Thread regarding Chevron Corp. layoffs

It appears cost cutting decisions being implemented now undermine capabilities to explore and produce effectively. These patterns suggest a strategic plan tied to a merger. Exxon is the most obvious candidate. Exxon buys Chevron. Assets are optimized. Staff are cut. Winwin for Exxon and CVX ELT. DJT and Elon have already stated they will eliminate regulations that would prevent this scenario. Welcome to corporate-controlled government.

What's with the people here that care more about the company and executives that dont care about any of us versus supporting you average employee working hard and getting run over by management. Is MW or some other executive on here posting or is it just average conservatives who are back in a mentality before the American Civil War?

I definitely think an Exxon / Chevron type of merger could happen, because right now we’re competing against the likes of nations e.g. Saudi Aram and China Petrotech. If Chevron and Exxon were to merge we’d still be no where near the market cap of say an Apple or Google and such, I don’t see the Feds having issues on commodity based merger in today’s climate. What do others think? Any financial experts here?

It seems that some of us are triggered about not getting enough raises and promotions and attention and think that not working, or throwing a hissy-fit on the layoff site will solve the problem. I doubt they ever worked much at all so no change then, lol. Well that's certainly mature adult behavior like being jealous of others' belongings that they worked hard for. How about getting out and finding a better job if it's so bad? Oh, yeah, you're incapable and no one else wants you. My bad.

@2cvg+1 you've obviously failed to grasp you're annoyed I've taken the chevron way to heart. That is, I only care about what's good for me and no one else. Perhaps you should consider why people are just hanging on for the money? Years watching many people hurt through multiple reorgs may have had an impact? Anywho after watching and hearing greedy higher PSG types talk about their holiday homes, expensive cars and clothes, I certainly don't care.

@3lyj+1voUQqzN You’re kidding, right? You really think there will be any guardrails on mergers over the next 4 years?

@2pbj+1voUQqzN govt would never allow that merger to happen.

Here for the payout myself. Despite EEs, hardly any raise or promotion prospects thanks to the absurd processes. Happy to kick back and hammer paycheck while doing the bare minimum into ‘25

No, you need to look at yourself in the mirror to salvage what's left of your pathetic career and stop blaming everything on others. It's all on you. When you are on the street or somewhere else who will you blame? Someone else? lmao.

@2cvg I agree if MW, MN, EB and CIO less would all leave we would be in much better shape!

@2web, maybe if we had more respectable people actually working instead of sitting around waiting for the the payout we wouldn't be in the predicament we are all in.

It is going on in other companies as well. In the company I work for we were told contractors to be cut by December, and no contractors in 2025. Just a few weeks ago I was told to extend a contractor for the 2025 budget, and then this week that would be cancelled. The bad part about it is the contractors get more done than some employees that never pull their weight.

When people write into 26, do they mean first or second half? Some of us have left in our minds, we are staying for the payout.

Let’s say we cut 1 billion in employee cost and each employee costs 300,000 per year that’s at least 3000 heads

We do realize this is all prep to merge with Exxon, right?

If the next president can really stop corporations from offshoring, I'll be impressed.

Im a consultant and have already been told it’ll be tough to keep me in 2025 even though i was just onboarded to help a struggling team. FFS

Based on calculations, a $3 billion reduction in costs could result in approximately 10,000 layoffs. It may be prudent to consider financial planning, as there is a possibility that some jobs could be outsourced to India. There is also speculation that tariffs on low-cost labor could be introduced in the future if you believe DJT.

As an employee, it’s frustrating to see Chevron pushing to cut SG&A costs by offshoring jobs to BA and Manila when we’re already one of the most competitive in the industry.

We’ve managed to keep overhead low, giving us an edge over competitors, so it seems short-sighted to cut even deeper. Reducing support functions risks impacting our overall efficiency and eroding morale, which could backfire.

Instead, Chevron could focus on strategic growth to strengthen our position without undermining the teams that keep everything running smoothly.

It is at 30% cut, Engine is only 10% of it for 2025 and 2026, there is a mich bigger reorg in scope, the implementation varies, some folks in IT and contractors had been already impacted, the rest will be gradual through 2025 and more accelerated in 2026. It is never pretty and this one would be tougher than before, all the best to everyone.

anything that physically cannot be done at the wellhead, plant, Cogen etc will be reviewed. FE’s, HR, Supply Chain and yes even some ops will be looked at is my guess.

It’s going to be bigger than Alpha

Major troll . Ignore these fu----s

Yes of course ! You don't need a crystal ball. Listen to the earnings call and read about this thing called "the ENGINE" in good ol' Bangalore

Literally every other thread on here is about ENGINE and the offshoring of thousands of jobs to cheap labor centers. Maybe start there.

Unlikely. Maybe some in 2026.

Duh.