no work, hard to get fund from BU's that are all under strict budgeting. layoff coming?
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Lots of smart people there but unfortunately management is very technically weak and mostly driven my billables / cost recovery. The quality of the work and value generation is a lower priority.
This one of the brightest most valuable groups in chevron but people are too ignorant within the organization to see it and will end up Farming the services out to india. Enjoy your middle of the night video conferences from houston
@1itb, Its true R&D is important to stay on the cutting edge, but lately in the past 5 years, ETC has spent too much on “research” and has fallen behind on development. I’d say they haven’t been doing much real research at all, not in terms of it paying off. The people in ETC are mostly smart, but it’s either management or something else in that organization that’s holding back forward progress. There’s going to be a price to pay. Surgical cutbacks or attrition will happen at ETC or cuts will be made in all BUs and work centers to compensate for conserving the status quo at ETC.
That is what unit managers do, in good times and bad. Nothing new.
Unit Managers are trying so hard to connect and push consultants to the BU. You know there is something wrong. If BUs think they are valuable indeed, it will not be like in this way.
“If ETC is no longer providing the value it once did”...but then, what is the evidence of that? It is an age old question: R&D costs money that does not pay back today like direct investment in active development. With no R&D the majors would just be another service company for big bank investors. But the majors remain fortunate 500 companies, even in the day when national oil companies own a huge share of the resource. Square this peg, it must be they do “it” better. Exxon spends the most in R&D, and remains the most profitable. Go figure?
@xvc, if as you say, “ETC has been funded at constant levels from Corp the last few years and BU consulting dollars are rising nicely of late”, that could be a serious wound from which Chevron is bleeding. It’s simple math to understand— if ETC is no longer providing the value it once did and the company keeps the same funding, then something will have to give. Either there will be reductions in personnel at ETC or reductions in other BUs to offset the bleeding. Money doesn’t grow on trees.
ETC’s PSG is inflated anyway....half of the people can go and we will still be fine.
Fake news. ETC has been funded at constant levels from Corp the last few years and BU consulting dollars are rising nicely of late, thank you very much. Time to get a life OP. You can not stay butthurt by part ROMs forever. Move on.
for real? i was planning to apply for a job there.
Layoffs come in all sizes. It could be hundreds of people or just a few people. It is only a 'real' layoff if it is you that becomes unemployed.