetent. Political as hell. LOSERS.

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Post ID: @7Dxgm+UrDE8Uu

Why in the world would a member of the TMT share any of that info with you?

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Post ID: @luck+UrDE8Uu

The TMT said if his key employee's spouse was laid off at COP, there was too much risk of losing that employees so open positions were held even though they were posted because the spouse had first offer on them. It's on the TMT's worksheet of open jobs that are posted and unposted with the list of candidates next to each job based on ranking of offers.

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Post ID: @fjkf+UrDE8Uu

Well that sounds like total BS to me. The companies split over six years ago and you really believe there is an arrangement like that in place? That's not to say an opening wouldn't be found...but required? Not likely.

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Post ID: @fgls+UrDE8Uu

Expect several to be let go around the time ConocoPhillips completes their layoffs in September. According to one TMT, a key Phillips 66 company employee's spouse losing a job at ConocoPhillips would require Phillips to give an opening to the spouse before internal applications or external applications. New rules allow spouses to work under the same manager as long as a different supervisor is over both spouses.

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Post ID: @dyad+UrDE8Uu

You can bet your last dollar that no supervisors were let go!

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Post ID: @dxbz+UrDE8Uu

Not necessarily. If you're over 50 get your finances in order, begin looking at potential alternatives, and avoid major purchases if not needed. The package is not bad, so just know when it's coming by watching this site.

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Post ID: @buzf+UrDE8Uu

So I guess anyone over 50 will be let go in the next 6 months. So we should all pack up now ?

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Post ID: @byzq+UrDE8Uu

Got hit on Thursday. Please let anyone who's still there who's 50+ to watch this site over the next six months. Thoughts and Prayers to all affected.

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Post ID: @bzvr+UrDE8Uu

Travel department eliminated in favor

Of AmericanExpress Travle

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Post ID: @9uyq+UrDE8Uu

Yes for Bartlesville. Facilities got hit hard. A few in IT. Probably 50 people?

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Post ID: @8weh+UrDE8Uu

Many have been let go in Houston this morning. They are giving a severance package.

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Post ID: @8vne+UrDE8Uu

So has the date changed again ?

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Post ID: @8ucl+UrDE8Uu

I heard tomorrow. I think G.G. Is right.

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Post ID: @8oxa+UrDE8Uu

Well...this didn't happen. Do we just keep updating the date until it does?

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Post ID: @8kqu+UrDE8Uu

Where are the layoffs people. Haven’t heard of any....

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Post ID: @7mrf+UrDE8Uu

Not the entire organization, but a massive percentage of it.

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Post ID: @6emr+UrDE8Uu

350 in Finance would be the entire organization.

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Post ID: @6org+UrDE8Uu

What is the source of this information?

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Post ID: @5gqr+UrDE8Uu

Getting rid of the rest of the old people who aren’t retiring is the goal. Out with the old and in with the new is the new way.

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Post ID: @5fxp+UrDE8Uu

I want to understand how we can justify laying off? What exactly are we trimming for? We just received 2.7 BILLION back in taxes from the Trump plan. We had adjusted earnings of 1.3 BILLION or $2.90 per share. We've put all this money into stock buybacks... Our stock is over $120 per share now. What is the justification? What's the purpose?

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Post ID: @3xkx+UrDE8Uu

I heard the 9th. I know Finance, Procurement, and possibly IT will have people laid off. Severance will be given.

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Post ID: @3cqx+UrDE8Uu

Any idea on departments ? Severance ?

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Post ID: @sux+UrDE8Uu

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