Thread regarding Chevron Corp. layoffs

If you're supposedly so great with such awesome skills that can't be lost, why would they offer you an EOI to begin with? Those that say they were offered an EOI but got turned down because they are so awesome are liars.

No, it's pretty much the same, I agree with @3ugj. Only the new people without a clue think it isn't.

It is different and the fact you think otherwise goes to show how far away from leadership you are

No, this one is just like the others. Get over yourself.

There's numerous ways this one is different..

No they are not surprised and this is no different than previous re-orgs, you know if this is not your first ( or second, or third) rodeo. Just stop acting like this one is different or unique. Just stop.

he is going to be ard for a long time so might as well EOI
can only get worse in CVX

===================================
Waiver of Mandatory Retirement Age for CEO Wirth

Chevron’s independent directors waived the company’s mandatory retirement age of 65 for its chairman and chief executive officer, Mike Wirth, who will turn 63 later this year.

Dr. Wanda M. Austin, lead independent director for Chevron, said, “Chevron’s Board regularly reviews its long-term succession plans, and concluded it has the right leader and strategy in place to continue the company’s successful trajectory. Mike has done an extraordinary job leading Chevron in a dynamic environment and delivering outstanding financial and operational results. We look forward to his continued leadership.”

Wirth concluded, “I appreciate the Board’s support for the strategy and the executive team we have put in place and am proud of the progress Chevron has made to safely deliver higher returns and lower carbon. We remain committed to responsible energy leadership as we adapt to an evolving landscape.”

My EOI was honored as part of Project Alpha almost 10 years ago, but I was in ETC facing large manpower reduction goals so just about all EOIs were honored. Each reorg/downsizing can have slightly different goals and sometimes targeted SBUs are not touched (I doubt that is the case this time)... but I would hope that each SBU is given a manpower reduction mandate which can be different from one SBU to another ...especially service groups vs profit centers. Being retired and out of the loop, I have not heard that this one is an across the board X% reduction. So bottom line, on higher vs lower than expected EOI, I think the outcome will depend on the given SBU.

@1whl, So you're saying you will be kept and still have a job? Well good for you, at least you'll still be able to pay the bills. Mouths to feed!

The best people are the smartest and most talented so they leave for better opportunities. The worst people are laid off. What is left is a sea of mediocrity led by those who brown nose the best. Welcome to Chevron.

I think they are counting on EOI’s. That is the feeling I get from the old timers.

If you want to cut and run…..go ahead! I for one will stay until I’m cut!

From listening to the leaders around me, sadly IT as we know it is gone. Correct about the end goal of shipping off jobs. Best to leave now before the 2nd or 3rd or 4th wave of stripping IT over the next couple years. This isn't an IT company , it's barely even an oil and gas company anymore

In IT, this time WILL be different. New CIO who doesn’t know anything about the business or industry and wants to send the majority of IT roles to low cost offices over the next few years.

It’s going to be a slow bleed in IT, not a one time change event as in the past, with the vision of cutting US jobs to the bare minimum. That’s never been the vision in past reorganizations

Op, attrition is very low under 1%, there are not any Petro-tech jobs, other designing might come and go, plenty of overlap. Not sure what you are talking about, most petro-tech folks are staying due to lack of any options.

@far, yes this is my 3’d ‘reorganisation’. Each time you think they couldn’t handle it any worse, and then they do, or maybe just feels like that. The difference this time, is this will be dragged out for years as the Engine ‘ramps up’ and local organisations ‘ramp down’.

You don't think that the rest of us in all of the earlier ROMs knew that the writing was on the wall? To be honest, they have been saying "the writing is on the wall" for decades. This time is no different. And the strategy is the same. Try not to get all wrapped up in the notion that this time is unprecedented and new. Everyone says that EVERY single time, But, but. but. this time it's different, it's way way bad, really bad..... and on and on...

OP here: yes, I know what EOI stands for and I know it is not a guaranteed approval. :)

Yes, then they can pull back and not approve an EOI to curtail attrition. If you are in a critical role with a good skill set, it doesn’t make sense to pay you to leave only to accommodate someone less competitive who doesn’t want to leave.

I feel like people are forgetting that the whole reason information is so sparse right now is because the higher ups want people to quit without having to pay severance. This isn't rocket science here.

EOI = expression of interest. Just because you EOI doesn’t mean they’ll give you the package to leave. I know people in 2020 and before who raised their hand for the package and weren’t approved. They had to accept a new job or resign.

Again, just because you put in for the EOI package doesn’t mean you’ll get it. If you’re in a critical role or skill that leadership has decided can’t be lost, they won’t accept your request.

Shhhhhhhh, you might scare them and some of us want the money.