What's the new information from today? Dept numbers etc?
6 replies (most recent on top)
@b6 sounds like you don’t work for the company. Otherwise you were sleeping during the townhalls and department meetings today
@am Is this verified information? And when will it be executed. Need to get my resume updated ASAP!!
Corporate: 410 down to 155
35 roles being migrated to Houston
140 roles being migrated to GBC/TC’s (Argentina, Bangkok, India, Malaysia)
80 roles being eliminated
Reductions of about 70% of GBS, 60% of Finance +IR, 70%of Emtech IT, 30% of E&PS, 50% of HR, 50% of Law and 20% of P&GA
Product solutions: 495 down to 245
85 roles being migrated to Houston
70 roles being migrated to GBC/TC’s
95 roles being eliminated
Reductions of 100% in Global Trading, 50% in supply chain, 80% in EMTech, and 30% in Product Solutions
Upstream: 465 down to 180
50 roles being migrated to Houston
110 roles being migrated to GBC/TC’s
125 roles being eliminated
They are not going to giving specific end date to the employees not mobile to Edmonton. Technically, they have given us a 2 year working notice till YE 2027. If we decide to stay along until the time they decide later at their own discretion, we will receive severance.
In reality, a few people will receive the payment as most people will look for another and quit before the date company informa them of their end date.
75 % of EMTECH gone (combined engineering, PSP , research). Mostly to Houston and Bangalore.
75% of EMIT gone. Mostly to BA it sounds.
As is always the case, the halo effect will come into play, just like it does during the ranking sessions. The dedicated hard working employees who won't su-k up will be packaged. The a$$ kissers who make their managers look good will survive.