Seen it in Exxon, when the CEO says structural, he means layoffs. That’s the code word in us analyst community. He needs to show reduction like Exxon did. Exxon went from 74000 employees to 62000, and also grew in cheap countries by 5000. That’s... — read more
But where’s our email
For all of you saying that there was goin to be an email today, there’s nothing to change status quo.
Earnings beat, return 7.7B to shareholders, 2-3B cost reduction target by 2026
Earnings beat, return 7.7B to shareholders, 2-3B cost reduction target by 2026. https://www.cnbc.com/amp/2024/11/01/chevron-cvx-earnings-q3-2024.html
CBU - Thank you
I read so much ranting here. I joined CBU 2 years ago and I an glad that I get an offer with CNRL. I work hard and I know they will keep me. I am relatively young and a career is much more beneficial than a package for me. I know many people wanted a... — read more
AI tools can reveal who is making posts here
So.. AI tools can now compare the commentary writing style with your writing style at work and give a fairly close idea who is spending way too much time on this site.. posts which are unrelated to layoffs but on layoff site here for... — read more
MobilExxon giving up on Argentina
XM will sell Vaca Muerta and dump Argentina. When will we wise up? We have less production there than Canada, which we just sold. Hello?
3Q Earnings Mega Thread
Shell is up first blowing estimates out of the water with $6 billion earnings, more buybacks, free cashflow of $31B, etc all on lower crude prices. Shares surged. Outstanding.
CEO MW Under Pressure - the BOD is finally paying attention to Mr. Mike’s performance
https://www.yahoo.com/finance/news/chevron-ceo-under-pressure-halt-100832897.html
My manager is avoiding me
I'm not sure if I did something wrong or if he knows something about the future (that I'm being laid off, for example) and can't face me. He's a good guy and we usually have a good working relationship, so this has me worried. I tried talking to him... — read more
Chevron is way better than BP and BPX.
I left Bpx about 8 months ago to come here. Despite all of the inadequacies at Chevron the opportunity for career growth is way better and the assets are healthier. Bp has invested in pi-s poor returns and a small select few get opportunities at Bpx... — read more
The slackers
I’m shocked by how many unproductive people are in my small organization. Some lack the necessary skills but continue to collect a paycheck simply because the company is too lenient. I’m skeptical about layoffs and whether the system can... — read more
Our ELT
From the point of view from average employee our ELT seem out of touch, callous towards the work force, clueless about their actions and how it's hurt the company and down right deceitful with lack of transparency. For those of you work with them... — read more
Pierre got a new job at Southwest Airlines
https://www.southwestairlinesinvestorrelations.com/news-and-events/news-releases/2024/10-24-2024-120143652
Technical Writers in ENGINE
I was just told by someone who would probably know that technical writers are going to be replaced with ENGINE employees. Imagine being stupid enough to think that could possibly work out well. Chevron leadership is full of id--ts. McKinsey or... — read more
I can’t wait to be gone from here
The Chevron of today doesn’t resemble the Chevron I started working for. Also, twelve years has been more than enough, and it stopped being challenging, interesting or motivating a while ago. The direction Chevron took with absorbing and offshoring... — read more
Chevron won’t fail and the wrong people won’t be removed and here’s why
At the offices and on this website I see a lot of talk about CEO MW and COO MN and EB and on and on about how they’re ruining the company and will drive it into the ground. We need to get rid of bad managers and PO and Global Advisors and... — read more
Manager Review Needed
Hey consultants, leadership, Blackrock, ‘powers that be’….. as you’re chipping away at the company, I suggest you take a close review of all managers, esp. those in the same cushy roles going on 15-20+ years … then look at the turnover rates below... — read more
HQ move update
Less than 100 positions to remain in San Ramon. Could be less after all the US cuts that are going to come in 2025. People will start to be notified in early November if their role is staying in San Ramon or moving to s***hole Houston. Minimal... — read more
The Engine - Clarity Please
I have no issues with the Engine. There is exceptional talent in India and combined with exceptional talent in the US it COULD be an amazing thing. The issue is the lack of clarity for the US workers. Make it clear to your current work force that... — read more
Will they close El Segundo and Richmond?
It looks like Philip 66 is going to close down… News reports are out today that Valero may leave the state of California as well… Any good stories about Richmond and El Segundo? Does Chevron plan to sell to an investment group? Will they close it... — read more
Rumor mill
Let’s gossip! Who has good intel on any rumors? I’ve never seen a place so tense, which tells me people know things - big things.
Remember
Do you all remember that time when MW tried to blame employees for Chevron's woes? Lol... and then the managers had the audacity to tell employees to work harder
Wil ENGINE facilitate lay offs?
Since Chevron is investing in “affordable geograhy” in India, how soon will layoffs occur as Engine comes online?
Wfh Ending for Chevron
Is this true?
Same PSG as Supervisor
Can supervisors and direct reports be the same psg? Just wondering if HR allows this
What happened to this company?
I joined up during the Bill O. days. We had a healthy pipeline of new discoveries and projects, executed on MCPs relatively well, real turnaround on safety culture and empowering the workforce, we focused on running the business well and supporting... — read more
Waiting for the layoffs
I’m just hanging around for the severance at this point. I can’t wait to get out of here. The sooner the layoffs come, the better. It’s pretty much the only thing keeping me from leaving right now. This is nowhere near the same Chevron I joined over... — read more
Outsource ELT
If we really want to return value to the shareholders and cut costs we should send all the Executive positions overseas. They don't add much value other than to their own pocketbook. Getting rid of millions in salary a year with just MW alone will be... — read more
Future CEO - EB
You all who worked with or for EB. Give us the first hand information who she really is...
CBU
Bring CBU back to the top as active layoffs are happening. Any new updates?
Angola?
I do not see any possible impact on our jobs in Angola at least in the near future. Yes, we have some made up roles but it seems pretty stable here. Did anyone hear anything else?
ABU Cuts by Department
Does anyone know how many people will go by department? I know its 30% is that across board or more to go in some departments than others...
30% headcount reduction?
I keep seeing 30% headcount states here. Anyone know the source? That seems….wildly implausible. Nothing works now. That kinda of cut and it would all just grind to a stop…
MW expects a big raise after layoff completed.
“ Microsoft CEO Satya Nadella Gets $30 Million Pay Raise Amid Year of Massive Gaming Layoffs”… given MW seems enamored with Nadella, I expect he will ask for the same bump in compensation.
Every week feels endless
Lately, the stress at Chevron has been relentless, it feels like six months have stretched into six years. Every week leaves me more drained than the last, and it's taking a toll on my health. And the fact is things are only going to spiral further... — read more
11/1 IT reorg announcement?
Has this been confirmed? We all know that reorg = layoffs. It would be nice, for once, to get heads up.
CTC Innovation cuts
Someone said that JG indicated 50% cuts to his org in US. Some jobs moved to ENGINE and some just gone altogether. Honestly I’m not sure how much value that org adds to probably about time.