If vesting is still year away
Workday Compensation
Check out compensation under workday. I think everyone should see an estimated severance package.
Severance is out in workday
View profile, compensation tax, severance lump sum Looks like it’s 2 weeks or so per year of service, 1 year cap That is what everyone is saying… mines look inbetween 2-3 weeks per year
Cost savings
Can we fire the CEO and hire an Indian replacement working remotely?
Everyone in CTC is preparing their resume
and share tips with each other on how to up the resume. WOW
Jim Cramer: “Chevron’s (CVX) Dividend Is Rock Solid – I Bless This Investment!”
“Well, boy, that’s a great one. I’ll tell you why. Mike Wirth is just, the CEO, he’s committed to that dividend like no other. They’ve got giant cash flow. It is not a problem. It’s one of the safest dividends I know. I bless that investment.” We... — read more
Complete Chaos at Chevron Today
I woke up this morning to over 500 emails from employees desperately seeking answers about what’s happening and how it will impact them. Many missed our morning briefing, citing stress levels that are off the charts. It feels like the company has... — read more
Culture Club
Who thinks this new reorg will actually change the culture as spruiked at SETH? Or will it be just another PowerPoint fever dream with the same BS issues persisting?
Tips as we prepare to EOI?
Besides the obvious to save money and look for another job, what are you doing to prepare for your exit? I saw a thread discussing 401k. what else? bank vacation or spend it all? benefits? let’s help each other through the inevitable.
I don't want to stay here anymore
I started out dreading these layoffs, but now I’m hoping I’m affected. What happened to the Chevron I joined over a decade ago? The company used to treat its employees with respect, not like we don’t matter at all. Sure, it was never perfect, but it... — read more
What's next. Do we all need to Apply for jobs like 2020 ?
EOI round 1 Selection process Lay off all couldn't find a place EOI round 2 Continuous layoffs through 2026.. this would mainly be wiping off entire team as work moves to Engine
Offshoring jobs to India
Lost in all the articles and discussion on LinkedIn is the fact that Chevron is opening their new India office. Clearly the layoffs are offshoring. Those jobs are moving to India. Just like ExxonMobil has already done and continues to do. Look on... — read more
Accelerated Expression of Interest Window
The S.E.T.H. slide on the coordinated selections stated in February there would be an "accelerated expression of interest window". If I'm taking that phrase at face value it sounds like if you express interested in leaving they'll have an accelerated... — read more
Responsible Leadership
MN is saying to the media that they are being responsible leaders with what they are doing. Responsible leadership would be taking accountability and take pay cuts to save jobs or stepping down completely since the problems are mainly at the top. MW... — read more
For the Shareholders
They called me in, a somber tone, "The numbers dipped, the board has shown That trimming costs will pave the way— Your job, my friend, must go today." I smiled and nodded, shook his hand, "Of course, I truly understand. Could I have worked a little... — read more
Market reaction
Why did stock market not react favorably to the news ?
CVX layoffs, market yawns
Stock market took CVX layoff news as a whimper. So much for ability to move stock price. What are you going to do now MW? Maybe if you and board are taken over by activist investors, the stock might move. Can’t believe we pay you $30M per year to... — read more
Didn’t Chevron move from California to Texas to prevent this?
Supposedly because it’s more “business friendly”.
Asset sales
Where will the asset sales come from
Red light!……green light!….
Let the games begin!
The call to go from good to great is the new SETH 2025 mantra
I read this book… the book also states the company leadership make the company great, starts from the top… I wonder if we people agree that they are great
Is 15% - 20% the largest ever layoff?
In Chevron's history? Long timers, any insights?
15 to 20%?
Does that mean that it's 30-40% in US and Australia? We are growing in India and the Philippines (low cost locations).
CVX
Fu-k Chevron. Greedy ba----ds. Great Job! BTW. You’re fired/laid off…here’s a cowboy hat 🤠 on your way out.
Hear me out. For every person hired in India, fire one in the US
No need to keep or bring them here from India if you’re hiring them there anyway. Keep Indians in India and keep Americans employed.
The end of 2026 is far, far away
Luckily, I have started with a job search already. There are other options, and I’m currently weighing one. Good luck to all the folks who need this job badly for the foreseeable future.
Best line
Mike's Hard.......but not lemonade. He's definitely excited for layoffs.
DEI at Chevron IT
It’s great that we have all white people addressing the topic of DEI and how much we care about it. And then it got me thinking about how IT is full of Asians - as in, the actual technical professionals in the function are heavily Asian. But yet... — read more
Competitor focus & no engine?
First hour of SETH: our competitors are better & so we will adopt similar org models to be more attractive to investors Q&A: why is our (capital) philosophy better than, for example, xom?… we are good & need to not be distracted by what others are... — read more
***BREAKING NEWS***
https://abc7news.com/post/chevron-layoffs-oil-giant-plans-let-go-9000-employees-15-20-workforce-worldwide/15898909/
Chevron Pipeline
Any ideas on layoffs within CPL or contractors? (maintenance, inspection, etc)
how will package be structured for EOI
Last time folks also got 1 year med insurance
PDC for your job
In the Q/A, after the cameras were off it was noted we will be assigned a PDR (not necessarily our current PDR) and have to go through the PDC process. I feel like at this point I might as well apply for other companies as well. Question from me... — read more
IT MSP efficiency versus costs
I've been working in IT for 25 years and I've been through several reorgs in global corporartions. I'm anonymous because I fearreprisals. But if we stick to the Chevron Way I shouln't. Wrong answer. But this one really s-cks. This one is really... — read more
15-20% Cut in Global Workforce
Cuts will be complete in 2026. Learn to code.
IT 15-20% after agile and chapter eliminated?
What is the IT cut if we’re eliminating agile and the chapter model? And moving jobs overseas on top of that? Seems like more than 20%.
Are interns safe?
It's my last summer of college and I am really staking everything on Chevron internship happening--I've done all the paperwork but will existing offers be rescinded? It's too late to find anything else for this summer.